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Human Resource Management of Emerson Radio

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Human Resource Management of Emerson Radio
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Netra Shetty
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netrashetty
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Human Resource Management of Emerson Radio - January 25th, 2011

Emerson Radio Corporation (AMEX: MSN) was founded in 1948. It is one of the United States’ largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, a homage to Emerson's logo.

Activity Based Costing (ABC) is a method
of cost management that determines the true
cost, including overhead, for a service or
product. Finding the true cost allows
agencies to discover cost improvement
opportunities, prepare and actualize strategic
and operational plans, and improve strategic
decision-making. This cost management
methodology involves identifying activities,
determining activity costs, determining cost
drivers, collecting activity data, and
calculating the service cost.

ABC is being explored by a number of agencies. The Patent and Trademark Office is using
ABC agencywide, and the General Services Administration is using it to determine HR costs,
as described on the following page.

To recruit management trainees in Marketing, Finance, IT and HR, PTC mainly rely on
MBA’s graduating from local institutions, barring a few students returning home after
qualifying from foreign universities.
Well-managed internship program will help to “catch them young” rather than waiting
for the graduating students up to the last moment. Involvement with the students joining
the professional institutions starting first year they join.
10. Retaining Talent:
PTC aim to be the most attractive employer in local job market, this is done through,
• Annual survey of job market (comparative companies) to remain competitive.
• Expanding the base of comparator companies.
• Ingenuity in use of Merit Matrix, giving more freedom to the line managers when
reviewing the salaries of their teams
• Raising bar by moving up from the 75th percentile for specialist jobs.
• Further, improve the concept of performance-linked bonus.
Keep reviewing organization structure, on need basis, for right sizing. Constant review of
role profiles through job evaluations. A flexible approach in designing the remuneration
package for the new generation managers who are more interested in higher take home
pay rather the retirement plans. Instant recognition of outstanding performance
/contributions towards productivity improvements

Salary increment for those with “A” rating is 17% higher than those with “C” ratings
whilst no salary increment was granted to those with “D” ratings.still planning to widen
the gap between excellent, satisfactory and weak performers to appropriately incentives
high performance .The incentive schemes and incentive objective have been clearly
communicated to all individuals and weekly progress report is also communicated to all
concerned.
12. People and Team Processes:
Building morale of people and creating a winning culture continues to be the foremost
objective where ordinary people can achieve the extra-ordinary by performing willingly
to the best of their abilities. The cross culture team continues its efforts towards
integrating the various cultural element of the organization. Some of the activities that
would further cement efforts in the plan to achieve excellence through a highly integrated
and fully committed team include:
• Re-engineering of communication process across the organization.
• Enhancing the literacy standard of work force.
• Involving the families of workers in various cultural activities.
• Engaging business partners in the overall organizational activities.


Performance management is an important element in Human Resource Management. Performance management helps the organization in sustaining or improving performance, promoting greater consistency in performance evaluation, and providing high-quality feedback. Performance management is related to other processes such as reward management and training and development. Through performance management, the contributions and accomplishments of each employee are measured. Performance management also identifies the strengths and weaknesses of each employee. The information gathered through performance management are used in compensating and rewarding employees as well as determining their training and developmental needs. Performance management according to Sims (2002a) is the integration of performance appraisal systems with broader HRM systems as a means of aligning employees’ work behaviors with the organization’s goals. Thus, a performance management system consists of the processes used to identify, encourage, measure, evaluate, improve, and reward employee performance at work.

Read more: http://ivythesis.typepad.com/term_pa...#ixzz1C2UMfUCm

Performance management is an important element in Human Resource Management. Performance management helps the organization in sustaining or improving performance, promoting greater consistency in performance evaluation, and providing high-quality feedback. Performance management is related to other processes such as reward management and training and development. Through performance management, the contributions and accomplishments of each employee are measured. Performance management also identifies the strengths and weaknesses of each employee. The information gathered through performance management are used in compensating and rewarding employees as well as determining their training and developmental needs. Performance management according to Sims (2002a) is the integration of performance appraisal systems with broader HRM systems as a means of aligning employees’ work behaviors with the organization’s goals. Thus, a performance management system consists of the processes used to identify, encourage, measure, evaluate, improve, and reward employee performance at work.
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Last edited by netrashetty; January 25th, 2011 at 03:20 PM..
   
