This document discusses talent management and socialization of new employees. It defines employee value proposition as the set of intrinsic and extrinsic benefits employees receive in return for their skills. Intrinsic benefits include learning and meaningful work, while extrinsic benefits are pay, bonuses, and discounts. The document outlines the phases of socializing new employees, including anticipatory, encounter, and settling in phases. Effective socialization through group activities can enhance loyalty, reduce turnover, increase job satisfaction, and boost organizational commitment.
This document discusses talent management and socialization of new employees. It defines employee value proposition as the set of intrinsic and extrinsic benefits employees receive in return for their skills. Intrinsic benefits include learning and meaningful work, while extrinsic benefits are pay, bonuses, and discounts. The document outlines the phases of socializing new employees, including anticipatory, encounter, and settling in phases. Effective socialization through group activities can enhance loyalty, reduce turnover, increase job satisfaction, and boost organizational commitment.
This document discusses talent management and socialization of new employees. It defines employee value proposition as the set of intrinsic and extrinsic benefits employees receive in return for their skills. Intrinsic benefits include learning and meaningful work, while extrinsic benefits are pay, bonuses, and discounts. The document outlines the phases of socializing new employees, including anticipatory, encounter, and settling in phases. Effective socialization through group activities can enhance loyalty, reduce turnover, increase job satisfaction, and boost organizational commitment.
This document discusses talent management and socialization of new employees. It defines employee value proposition as the set of intrinsic and extrinsic benefits employees receive in return for their skills. Intrinsic benefits include learning and meaningful work, while extrinsic benefits are pay, bonuses, and discounts. The document outlines the phases of socializing new employees, including anticipatory, encounter, and settling in phases. Effective socialization through group activities can enhance loyalty, reduce turnover, increase job satisfaction, and boost organizational commitment.
Employee Value Proposition is the unique set of benefits which an employee receives in return for the skills, capabilities and experience they bring to a company. It is a balance between the intrinsic (non-monetary) and extrinsic (monetary) rewards receive. List some of the intrinsic & extrinsic rewards. Intrinsic Extrinsic
Employee-employer Base pay
engagement Bonus Continuous learning Benefits Meaningful work discounts Personal appreciation Deployment Assigning talents to appropriate job, roles and department in the organization Socialization process of familiarizing newly hired and newly promoted with their jobs, groups and environments Socialization takes time, but the investment pay off in: Higher commitment Faster productivity Higher performance Phases of Socialization 1. Anticipatory socialization Interaction with representatives of the organization before entering the organization. 2. Encounter Receive training & begin learning about the companys culture. 3. Settling in Begin feeling comfortable with their jobs & work relationship. Outcome of socialization Socialization as a group, using formal activities in a predetermined order within a specified time frame, giving access to role models and mentors, & providing social support can: Enhance loyalty Reduce turnover
Increase job satisfaction
Increase commitment to the organization
Group activity: Thinking Ethically
Is a policy of not hiring smokers ethical?
Who is affected by decision not to hire smoker? Especially in hospitals Health cost Taking breaks to smoke Smell of smoke on clothing