The Subway Essay Example | Topics and Well Written Essays - 2750 words

The thermionic valve - Essay ExampleOverlooking Employee Needs and Expectations 8 b. lack in Complying HRM Policies 9 c. Avoiding Ethical Norms 10 2.5 Conclusion 10 2.5.1 Summary 10 2.5.2 Practical Implications 11 2.5.3 Research Implications 11 References list 13 1. Introduction 1.1 Background of the Company Founded in the year 1965, Subway is regarded as one of the biggest American based fast-food restaurant franchisers, which is primarily renowned for its exceptional deliverance of slip sandwiches along with broad assortment of fast-food products. Currently, the face is operating its business in 103 global nations with 40,975 numbers of fast-food outlets that correspondingly serves millions of customers (SUBWAY 2013). 1.2 Research Title, Question and Objectives Emphasising the current business practices along with various business functions of the organisation i.e. Subway, the title of this query is Critically analyse the ineffectiveness of employees compensation & benefits at Subway in Singapore. ... In this context, the Human alternative (HR) policies of the organisations are often recognised to provide incomplete or insufficient beneficial aspects to their staff members. Therefore, the precept of this research can be determined based upon critically assessing the importance of compensation and benefits that can be regarded as major elements of Human Resource Management (HRM) of an organisation. 2. Literature check into 2.1 Introduction to Literature Review Armstrong (2011) critically stated that the offering of an adequate compensation package or any financial inducing can build a productive relationship between the organisations and their respective employees. Therefore, the organisations must need to be ensured providing justifiable compensation and employee benefits. The process would significantly support the employers along with the employees to gain substantial support in attaining considerable growth (Armstrong, 2011). In relation to the pr esent HR policies practiced by Subway, it can be affirmed that the organisation should highly focus on providing justifiable compensation facilities to the employees in order to sum up its overall business performance and willingness towards attaining the organisational goals. This particular practice can help the organisation in build a strong along with an effective relationship with its employees, resulting in lessening employee turnover rates of the organisation at large. The study of Berber & et. al. (2012) provided a major rationale in determining the role of compensation and benefits deep down various organisations. The study has analytically demonstrated that effective practice of compensation facilitates an organisation to gain numerous financial and operational