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

The Subway - Essay Example Overlooking Employee Needs and Expectations 8 b. Deficiency 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 submarine sandwiches along with broad assortment of fast-food products. Currently, the organisation 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 research is â€Å"Critically analyse the â€Å"ineffectiveness of employee's compensation & benefits at Sub way in Singapore.† ... In this context, the Human Resource (HR) policies of the organisations are often recognised to provide incomplete or insufficient beneficial aspects to their staff members. Therefore, the rationale 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 Review 2.1 Introduction to Literature Review Armstrong (2011) critically stated that the offering of an adequate compensation package or any financial incentive 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 present HR policies practiced by Subw ay, it can be affirmed that the organisation should highly focus on providing justifiable compensation facilities to the employees in order to increase its overall business performance and willingness towards attaining the organisational goals. This particular practice can help the organisation in building 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 within various organisations. The study has analytically demonstrated that effective practice of compensation facilitates an organisation to gain numerous financial and operational