What Are The Difference Between Storey's Definitions Of Performance Management

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Register to read the introduction… Compare the differences between Storey’s definitions of HRM, personnel and IR practices and identify and justify the right practices for Excel Accountancy. c. Assess the implications for line managers and employees of developing a strategic approach to HRM.

2. Assume that you had been invited by the Managing Director for a Board Meeting to discuss the company’s new strategy to turnaround the business and in that meeting lot of discussions and arguments were going on and the meeting was ended without a right solution for certain issues. The MD has approached you to help him to clarify the following statements, shared by some of the directors at the meeting, as he is in total confusion.
You are required to analyze the validity of the above statements and justify your arguments with relevant recommendations.
a. “As we do not have suitable performance management system we can’t clearly identify employees’ contribution towards the corporate goals and objectives. I believe that there are different method of performance management and we need to use a suitable method”
b.” Our main aim is to maximize profit and it is simply a waste of money providing welfare facilities to employees and further, welfare may not demonstrably have a positive effect on morale and

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