Glossary of HR terms Term Absolute ratings Definition A rating method where the rater assigns a specific value on a fixed scale to the behavior or performance of an individual instead of assigning ratings based on comparisons between other individuals. The Accident Compensation Corporation Accident compensation Affirmative action Also : Positive discrimination. Carried out on behalf of women and disadvantaged groups and members of such groups are placed in dominant positions. Appraisal Attrition
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Chapter Two HRM Roles at Different Level The roles‚ functions and strategies of HRM are many and varied‚ and depend heavily on the nature of organizations‚ the vision and skills of practitioners‚ and changes in the external environments of organizations. These aspects will be discussed in greater detail in subsequent chapters‚ but such features as organizational size‚ history and ownership‚ government legislation and political factors have a significant impact on the ways in which practitioners
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performance‚ we found that most traditional HR metrics—such as employee turnover rate‚ average time to fill open positions‚ and total hours of training provided—don’t predict organizational performance. (One important exception is training expenditure per employee‚ as we described in our Forethought article “How’s Your Return on People?” HBR March 2004.) After selecting the HCM best practices that had been previously identified in organizational-development‚ HR‚ and economics
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changes by scheduling a mandatory company meeting. At the meeting‚ JetPack employees should be given a copy of the new policy. The new policy should be explained in detail and any questions from employees should be answered by company managers or the HR department. 2. What effect will a pay-per-performance salary policy have on employees? Explain. The Pay-per-performance salary policy will raise productivity among the employees at JetPack Electronics. It will also lower the labor costs at JetPack
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Managerial Competence within the Hospitality and Tourism Service Industries “Excellent reading and source of knowledge for researchers and business practitioners who deal with the issue of managing culturally diverse workforces in the domestic or international setting.” – Henri Jolles‚ European School of Management‚ France “A ground breaking research culminating in a new paradigm of managerial excellence on global managment” – Dr Willem Arthur Hamel‚ Chairman‚ Maximilian Press Publishing Company
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Core competencies an essential method for the company. It helps to develop the competitive advantage over other companies. The actual sources of advantage are to be found in the management’s capability to combine business varied technologies and production skills onto competencies that authorize and enable individual businesses to adapt rapidly to shifting opportunities. In short‚ core competencies are the combined learning in the organization‚ particularly how to organize various production skills
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Human Resource Management (HRM) is defined as a management function that deals with the recruitment‚ management‚ and development of employees in order to maximize their potential and roles in the company or organization. Not only is it utilized in personnel management but also in manpower‚ organizational‚ and industrial management. It is previously referred to as personnel management. Its functions include: Job analysis and planning‚ determining the specific personnel needs of a certain job.
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HR SWOT Examples mainly in Recruitment The SWOT Analysis commonly used tool for identifying gaps and potential for improvement. The SWOT Analysis is very easy to conduct and the explanation of the whole exercise does not consume a lot of time. The SWOT Analysis was first used by the marketing guys so it is really a very simple tool. In HRM Management the HR SWOT Analysis is used mainly in the following areas: recruitment talent management The HR SWOT Analysis is the most
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which come under rewards and succession planning. In this assignment I chose IKEA as a company to illustrate the activities of the human resource department. Choosing IKEA was for their reputation in term on effectiveness in the application of the HR principles‚ and their reputation for being a company that people want to work for. Also to discuss some of the issues
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the resignation letter on his table‚ shouted and walked out of the room swiftly. Navin has reason for his sudden outburst. He has been driven to the wall. Perhaps details of the story will tell the reasons for Navin’s bile and why he put in his papers‚ barely four months after he took up his assignment. The year was 2005 when Navin quit the prestigious Sail plant at Mumbai. As a manager material Navin enjoyed the power. He could even place an order for materials worth Rs 25 lakh. He needed
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