Reflective Discussion

Module 4 Reflective Discussion
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Module 4 Reflective Discussion
Vacation is a crucial concept in the work environment. It involves giving the staff time-off regularly; for example, one month every year. Going on holiday is vital to improving the well-being of the staff. Employees get the opportunity to rest after a busy schedule. Sufficient rest enhances the physical and mental health outcome of the team. Vacation enhances the performance of the workers. They will strive to accomplish the stated goals and objectives before the vacation period. Furthermore, vacation improves the loyalty of the staff. All people desire to work in an organization that gives them sufficient paid vacation (CBS This Morning, 2015). Thus, companies should have an effective vacation program that enhances the productivity, wellbeing, and loyalty of the staff.
The Compensation concept implies remuneration of workers. People offer their services so that they can receive monetary as well as non-monetary rewards. Wage is an example of compensation that is provided after the accomplishment of a task. While, salary is compensation given for services rendered after a particular duration; for example, a month or year. Compensation is essential to the organization in several ways. It attracts competent staff as people desire to work for companies with competitive or attractive remunerations. Also, compensation improves the performance of the team. High performing staff get great compensation as a result of commissions and bonuses (AuthorStream, 2014).

All companies should strive to have competitive compensation that motivates the employees.
Terminating employees is a concept that illustrates how the staff can be discharged from their duties ethically and professionally. It is an unpopular decision that business managers implement in cases where the performance of the company is not satisfactory. In the termination, the manager should adhere to the employment contract and employment laws. The termination process should address the interests of the employees and employers as shown in the work contract as well as employment laws (Green, Ryan and Levy, 2017). For example, the employees should be given total remuneration for the work done before the termination date.
The assignments are an essential component of the course that influences my perception of the significance of HRM in business establishments. For example, the assignments require case analysis on the HRM practices in the private organizations. Most multinational corporations have a recruitment portal on their websites, which enhances the recruitment and selection procedure (Reilly, 2012). Also, the private firms have the employment contract that shows the employees and management’s obligations in the work environment.

References
AuthorStream. (2014). Compensation slide presentation. Retrieved from http://www.authorstream.com/Presentation/amit.kursija-217196-compensation-appraisals-collective-bargaining-competency-employee-relations-hr-hrm-human-reso-education-ppt-powerpoint/CBS This Morning (2015). Work vs vacation: from unlimited time to no time off. Retrieved from https://www.youtube.com/watch?v=RV4hPjmZVyA Standard YouTube License.
Green, N., Ryan, K., and Levy, M. (2017). The correct way to terminate an employee. Retrieved from http://www.humanresources4u.com/cms_files/original/How_to_Terminate_an_Employee1.pdf
Reilly, P. (2012). HR’s future in a global setting. Human Resource Management International Digest, 20(3), 3-5. Retrieved from ProQuest from the Trident Online Library.