Theories of HRM Equity theory Equity theory is a theory that attempts to explain relational satisfaction in terms of perceptions of fair/unfair distributions of resources within interpersonal relationships. Considered one of the justice theories‚ equity theory was first developed in 1963 by John Stacey Adams. Employees seek to maintain equity between the inputs that they bring to a job and the outcomes that they receive from it against the perceived inputs and outcomes of others. Equity theory
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Definition: 1. Human Resource Management (HRM‚ HR) is the management of an organization’s employees. While human resource management is sometimes referred to as a "soft" management skill‚ effective practice within an organization requires a strategic focus to ensure that people resources can facilitate the achievement of organizational goals. Effective human resource management also contains an element of risk management for an organization which‚ as a minimum‚ ensures legislative compliance. 2. Human Resource
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“Innovation forms the very core of the Basil Read offering.” Discuss how HR practices at Basil Read are aligned to support the use of technology throughout the organization. Human Resource Management practices at Basil Read are aligned to exploit the use of technology in all aspects of HR processes. Electronic Human Resource management (E-HRM) is the latest technology used in the HR department to transmit‚ store and process information digitally. E-HRM allows for information to be consolidated and
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Manpower planning and elaborate its objectives. Ans- Manpower Planning which is also called as Human Resource Planning consists of putting right number of people‚ right kind of people at the right place‚ right time‚ doing the right things for which they are suited for the achievement of goals of the organization. Human Resource Planning has got an important place in the arena of industrialization. Human Resource Planning has to be a systems approach and is carried out in a set procedure. The procedure
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The evolving nature of the economy has shift people’s attention to the term ‘Human Resource Management’. Human resource management according to Danny Samson refers to “the activities undertaken to attract‚ develop and maintain an effective workforce within an organization”(Samson & Daft 2005). Since human resource management it mainly dealing with workforce‚ employee motivation is one important component of this area. Employees’ level of motivation is a crucial component in determining a company’s
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Group Limited is founded as a food and beverage operator in Singapore on July 2000 and listed on the Singapore stock exchange in 2003. It has vastly expanded to become a distinctive household brand enterprise that has established its name on the international scale with its bakery‚ restaurant and food atrium footprints. Its portfolio comprises of several brands being BreadTalk®‚Ramen Play‚ Din Tai Fung‚Food Republic‚ The Icing Room‚ Toast Box and Carl’s Jr in China (Breadtalk‚ 2014). Bakery from BreadTalk
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Human resources management is a series of corporate human resource policy and management activities. These activities consist primarily of corporate human resources strategy development‚ staff recruitment and selection performance management‚ ‚training and development‚ compensation management‚ employee turnover management‚ employee relations management‚ employee safety and health management. : The use of modern management methods‚ (optional)‚ development (education)‚ keep (to keep people) and utilization
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Human Resource Development- The Heart of any Organization People are the real assets of an organization. If treated well they can take the organizations to commanding heights. Organizations are generally driven by a set of predetermined goals. They employ physical‚ financial and human resources in order to achieve the goals. These goals have no meaning unless people understand the underlying philosophy translate them into concrete action plans and put their heart while realizing the targets. Organizations
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The field of Human Resources is full of difficulties and challenges. The business world has large expectations that are continually changing. How can a Human Resources Manager complete the necessary tasks to run a competent department while become the strategic partner and advisor that it needs to be? There are many paradoxes within Human Resources; probably more so than with any other profession. As a Human Resources professional‚ I have come across paradoxes in my career. I have not yet been
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Human Resource Management Interview BMGT 332-001 March 19‚ 2001 Contents I. Introduction...............................1 II. Organization Information...................1 III. Background Information.....................2 IV. Role of Human Resources....................3 V. Performance Appraisals.....................5 VI. Closing....................................6 VII. Works Cited................................7 Introduction Human resource management is part of
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