FINDING AND KEEPING THE BEST EMPLOYEES LEARNING GOALS After you have read and studied this chapter‚ you should be able to: 1. Explain the importance of human resource management and describe current issues in managing human resources. 2. Illustrate the effects of legislation on human resource management. 3. Summarize the five steps in human resource planning. 4. Describe methods companies use to recruit new employees and explain some of the issues
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Monitor Employees’ Social Networking Activity Revealed in a new Deloitte survey‚ many businesses want to be able to monitor their employees’ social networking activity on sites such as MySpace‚ Facebook‚ and Twitter. The main problem with this idea stems from employers wanting to monitor this activity on a subordinate’s off time. BusinessWeek reported that companies want to make sure that their hard-earned reputation stays solid and meaningful‚ rather than seeing a bunch of employees express
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„Microeconomics” How entrepreneurs optimize costs of production. Unfortunately‚ the economy hasn’t improved in last few recession years. It is so difficult to live thru these hard times when the recession is overtaking whole worlds businesses. Companies now need to aggressively cut their costs. It’s a survival issue. It is not easy to compete in the market today. Rising prices‚ shifting fuel rates‚ global competition and varying labor rates around the world have made cost control very important in nowadays
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Exercise 1 The research problem I intend to address in my thesis is‚ ‘What motivates employees to achieve better performance at work?’ The question of motivation has long been a central concern in organizational psychology‚ while performance itself remains elusive to measure and improve. As the world enters the second year of the most challenging recession since 1929‚ the time is ideal to consider ways in which productivity can be ramped up as a way of expanding GDP. Frederick Herzberg’s
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A stakeholder is an individual‚ group‚ or organization who may be affected by or perceive itself to be affected by a decision‚ activity‚ or outcome of a project (Larson & Gary‚ 2014). Stakeholders can be internal or external and can be entry level to CEO of a business. A Stakeholder can influence the project‚ and can shape it early on in the project. These people can make sure that there are resources available that contribute to the project success. The stakeholders include owners and shareholders
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WHO ARE YOUR STAKEHOLDERS? WHAT ARE YOUR RESPONSIBILITIES TOWARDS EACH OF THE STAKEHOLDERS? Groups / individuals that are affected by and/or have an interest in the operations and objectives of the business Most businesses have a variety of stakeholder groups which can be broadly categorised as follows: Stakeholder groups vary both in terms of their interest in the business activities and also their power to influence business decisions. Here is a useful summary: Stakeholder Main Interests
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The Stakeholder Theory Charles Fontaine Antoine Haarman Stefan Schmid - December 2006 - Stakeholder Theory of the MNC Index 1. Introduction ........................................................................................3 2. Basic idea of the Stakeholder Theory and Definition ....................3 2.1. 2.2. 2.3. 2.4. 2.5. The stakeholder concept – popular and trendy..........................................................................4 Different definitions of Stakeholder
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LENDING TO PRIORITY SECTOR At a meeting of the National Credit Council held in July 1968‚ it was emphasised that commercial banks should increase their involvement in the financing of priority sectors‚ viz.‚ agriculture and small scale industries. The description of the priority sectors was later formalised in 1972 on the basis of the report submitted by the Informal Study Group on Statistics relating to advances to the Priority Sectors constituted by the Reserve Bank in May 1971. On the basis
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Chilean Cooper Mine cave in 2010 trapping 33 workers for 17 days 2‚300 feet underground was a tragic accident that they could have been prevented if the company would have had a strategic business plan in place for this type of crisis ("Chile Mining Accident (2010)"‚ 2011). A crisis management plan is crucial to have in a mining company‚ but every company large or small should have one. No business plans on encountering a situation that cause’s a disruption in their day to day business or laws suits
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| | Human Resources | General Electric (GE) is a true global company with presence in more than 100 countries. Clearly‚ with a workforce of more than 320’000 employees‚ GE also has to have proper human resources processes established. Its dynamic Business Operation Model and sophisticated and evolved human resources strategy are results of the steady growth over more than 130 years of corporate history. Since its incorporation in 1878‚ many CEOs have shaped the company’s products‚ people and processes
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