HR Practices and Their Motivational Impacts

INTRODUCTION TO THE TOPIC

The topic is HR Practices and Their Motivational Impacts.

It is an interesting topic to work on, as it helps the HR

department to know the effectiveness of its HR practices.

INTRODUCTION TO THE TOPIC

Motivation: A basic principle is that the performance of an

individual depends on his or her ability backed by motivation.

Performance= f (ability motivation) HR Practices: A Best Practice in HR is a particular method, approach, or practice of managing people which has a positive impact on a companys overall business performance by improving employee satisfaction, employee motivation, and customer Satisfaction, and/or bottom-line business

performance.

SOME GOOD HR PRACTICES

HR practices are used for the employees, but these practices can be categorized on the following basis:

Financial Practices

Nonfinancial Practices

FINANCIAL PRACTICES

Reward and Recognition Scholarship Program Learn smart( Training and development facilities

Occasional Gifts
Annual free medical checkup Domiciliary reimbursement Uniform distribution

NON-FINANCIAL PRACTICES
oPerformance Appraisal:
MBO For Staff Members

System of half yearly appraisal review

Employee Recognition program 360 degrees for workers

Home Visit
Safety related Training Sports day and Annual day Community Development in villages of associates Monthly employee communication Birth day celebration Of employees Idea Acceptance Award Employee of the month

MOTIVATIONAL IMPACTS OF THESE PRACTICES

Distribution of similar uniform to all the employees develops the feeling equality to the employees.

Scholarship program provided to the kids of

associates reduce the financial burden of the studies.

One of the important practices which improve the skills of the employees is learn smart and training facility, which encourages them to work confidently.

Reward and recognition is a practice which motivate

the employees to do some good works apart from their duties.

Home visit a practice in which staff members visit the associates house and take the pictures of their kids

and these pictures are pasted in plant, which

encourages the employees.

Visual Recognition is a practice which immerge the feeling of recognition by their bosses after doing some special work.

OBJECTIVES OF THE PROJECT

To analyse the impacts of financial HR practices. To analyse the impacts of non financial HR practices. To seek the effect of HR practices on employee

motivation.

IMPORTANCE OF THE PROJECT:

The study of HR Practices And Their Motivational Impacts has the following importance

It impacts customer satisfaction.

Enhances internal capabilities of an organization to deal with current or future change.

It influences financial and other performance indicators. Energizes and encourage employees to work. Increase loyalty of employees towards the organization.

Attract Man Power

Reduce Absenteeism Reduce Turnover