Human Resources - Compare and Contrast Interview Paper Essay

Human Resources - Compare and Contrast Interview Paper - Essay Example The individuals have been chosen for the study based on the fact that they have been involved in the core human resource activities for a significant number of years and have gained substantial knowledge and expertise on the subject too. The topic chosen for the study is compensation and the problems that employees face with regards to the same. The interview questions are prepared with the aim to bring forth the opinion of the two managers with regards to the effectiveness of the compensation policies in their organizations in terms of employee and organizational performance. The questionnaire is designed to help the two organizations make analysis of their respective human resource practices. Also the compensation package of employees is perceived as the value organization assign to their employees. An analysis of the same would reveal the employees’ worth in the organization as valuable assets. Comparison and Contrast of Interviews Various factors came forth with regards to the compensation structures of the two organizations and how satisfied were the employees with the compensation structure and policies of the organization.... Also considering the improvements in then labor markets, organizations have been driven towards the upliftment of the salaries of employees. Employers failing to do so confront with various human resource problems, such as dissatisfied and de-motivated employees, employees’ resistance towards work and their jobs. From the responses that follow, it is apparent that the former organization considers the industrial standards at the prevailing time before setting the salaries of employees. However, the latter sets its salary independent of the industry standards. The responses demonstrate that the former organization would face fewer problems in attracting and retaining human resource in comparison to the latter. With the upward inflationary pressures in most nations and rapid technological advancement organizations have been increasingly confronting with the problem of upward revision of the basic salaries of employees in terms of their dearness allowances. In such a condition or ganizations not considering the industrial standards would be faced with the problem of high employee attrition rates. Employees would be more tempted towards organizations offering higher salaries as salaries are the prerequisites of attracting and retaining talents in organizations. With the intense competition existing in the market, the compensation packages are the only and most important alternative left with the companies to motivate employees and attract them from the labor market. The increment system in the former organizations is found to be better and profound in comparison to the latter. Employees remain concerned about their career