An examination of the awareness and practices of human resource professionals in how they are measuring the effectiveness of employee reward practices / Eva Birmingham.Material type: TextSeries: M.A. - Human Resource ManagementPublisher: Cork : Cork Institute of Technology, 2017Description: 105 pages : illustrations (some color) ; 30 cmContent type:
- THESES PRESS
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Human Resource (HR) Analytics and the benefits that can be gained from the utilization of such has become a contemporary topic of interest in recent years. To clarify, HR Analytics is simply an evidence based approach to management. The prevalence of globalization and increased market competitiveness has commanded that organizations work more efficiently. The power of the use of HR Analytics in creating these unique business specific efficiencies can no more be ignored, and it has become obvious that Human Resources in its continuous evolution, has placed a greater focus on the business results that existing data can bring them. Consequently, present day business operations necessitate this evidence based approach to management. This thesis focuses on the practices and capability of multinational organizations based in Ireland in their use of the information available to them specifically with respect to their reward decision methodologies. Due to the nature of the inherent larger size and budgets, as-well as the competitive landscape in which they sit, multinational organizations were chosen as the focus of primary research. In-depth interviews were conducted with seven senior HR professionals in seven different multinational companies that are based in Ireland. The interview focus specifically on whether these organizations are measuring the outcome of their reward practices and whether they are making reward decisions based on actual evidence of these outcomes. The interviews reached comparable conclusions suggesting that reward decisions are based on external factors as precedence. The evidence also concluded that retention is held a valuable data point in understanding effectiveness of reward. The interviews also reached unanimous conclusions suggesting that these organizations are not utilizing all the tools available to them in understanding the true effectiveness of their reward program. Another salient finding illustrated that in some instances, feedback is attained as a re-active strategy as opposed to a succession strategy - (Abstract)
Thesis (M.A.) - Cork Institute of Technology, 2017.
Bibliography: (pages 67-78)