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Re: Human Resource Management of Emerson Radio
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James Cord
jamescord is an unknown quantity at this point
 
jamescord
Management Paradise Guru
 
Status: Offline
Posts: 2,112
Join Date: Mar 2016
Re: Human Resource Management of Emerson Radio - March 29th, 2016

Quote:
Originally Posted by netrashetty View Post
Emerson Radio Corporation (AMEX: MSN) was founded in 1948. It is one of the United States’ largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, a homage to Emerson's logo.

Activity Based Costing (ABC) is a method
of cost management that determines the true
cost, including overhead, for a service or
product. Finding the true cost allows
agencies to discover cost improvement
opportunities, prepare and actualize strategic
and operational plans, and improve strategic
decision-making. This cost management
methodology involves identifying activities,
determining activity costs, determining cost
drivers, collecting activity data, and
calculating the service cost.

ABC is being explored by a number of agencies. The Patent and Trademark Office is using
ABC agencywide, and the General Services Administration is using it to determine HR costs,
as described on the following page.

To recruit management trainees in Marketing, Finance, IT and HR, PTC mainly rely on
MBA’s graduating from local institutions, barring a few students returning home after
qualifying from foreign universities.
Well-managed internship program will help to “catch them young” rather than waiting
for the graduating students up to the last moment. Involvement with the students joining
the professional institutions starting first year they join.
10. Retaining Talent:
PTC aim to be the most attractive employer in local job market, this is done through,
• Annual survey of job market (comparative companies) to remain competitive.
• Expanding the base of comparator companies.
• Ingenuity in use of Merit Matrix, giving more freedom to the line managers when
reviewing the salaries of their teams
• Raising bar by moving up from the 75th percentile for specialist jobs.
• Further, improve the concept of performance-linked bonus.
Keep reviewing organization structure, on need basis, for right sizing. Constant review of
role profiles through job evaluations. A flexible approach in designing the remuneration
package for the new generation managers who are more interested in higher take home
pay rather the retirement plans. Instant recognition of outstanding performance
/contributions towards productivity improvements

Salary increment for those with “A” rating is 17% higher than those with “C” ratings
whilst no salary increment was granted to those with “D” ratings.still planning to widen
the gap between excellent, satisfactory and weak performers to appropriately incentives
high performance .The incentive schemes and incentive objective have been clearly
communicated to all individuals and weekly progress report is also communicated to all
concerned.
12. People and Team Processes:
Building morale of people and creating a winning culture continues to be the foremost
objective where ordinary people can achieve the extra-ordinary by performing willingly
to the best of their abilities. The cross culture team continues its efforts towards
integrating the various cultural element of the organization. Some of the activities that
would further cement efforts in the plan to achieve excellence through a highly integrated
and fully committed team include:
• Re-engineering of communication process across the organization.
• Enhancing the literacy standard of work force.
• Involving the families of workers in various cultural activities.
• Engaging business partners in the overall organizational activities.


Performance management is an important element in Human Resource Management. Performance management helps the organization in sustaining or improving performance, promoting greater consistency in performance evaluation, and providing high-quality feedback. Performance management is related to other processes such as reward management and training and development. Through performance management, the contributions and accomplishments of each employee are measured. Performance management also identifies the strengths and weaknesses of each employee. The information gathered through performance management are used in compensating and rewarding employees as well as determining their training and developmental needs. Performance management according to Sims (2002a) is the integration of performance appraisal systems with broader HRM systems as a means of aligning employees’ work behaviors with the organization’s goals. Thus, a performance management system consists of the processes used to identify, encourage, measure, evaluate, improve, and reward employee performance at work.

Read more: Human Resource Management in Action: UNIQLO

Performance management is an important element in Human Resource Management. Performance management helps the organization in sustaining or improving performance, promoting greater consistency in performance evaluation, and providing high-quality feedback. Performance management is related to other processes such as reward management and training and development. Through performance management, the contributions and accomplishments of each employee are measured. Performance management also identifies the strengths and weaknesses of each employee. The information gathered through performance management are used in compensating and rewarding employees as well as determining their training and developmental needs. Performance management according to Sims (2002a) is the integration of performance appraisal systems with broader HRM systems as a means of aligning employees’ work behaviors with the organization’s goals. Thus, a performance management system consists of the processes used to identify, encourage, measure, evaluate, improve, and reward employee performance at work.
Hey friend,

Here i am uploading Privacy Policy of Emerson Radio Corp, so please download and check it.
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