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Team Management Blog 10

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  Reward management formulates policies to reward people fairly, based on their performance (Rose 2014). Therefore, SHRM has developed a unique points system which employee get to build up points by offering to do voluntary work for the organization such as promote safety programs, products and offers while gaining an incentive. Moreover, turnover refers to employees moving from one company to other, retention and stability refer to employees preferring to stick to one company (Ton 2014). According to a survey, staff turnover, stability and retention rates have affected by several internal factors such as organizational culture, rewards, and job satisfaction. Also, the external factors like market condition, economy, and location. While external factors are out of organizations control. However, the SHRM ensures that internal factors are considered and attended in a timely manner. Although these methods are usually governed by best practice approach of the Team Management. However,...
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Team Management Blog 9

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Reward management is intrinsic rewards focus on personal accomplishments and psychological satisfaction, extrinsic rewards are financial in nature and offered mostly in the form of a pay hike, incentives (Dysvik & Kuvaas 2013). Therefore, pay rise, incentives form part of extrinsic rewards whereas intrinsic rewards focus on motivating employees to perform a task. Furthermore, researchers have identified a strong correlation between the two which says, rewards motivate an employee to perform well, provide good service and thereby generate profit, and vice versa (Herzberg 2017). According to Mayo’s theory, employees, if given a degree of freedom and a feeling of importance, tend work well to achieve business productivity (Mottershead et al. 2015). Rewards can also be in the form of verbal appreciation of monetary appreciation. Therefore, a series of job design-job extension technique is a popular method in HRM used to boost their morale and sense of responsibility, by adding addition...
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Team Management Blog 8

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Recruitment and selection involve screening and selecting qualified professionals for the job (Compton et al. 2014). It helps in reducing operating costs for an organization as it hires competent and motivated staff for the job, also reducing costs related to staff turnover. Furthermore, the recruitment and selection processes are carried out upon careful consideration of company’s annual budget and long-term goals. Henceforth, team members, performance appraisal ensuring an employee’s performance is at par with company’s expectations and performance appraisal helps in keeping the company’s productivity up (Abraham 2014). Therefore, SHRM teams, regularly administer employees’ performance, provide feedback and training, reward the high-performing employees, and take disciplinary actions when necessary. Furthermore, compensation & employee benefits involve all the elements of a pay package such as salary, incentives, leaves, etc. It is considered as one of the biggest motivating fact...
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Team Management Blog 7

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Content 1 Tuckman's five stages of development (Tuckman 1965). Video 1 Tuckman's five stages of development (Tuckman 1965). According to Professor Tuckman, there are five stages of small group development forming, storming, norming, performing, and adjourning (Tuckman, 1965; Tuckman & Jensen, 1977). "Forming" refers to the joining period to an organization or task when members familiarize themselves to the task and to Team Members. Moreover, after the novelty of the group has worn-off, the group moves to the second stage, otherwise known as "storming." This stage is characterized by conflict and polarization. Therefore, there may be competition among members and disagreement regarding procedures and formalities. And during the next stage, "Norming," members overcome resistance and become more cohesive, as "we are feeling" is developed (Maples, 1988). Therefore, Team Members work effectively with each other as new roles are adopted. In...
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Team Management Blog 6

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According to (Stein 2013), ‘‘Storming’’ is where conflict can occur within the team or externally and the team leaders and team management should find solutions to overcome these differences. However, the team must focus on the common goals when finding the solutions. Furthermore, rather finding the differences among each other if teams and groups focus on what they have in common such obstacles can be overcome.   Content 1 (Differences Between Group and Team Organizational Behavior 2020). Content 2 (Defining and Classifying Groups Organizational Behavior 2020). ‘’Subsequently, the concept of Human Resource had been founded with in the management of teams and economic literature over 200 years ago, and it has gained importance in the twentieth century from the work of (Schultz 1961), when  American economist found the importance of knowledge, skills, and abilities to national economic growth. Nevertheless, a s an economic theory, Human Resource Management challenged the noti...
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Team Management Blog 5

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Video 1 ‘’According to CIPID SHRM and Business Strategy article most organizations today recognize that people are fundamental to sustainable value creation, which is why Team Management is often referred to as a business's most important asset. Furthermore, individuals’ knowledge, skills and abilities are assets which the organization should invest in and use to create sustainable value for the organization and the various stakeholders’’ (Houghton 2020). According to an article in Massachusetts Institute of Technology, teams go through different stages of development and one of the best theories for a team's stages of development was implemented in the mid of 1960s by Bruce W. Tuckman. Although many authors have written variations and enhancements to professor's work, the descriptions of ''Forming, Storming, Norming, Performing and Adjourning'' provide a useful framework for looking at your own team. Furthermore, Tuckman’s stages of development assist team ...
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