company. Second‚ it will consider the strategic HRM focus and the general blueprint that IBM has developed for its workforce. Third‚ it will outline a variety of HRM practices in the fields of knowledge management‚ compensation and HRM effectiveness. 2. IBM Business Model 2.1 Customer Value Proposition At the core of its business stands IBM’s desire to help clients to become more innovative‚ efficient and competitive through the application of business insights and IT solutions (10 K-filing 2011)
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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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Should organizations outsource human resource activities? MGT 249 – Human Resources Management What are outsourcing benefits? Outsourcing is the contracting out of a business process‚ which an organization may have previously performed internally or has a new need for‚ to an independent organization from which the process is purchased back as a service. Though the practice of purchasing a business function instead of providing it internally is a common feature of any modern economy‚ the term
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ancient Greece‚ India or china. The philosophy of managing human being‚ as a concept was found developed in ancient literatures in general and in Indian philosophy in particular. Personnel functions: Till 1930s‚ it was not felt necessary to have a separate discipline of management called “Personnel management”. In fact‚ this job was assigned as part of the factory manager. Adam Smith’s concept of factory was that it consists of three resources‚ land‚ labour and capital. This factory manager is
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Planning for the personnel needs of an organization based on internal activities and external environment * How many people? What sort of people? Definitions: * HRP determines the human resources required by the organization to achieve its goals. It is “the process of ensuring that the human resource requirements of an organization are identified and plans are made for satisfying those requirements” – Bulla & Scott. * It is the process‚ “including forecasting‚ developing and controlling
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organization. (personal.kent.edu) WHY IS RECRUITMENT IMPORTANT? Successful‚ efficient recruitment‚ benefits organisations in that it increases it chances of gaining and thus increasing the ever important economic theory of the human capital factor. (Mullins‚ 1999) The human capital theory suggests that education or training raises the productivity of workers by imparting useful knowledge and skills‚ hence raising workers’ future income by increasing their lifetime earnings (Becker‚ 1964). One of
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Human resources is a “resource for humans” in the workplace. The HR department manages employees within the organization; there are many responsibilities in this department. HR may also act like a “middleman” between the employees and management. Human Resources handle many issues pertaining to the employees who work for the company. A manager will oversee department functions and manages employees within the department. They must be a knowledgeable human resources point of contact in this department
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1. Introduction of Study: Human Resource Development (HRD) at micro level or organizational level is a process by which employees of an organization are helped in systematic and continuous way to: Develop their personal and organizational skills‚ knowledge and abilities. Human Resource Development includes such opportunities as employees training‚ employee career development‚ performance management and development‚ coaching‚ succession planning‚ key employee identification‚ tuition assistance
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1. ________ are the resources that provide utility value to all other resources. 2. The term procurement stands for 3. The characteristics of human resources are ________ in nature 4. Identify the managerial function out of the following functions of HR managers. 5. Which of the following is an example of operative function of HR managers? 6. The scope of human resource management includes 7. Human resource management is normally ________
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of definitions applied to Human Resource Development (HRD). To demonstrate your understanding of HRD‚ use an essay format to critically discuss the following definition: HRD is a combination of structured and unstructured learning and performance based activities which develop individual and organisational competency‚ capability and capacity to cope with and successfully manage change. Introduction The field of Human Resource Development (HRD) is embroiled
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