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Arguments - resource based view - the value of resources depends on several factors - are good people rare? Yes depending on the economy - are good people inimitable? Yes because they create history‚ they create culture‚ they make numerous small decisions-> none of these can be copied -Case Studies - examine companies that do well/struggle financially to see if they do good/poor job managing HRM - Container Store -Quantitative Studies - look at companies
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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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THE NEED FOR HUMAN RESOURCES Of all the resources used by a business‚ probably the most important to its success is people. People are responsible for the effective use of all other resources in the business. People make decisions‚ operate equipment‚ maintain records‚ and deal with customers. Because of their value to the business‚ managing people is a critical function. All managers work with people. However‚ human resources management (HRM) consists of all activities involved with acquiring
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Human resources in Russia: The greatest opportunity‚ the greatest challenge A report from the Economist Intelligence Unit Sponsored by 1 Contents Russian human resources today The best in the world? Educated and cultured Quality is deteriorating at the margins Which are the difficult positions to full? 3 3 3 4 6 Salaries – what do you pay? The role of pay in staff motivation Competition for talent forcing pay rises The battle with HQ The dollar peg: weak US dollar – what currency
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INSTITUTE OF HOTEL MANAGEMENT‚ AURANGABAD “Comparatively explain & discuss the Training & Development – HRM aspects of Indian hotel industry v/s multinational corporations (MNC’s)” HOSPITALITY HUMAN RESOURCE MANAGEMENT Suraj Pahwa (H-18086) “Submitted in Fulfillment of the Requirement for BA (Hons.) in Hotel Management” The University Of Huddersfield‚ UNITED KINGDOM December 2011 Declaration I hereby declare that this project is a result of my own collective efforts
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Human Resource Management | | | * Historical perspective of Human Resource Management – From personnel management to Human Resources Management * Human Resource Management and Social Justice for Welfarism * Human Resource Management and Bureaucracy * Human Resource Management and Union-Negotiation * Human Resource Management and Organization * Human Resource Management Perspective A) Historical perspective of Human Resource Management – From personnel management
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Human resource management is one of the most important aspects of creating and maintaining a successful organization. The human resource is the number one resource within a company as people are the ones who maintain‚ expand‚ and can conceivably destroy a company. Companies that recognize the value of hiring‚ managing‚ evaluating‚ maintaining‚ and growing employees are most likely to have effective‚ cost-efficient organizations. Human resource management is a constantly changing landscape that will
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DIPLOMA IN MANAGEMENT STUDIES TABLE OF CONTENTS PAGES INTRODUCTION 3-3 REPORT CONTENT TASK 1‚ SOURCES OF FINANCE Identify the sources available to the Business 4-4 Implications of different Sources of Finance 5-10 Choosing the appropriate source of finance for the business 10-10 TASK 2‚ FINANCE AS A RESOURCE 2.1 Assessing and comparing the cost of selected sources of Finance 11-12 2.2 Importance of Financial Planning 13-13 2.3 Information needs of different decision makers 14-15 TASK
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Introduction Human Resource Management (HRM) is the function within an organization that focuses on recruitment of‚ management of‚ and providing direction for the people who work in the organization (Heathfield). It involves management decisions related to policies and practices which together shape the employment relationship and are aimed at achieving individual‚ organizational and societal goals (Boselie 2009). Human resource practices are designed and implemented by both HR professionals and
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