SHIKHA MEHTA INNOVATIVE HR PRACTICES ABSTRACT In this era of cut throat competition ‚ a constant injection of new ideas keeps a company progressive and gives them an edge in the marketplace‚ especially in today’s global marketplace. It is only the innovations that provide company opportunities to gain competitive advantage over its competitors. As globalization advances and we move into the information age‚ organizations need to adapt to the changes in technology and the changing issues
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The main purpose of this article is to define the five major challenges in HRM. With the constant employee demands and constant negative consequences for employees‚ there has always been a need to satisfy them and provide them with benefits. HRM or human resource management is what looks into these types of issues and it focus on managing them efficiently and appropriately. The goal of this process addresses the most beneficial way to support employees while achieving results. Due to that
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1. What distinguishes personnel economics from labour economics? Personnel economics is the narrow sub-discipline of economics studying the internal personnel workings of the organization where labour economics is a sub-discipline of economics studying the interaction of various actors (employees‚ non-workers‚ organisations and governments) in the labour market and of broad labour market processes and outcomes. 2. What insights may economic models bring to bear
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CASE IBM : Restructuring The Sales Force In 1993‚ IBM’s Board of Directors decided the time was right for dramatic action. The once proud company had seen its sales fall from almost $69 billion in 1990 to $64‚5 billion in 1992. In the same period‚ profits plunged from $5‚9 billion to a loss of $4‚96 billion. In April 1993‚ the Board hired Louis V. Gerstner‚ Jr. to serve as its new Chairman and Chief Executive Officer and to turn the company around. Just three months into the job‚ Gerstner announced
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Challenges in Strategic Human Resource Management Human Resource Management Set of tools to (1) Recruit employees‚ form and organise their professional careers‚ and (2) Ensure that employees are assigned to do the adequate tasks and that the overall performance of the administration is aligned well with the general and particular objectives that it seeks to accomplish. Major Factors Affecting HRM (i) Demographics and Diversity (ii) Technological Advancement (iii) Globalization Issues
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SOC3116- March 6th Social networks- Learning objectives: 1. To highlight that (social) networking is both a response to the result of the techs that we have at our disposal. 2. To recognize that todays networks have tremendous economic value that flows to other rather than the network. 3. To underscore that contemporary social networks provide industry with an abundance of info about us-info that we are often perceive as private or personal. Identify article in first sentence
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I. INTRODUCTION 1.1 JOB SATISFACTION Job satisfaction describes how content an individual is with his or her job. The happier people are within their job‚ the more satisfied they are said to be. Logic would dictate that the most satisfied (“happy”) workers should be the best performers and vice versa. This is called the "happy worker" hypothesis. However‚ this hypothesis is not well supported‚ as job satisfaction is not the same as motivation or aptitude‚ although they may
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Employee Engagement Research Update January 2013 Beyond the numbers: A practical approach for individuals‚ managers‚ and executives Contents Executive summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 What is engagement anyway? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Findings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Intent
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voluntarily. 1. Work environment became turmoil. 2. The company continue downsizing 3. Ford and GM will give every single hourly employee a buyout “offer‚” while the number of Chrysler workers being encouraged to leave will also be substantial. 4. More bribes & many jobs are a vicious. • In general what are some of the unique challenges in retaining values talent at the same time an organization is downsizing across the board? 1. Pay for its employee loyalty 2. Fat bonuses.
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About ITC ltd ITC is one of India’s foremost private sector companies with a market capitalisation of US $ 35 billion and a turnover of US $ 7 billion. ITC is rated among the World’s Best Big Companies‚ Asia’s ’Fab 50’ and the World’s Most Reputable Companies by Forbes magazine and among India’s Most Valuable Companies by Business Today. ITC ranks among India’s ’10 Most Valuable (Company) Brands’‚ in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia’s
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