"Roles of HRM" Roles of HRM Pepper K. Metoyer Grantham University Function 1: Manpower planning It has been proven that there are penalties for not being correctly staffed. When a company is either understaffed‚ or overstaffed‚ it can become costly‚ as well as detrimental to the welfare of the company and its employers‚ and employees. a. Understaffing can have a company lose its business economy‚ specialization‚ orders‚ customers and profits. b. Overstaffing can be wasteful
Premium Human resource management Employment Recruitment
Human Resource is the most important asset of an organization The importance of human resource (HR) can be explained through the analogy of a motorcycle. A motorcycle can’t run on its own without the function of its many parts. It needs to be serviced regularly‚ the parts oiled and sometimes‚ talking to it‚ helps in running of your motorbike. Trust me (I myself‚ own a Vespa). Ignorance of its squeaky brake pads‚ almost thread less rear tyres could hamper the
Premium Asset Human resource management Human resources
Jamal Sneed Eng 101-512 The value of a college education in the 21st century depends on why the person is attending in the first place. For some it’s a family tradition‚ their fathers‚ fathers went to college and so the tradition should continue. Which would make the the value in this case acceptance from ones family. Others have no Idea what they want out of life but hope college is the place to find it.
Premium 21st century Higher education 2007 albums
Function of Human Resource Management: The main function of human resource management is classified into two types: (a) Managerial Function; (b) Operative Function. (a)Managerial Function: Following are the managerial function : (1)Planning: The planning function of HRM dept. pertains to the steps taken in determining in advance personnel requirements‚ personnel programmes‚ policies etc. (2)Organization: Under organization‚ the human resource manager has to organize the operative functions by
Premium Human resource management Management Human resources
THE ADVANTAGES AND DISADVANTAGES OF LIVING IN THE 21ST CENTURY Living in the 21st century offers certain formal gowns dresses advantages‚ such as a higher standard of living‚ but it also has some disadvantages‚ such as a polluted environment. To begin with‚ most people now have more money for less hard work. They earn higher salaries than before and enjoy better social security‚ such as social welfare for laid-off workers and disability insurance. Secondly‚ because of the advance in medical technology which
Premium 21st century Environmentalism
understanding of its underlying principles. Here we look at how it matters as a performance measure - which is distinct from a wealth metric - and how it is closely related to market value added (MVA). Finally‚ in establishing an overall picture of economic profit‚ we help you undo any perceived complexity by showing how all of the calculations surrounding economic profit originate from three main ideas. Economic Profit Is a Performance Metric To understand economic profit‚ it helps to distinguish
Premium Discounted cash flow Generally Accepted Accounting Principles Weighted average cost of capital
Erik Ottosson & Fredrik Weissenrieder‚ 1996-03-01 CVA Cash Value Added - a new method for measuring financial performance Erik Ottosson Strategic Controller Svenska Cellulosa Aktiebolaget SCA Box 7827 S-103 97 Stockholm Sweden Fredrik Weissenrieder Department of Economics Gothenburg University and Consultant within Value Based Management FWC AB Aschebergsgatan 22 S-411 27 Göteborg Sweden Study No 1996:1 CVA Cash Value Added – A new method for measuring financial performance Erik Ottosson
Premium Net present value
Value added tax (VAT) in theory avoids the cascade effect of sales tax by taxing only the value added at each stage of production. For this reason‚ throughout the world‚ VAT has been gaining favour over traditional sales taxes. In principle‚ VAT applies to all provisions of goods and services. VAT is assessed and collected on the value of goods or services that have been provided every time there is a transaction (sale/purchase). The seller charges VAT to the buyer‚ and the seller pays this VAT to
Premium Value added tax Tax Revenue
HRM Function The role of human resource management is to plan‚ develop and administer policies and programmes designed to make expeditious use of an organisation’s human rusources. It is that part of management which is concerned with the people at work and with their relationship within an enterprise. The major functional areas in human resource management are: 1. Planning‚ 2. Staffing‚ 3. Employee development‚ and 4. Employee maintenance. A brief description of usual human resource functions are Human
Premium Management Human resource management Human resources
HOSPITALITY SERVICES IN INDIA IN THE 21ST CENTURY TERM PAPER REPORT August 2009 Table of Contents 1. Marketing 5 2. Evolution of Marketing 5 3. Recent Marketing Trends 6 4. Services Marketing 6 4.1. Intangibility 7 4.2. Heterogeneity 7 4.3. Perishability 7 4.4. Simultaneity/Inseparability 7 5. Services Marketing: How is it different? 7 6. Services Marketing challenges in the 21st Century 8 6.1. Change
Premium Marketing