1Running head:COMPENSATION ANALYSISCompensation analysis for HR managersNameName of institutionProvide a comprehensive analysis of the role of Human Resource (HR) managers incompensation and performance appraisal. In your answer, discuss the following aspects:1.Reflection of HRessential functionsin compensation and performance appraisal,including performance evaluation systems like self-appraisals, 360-degree feedback, andothers.2.Different performance appraisal (PA) methods, their application, and relevance inmeasuring employee performance.3.Compensation strategiesand their significance in motivating employees, consideringboth financial and non-financial benefits.4.Internal and external factorsinfluencing compensation decisions and strategies.5.Engagement and motivational challengesHR faces while fostering employeecommitment, including different types of commitment such as affective, continuance, andnormative commitment.6.Performance metrics and handling employee deficienciesin performance reviews.7.Training transfer modelsand how HR can facilitate the transfer of training into theworkplace.Please ensure your answer includes a detailed discussion of each point and supports youranalysis with practical examples from organizations. The total word count for this assignmentshould be between 2000-2500 words.
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