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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Executive summary There are various functions of human resources management and there are different approaches taken by the management in terms of managing the human capital. The soft and hard approaches are often implemented by different organisations depending on their structure. As such‚ this paper sought to compare these two philosophies in a bid to establish the advantage as well as disadvantages of each approach. A critical analysis of the case study of Toyota which uses the soft approach
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UNIT 1 i Human resource management in perspective Unit 1 BMG 511 Managing Human Resources Human Resource Management in Perspective ii WAWASAN OPEN UNIVERSITY BMG 511 Managing Human Resources COURSE TEAM Course Team Coordinator: En. Fakir Mohamed bin Omar Din Content Writer: Lalith Weeratunga‚ Senior Consultant‚ Postgraduate Institute of Management‚ University of Sri Jayewardenepura‚ Colombo‚ Sri Lanka Instructional Designer: Professor Dr. Ng Wai Kong Academic Members: Professor
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leading or directing‚ and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources‚ financial resources‚ technological resources‚ and natural resources. Management focuses on the entire organization from both a short and a long-term perspective. Management is the managerial process of forming a strategic vision‚ setting objectives‚ crafting a strategy and then
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I. Porter’s Five Forces Analysis of the Steel Industry & Firm Level capabilities analysis 1. Competition from substitutes Increasing substitutes in the form of plastics‚ aluminum and advanced composites. 2. Threat of Entry High barriers to entry in the integrated mill segment. However‚ with the mini-mills‚ the barriers are being lowered due to lower costs (a tenth of those in the integrated mills per ton of steel produced). 3. Competition from rivals Highly competitive since products are
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Human Resource Planning The process that connects an organization’s strategic plan with its human resource needs is called human resource planning. The process ensures that staffing needs are addressed to achieve the organization’s objectives. Human resource planning is important because it helps an organization maintain a competitive edge and retain employees. Human resource planning determines the supply and demand of employees‚ according to the needs and wants of the business and its customers
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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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TOPIC: CHAPTER SUMMARY (HUMAN RESOURCE MANAGEMENT) CONTENT TABLE TITLE | PAGE | TABLE CONTENT | 2 | CONTENT: | | 1.0 WHAT IS HUMAN RESOURCE MANAGEMENT? | 3 | 2.0 THE IMPORTANCE OF HUMAN RESOURCE MANAGEMENT | 3 | 3.0 ENVIRONMENT OF HUMAN RESOURCE MANAGEMENT 3.1 WORKFORCE DIVERSITY 3.2 GLOBALIZATION 3.3 LEGISLATION 3.4 UNIONS | 4 - 5 | 4.O HUMAN RESOURCE MANAGEMENT PROCESS 4.1 STRATEGIC HUMAN RESOURCE PLANNING 4.2 HUMAN RESOURCE PLANNING 4.3 STAFFING
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CASE STUDY #2 (read for Feb 26th) THE CROSS-CULTURAL ORGANIZATION: THE MULTICULTURAL MODEL Main problem = lack of transferability of American techniques to the rest of the world (Hofstede‚ 1980b)‚ mainly to European countries in this case Differences in power distance Different levels of achievement-based incentives Differences in work-related attitudes Objective focus on the management of differentiation across cultures in an international operation and to consider the issue of transferability
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THE INFLUENCE OF HUMAN RESOURCE MANAGEMENT ON ORGANIZATIONAL POSITIONING (A CASE STUDY OF GUARANTY TRUST BANK PLC‚ VICTORIA ISLAND‚ LAGOS) BY IKENGA‚ CHIKE PETER DECEMBER‚ 2013 CHAPTER ONE INTRODUCTION 1.1 Background to the Study This research attempts to analyze the influence of Human Resource Management on organizational performance by focusing on the relationship between three of Human Resource indicators on organizational performance‚ with the presence of incentives as moderator
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