Consultancy Project

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ACKNOWLEDGEMENT

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible.

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

EXECUTIVE SUMMARY

Human Resource Management is crucial to the success of any organisation. A lack of effective HR practices result in costing significant burdens to the organisation, in the face of competitiveness and high levels of technological advancements. It costs approximately three times more to recruit and train a new employee than it does to retain and develop an existing employee. And this does not even take into account the hidden costs associated with misdirected management time spent on recruiting activities rather than effectively managing existing staff.

The fact is employees are the lifeblood of every organisation. The better they are the better qualified, trained, and managed, the more effective and profitable your organisation will be. Performance management- One of the most widespread errors in the performance of presentation appraisals is to see appraisal as an isolated happening other than an ongoing process. Employees need to be encompassed in the conceiving of their future goals and development plans. This will help the worker seem more at alleviate and encompassed in the appraisal process; thus, producing in better work performance.

Mini-appraisals should be undertaken all through the year to help with an end-of-the-year appraisal. If the data is not consistently accumulated all through the year it may not contemplate everything it desires to reflect. Fear of failure- there is doubt that an awful appraisal reflects contrary on the individual carrying out the appraisal. When this difficulty lives, it may issue to a difficulty in the association culture. The origin may be a heritage that is intolerant of failure. The supervisor needs to be guaranteed that when they give a dependable appraisal, no issue how good or awful, it won't contemplate contrary in the direction of them. The ways to decrease these difficulties are very basic. It is vital that peak administration accept as factual in the worth of appraisal and articulate their evident firm promise to it. Top managers are mighty function forms for other managers and employees. Performance appraisals if undertook correctly; can be very beneficial to an employee. But if not finished rightly, it can contemplate contrary on a good worker and make a not so good worker gaze top-notch. With the correct teaching presentation evaluations can become absolutely crucial in a company's day-to-day operations.

Redundancy programs in an organization is another crucial area of concern for the Human Resource personnel since there is a lot more to these programs than just the redundancy pay that an employee receives . Once an organization decides to go for a redundancy program, it has to ...