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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produce good results but also tend to stay with the organisation longer. In such circumstances‚ the organisation’s initial and ongoing investment in them is well rewarded. An organisation may have all of the latest technology and the best physical resources‚ but if it does not have the right people it will struggle to achieve the results it requires. This is true across the whole spectrum of business activity e.g. schools‚ hospitals‚ legal practices‚ restaurants‚ airlines‚ and insurance companies.
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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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MARGINAL COSTING Introduction Even a school-going student knows that profit is a balancing figure of sales over costs‚ i.e. Sales - Cost = Profit. This knowledge is not sufficient for management for discharging the functions of planning and control‚ etc. The cost is further divided according to its behavior‚ i.e.‚ fixed cost and variable cost. The age-old equation can be written as: Sales - Cost = Profit or Sales - (Fixed cost + Variable Cost) = Profit. The relevance of segregating costs
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2.1. Analyze the need for human resource planning‚ the information required and the stages involved in this process Human Resource planning is the assessment of HR requirements and time and stages of requirement. It is to obtaining the right numbers and kinds of people at the right time to fulfil organizational needs (Burach & Mathys‚ 1980 cited in Diamante & Ledesma-Tan book‚ p. 37) Human resource planning is important and on-going because of the changes and trends that are happening.
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Content Page 1. Introduction 1.1 Competitive Strategy 2. Discussion and Analysis 2.1 Training and Development 2.2 Performance Management 2.3 Pay Structure Decision 3. Conclusion 1. Introduction BreadTalk Group Limited is founded as a food and beverage operator in Singapore on July 2000 and listed on the Singapore stock exchange in 2003. It has vastly expanded to become a distinctive household brand enterprise that has established its name on the international
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program is to ________. A) assess the program’s successes or failures B) design the program content C) conduct a needs analysis D) train the targeted group of employees 3) What is the second step in the training process? A) assess the program’s successes or failures B) present the program to a small test audience C) design the instructional content D) conduct a needs analysis 4) James is currently identifying the specific job performance skills needed‚ analyzing the skills of prospective
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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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candidate and other employment procedures. This set of policies also benefits current employees who refer applicants to your business. Training and Professional Development • Provisions for employee training and development are included in human resource policy documents because it informs employees of the kind of professional development available to them. In addition‚ policies related to training and development assistance in the formulation of employee development plans or performance improvement
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APPENDIX A: ASSIGNMENT COVER SHEET (SAMPLE) ASSIGNMENT COVER SHEET | Surname | Bradshaw | First Name/s | Lesa Jane | Student Number | 117943 | Subject | Human Resource Management | Assignment Number | 1 | Tutor’s Name | Dr S. R. Ramdial | Examination Venue | Durban | Date Submitted | 04th September 2011 | Submission (√) | First Submission | | .resubmission | | Postal Address | P O Box 689 | | LINKHILLS | | 3652 | | KwaZulu-Natal
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