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Q. "Borderless world, Diversity, and Knowledge Power are the three broad phenomena of 21st century, posing challenges to the corporate world and culminating into fierce competitive environment".
Elaborate this statement and discuss the underlying concepts, specifically in respect of the challenges faced by the corporates in managing Human Resources.
Draw examples from the cases you are aware of. Briefly describe the situation and organizational limitations you are referring to.
Answer. The responsibilities of HR manager have gradually become broader and more strategic since the organisation realized the importance of HR. The Globalisation put together the world as a Global village. ........... The future success of any organizations relies on the ability to manage a diverse body of talent that can bring innovative ideas, perspectives and views to their work. The challenge and problems faced of workplace diversity........
Q. Define and describe the inter-relationship between Self-Concept, Concept of Role and Orgnisational Socialisation. Explain with examples, you have come across or aware of. Relate your response with the socialization factors in organizational socialization process. Briefly describe the organization you are referring to.
Answer. The term self-concept is a general term used to refer to how someone thinks about, evaluates or perceives themselves..... Organizational socialization, often called employee onboarding, has become an essential process for businesses that rely chiefly on a talented staff......
Q. What is the role and purpose of Human Resource Accounting? Explain with suitable examples, citing the limitation this process has in organizational situations. Draw from your own experience or the ones you are aware of. Briefly describe the organization, situation and organizational dynamics you are referring to.
Answer. Human resource accounting (HRA) uses current accounting and finance principles covering the capitalization of expenses and applies those concepts to first quantifying the cost...... Many computational models have been used for the calculations of the value human resources in an organization. Generally, these models can be grouped into.....
Q. What are the key factors governing motivational aspects of Reward Management, which have substantial impact on development, implementation, maintenance, communication, and evaluation of reward process? Explain with examples from your own experience or the ones you are familiar with.
Briefly describe the organization and the situation you are referring to.
Answer. Motivation is a vital aspect in functioning of every organization. It refers to the forces that arouse enthusiasm and persistence to pursue a certain course of action for accomplishing organizational goals..... Reward management is based on a well-articulated philosophy – a set of beliefs and guiding principles that are consistent with the values of the organization and help to enact them. These include beliefs in the need to achieve fairness, equity, consistency and transparency in operating the reward system.
MS-02 Solved Assignment - IGNOU MBA
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Old Sample Answer
Q. Write a note on reward Strategy.
Answer. Reward strategy may be a broad-brush affair, simply indicating the general direction in which it is thought reward management should go...... Reward strategy sets out what the organization intends to do in the longer term to develop and implement reward policies, practices and processes which will further the achievement of its.......... Reward management activities fow from reward strategies that are integrated with business and HR strategies and exist to give a sense of purpose and direction. Te aims of reward management are to support the achievement of business goals, but equally they are to build a relationship based on trust, openness and personal fulfillment...... The formulation of reward strategy can be described as a process for developing and defining a sense of direction. There are...... A key aim of reward strategy is to foster the development of a high performance culture, thus helping the organization to achieve its business goals. In the familiar phrase, reward strategy also aims to create policies and practices that will attract, retain and motivate high...........