Strategies for Improving Human Resources Performance in a Business

The video discusses strategies businesses can use to enhance human resources performance. It covers financial incentives, creative strategies, coordination strategies, and employee share schemes. Financial incentives focus on rewards to boost motivation, while creative strategies aim to empower employees. Coordination strategies enhance communication and innovation, exemplified by Google's 20% program. Employee share schemes offer equity stakes to motivate and retain staff.

What is a key challenge businesses face when implementing HR strategies?

• High competition in the market

• Lack of financial resources

• Inadequate technology

• Sensitivity of workers to changes

Which theory suggests that workers are primarily motivated by financial incentives?

• McGregor's Theory X and Theory Y

• Taylor's Scientific Management

• Herzberg's Two-Factor Theory

• Maslow's Hierarchy of Needs

What is performance-related pay?

• Pay based on the number of hours worked

• Compensation linked to the results produced

• A bonus given at the end of the year

• A fixed salary regardless of performance

How can businesses empower employees according to the creative strategies discussed?

• By offering them higher salaries

• By reducing their responsibilities

• By providing them with more autonomy

• By increasing their workload

What role does feedback play in creative strategies for HR improvement?

• It fosters better employer-employee relations

• It creates a competitive environment

• It increases the workload of managers

• It demotivates employees

What is intrapreneurship?

• Encouraging employees to start their own businesses

• Promoting innovation within the company

• Hiring external consultants for new ideas

• Focusing solely on financial incentives

How can pseudo-coordination strategies benefit a company?

• By focusing only on top-level management

• By eliminating the need for meetings

• By reducing employee workload

• By improving communication between managers and workers

What is the purpose of employee share schemes?

• To provide employees with a fixed salary

• To give employees a stake in the company's success

• To increase the company's market share

• To reduce the number of employees

How do share option schemes motivate employees?

• By offering immediate cash bonuses

• By allowing them to acquire shares at a lower price

• By providing free company products

• By reducing their working hours

What is a potential benefit of employee share schemes for the company?

• Enhanced employee motivation and productivity

• Higher absenteeism rates

• Reduced company profits

• Increased employee turnover