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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Human Resource Management Mid-Term Exam Review Chapter 1 * Human Resources: people who work in an organization. Personnel * Human resource strategy: firm’s use of human resources to help it gain or maintain an edge against its competitors in the marketplace. Approach of an org. to ensure if effectively uses its people to accomplish its mission. * Human resource tactic: particular policy or program that helps to advance a firm’s strategic goal. * Types of Employees *
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should elevate HR to a position of power and primacy in the organization‚ and make sure HR people have the special qualities to help managers build leaders and careers.” (Jack Welch 2005: 98) Surviving in this era of globalization‚ organizations face varying degree of challenges to remain relevant and to obtain that ‘extra’ competitive edge. In doing so‚ HR managers play a vital role in ensuring that strategies adopted by the organization are fully supported. The challenges faced by HR managers in
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about becoming a Human Resources Manager. In my current role I am an Office Manager‚ where I focus on the basic aspect of the human resource field. I would like to further my career in this field since there are so many. I plan on becoming a HR manger and/or HR director. With the extremely high competition in the business world‚ corporations are looking to recruit the best and the brightest in employees. To keep these employees happy and to reduce huge turnovers‚ companies have relied on human
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The HR Professional Assignment 2 – HR Competency Assessment Jacquie Walton Word Count: 1519 Introduction Thank you for the opportunity to present a HR competency assessment to assist in filling a vacancy for a strategic generalist HR Manager in the SME Organisation. Organisational Context SME’s business aim is to foster an environment that is competitive‚ self-reliant and innovative in an organisation that provides service support to clients worldwide. I understand that the HR Manager
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relationship of the employees within the organization as well as the principals of HRM policies covered. 1.4 Source of Data: Both primary and secondary data have been collected. WE have gathered primary data by personal interview of the Executives of HR Department of Square Textile Ltd. Mainly we have discussed with them verbally over telephone. We collect information from them and from their official websites. We used journals‚ brochures‚ manuals and several books on Human Resources Management to
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complete HR department‚ indicating each HR unit. For each HR unit‚ provide typical roles/responsibilities and job titles. Provide a typical organization chart of a typical HR department‚ not for Motors and More. Given the size of Motors and More‚ indicate which jobs you would combine to reduce the number of employees in HR. Provide new job titles and organization chart for Motors and More HR department. Given this change‚ indicate the total number of staff for each HR area. Indicate what HR practices
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Riordan Manufacturing: Analysis of HR System University of Phoenix BSA/375 Riordan Manufacturing‚ a Fortune 1000 company‚ is a plastics manufacturer based out San Jose‚ California‚ with additional facilities located in Hangzhou‚ China; Pontiac‚ Michigan; and Albany‚ Georgia. The company was founded by Dr. Michael Riordan in 1991 and has grown exponentially over the past three years‚ with recently projected annual earnings of $46 million and revenues in excess of $1 billion. Despite the
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Some statistics regarding oil sector in India • Challenges faced by the oil sector in India • ONGC Limited 1. Introduction 2. Composition 3. SWOT Analysis of ONGC 4. PEST analysis 5. Matrix showing the risks • Conclusion • References Overview of the Oil Industry In current scenario there is one section in economy which is really hot and boiling and it is oil sector. With crude oil at $146 per
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A number of firms are changing the way the functions are performed. For example‚ some companies are restructuring HR for reasons‚ such as time pressures‚ financial considerations‚ and market pressures. This restructuring often results in a shift in terms of who performs each function. Organizations still perform the majority of a firm’s HR functions inside the firm. Adjusting to HR restructuring trends—who performs the human resource management tasks? 2. The traditional human resource manager continues
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