Topic: Compensation Submitted By: Syeda Zunairah Bukhari (10-Arid-1942) Sir: Abdul Latif Barani Institute of Information technology PMAS-Arid Agriculture University Rawalpindi. Definition: Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. Compensation is based on: market research about the worth of similar jobs in the marketplace‚ employee contributions and
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Human Resources Management (HRM) Session Outcomes: • Discover the global trends affecting human resources management‚ • Describe the impact these trends are having on organizations and the management of human resources‚ • Develop an appreciation of the changing role of human resources management in supporting organizational strategy. Emerging Trends in Human Resources Management (HRM) • How would you define or describe Human Resources Management (HRM)? – What is it? – How do you
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resource management and personnel management. Human resource management and personnel management are a little bit the same. Personnel management is one of the parts of human resource management. Human resource management examines or looks after the wide abstract principle of human resource. It deals with organizational management‚ personnel administration‚ industrial management‚ manpower management‚ personnel training and development‚ and organizational development whereas personnel management is responsible
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HRM in a Changing Environment: The Challenges Today’s organizations are facing challenges upon following levels: i. Environmental Challenges ii. Organizational Challenges iii. Individual Challenges i. Environmental Challenges Environmental challenges refer to forces external to the firm that are largely beyond management’s control but influence organizational performance. They include: rapid change‚ the internet revolution‚ workforce diversity‚ globalization‚ legislation‚ evolving work and
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MBM 803/MHM 810 - HRM – INDIVIDUAL ASSIGNMENT Turn in: Between 15 – 18th January 2013 to the Respective Class Reps 25 Marks ALL Topics should be distributed – a Max. of 3 people per topic – to both MBM and MHM The aim of this assignment in HRM is to: - Familiarize you with current issues in HRM - relevant theories‚ key literature and contemporary research and challenges in the area - Instill the value of being and keeping abreast of current issues in HRM in order to remain ahead of ways in
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managing. 1. What is Decision-making? Jame A.E Stoner‚ R. Edward Freeman and Daniel R. Gilbert‚ Jr.‚ define Decision-making as II the process of identifying and selecting a course of .action to solve a specific problem." In other words‚ this definition is based on some calculation; it is based on the expectation ihat‚ when implemented‚ the decision will bring about some positive result. For example‚ the decision of the Alacrity Group of Companies ;:; Chennai‚ to have a highly value-based style
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Training and Developing Employees Orienting Employees Employee orientation A procedure for providing new employees with basic background information about the firm. Orientation content Information on employee benefits Personnel policies The daily routine Company organization and operations Safety measures and regulations Facilities tour Orienting Employees (cont’d) A successful orientation should accomplish four things for new employees: Make them feel welcome and at ease. Help them
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should be able to: 1.1 Identify the difference between the traditional view of Human Resource Management and the 21st-century view 1.2 Describe the major HRM skill sets 1.3 Discuss the line manager’s HRM responsibilities 1.4 Identify and briefly describe the major HRM discipline areas 1.5 Explain the Practitioner’s Model for HRM and how it applies to this book 1.6 Define the following terms: Human resources Employee engagement Cost center Revenue center Productivity center Productivity
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COURSE GUIDE ix INTRODUCTION Information Systems in Human Resource Management is one of the courses offered by the Faculty of Business and Management Open University Malaysia (OUM). Similar to the other courses offered by the Faculty of Business and Management‚ this 3 credit hours course will be conducted over 15 weeks and is usually offered twice yearly in January and September semesters. COURSE AUDIENCE This is a core course for students undergoing Bachelor of Human Resources Management
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and loyalty among the workforce by keeping them up to date about company plans‚ and laying out the implications for job security and working conditions. These factors lead the group to come up with the study that involves the computerization of Personnel Information and Leave Management System of OxyChem Corporation. Background of the Study On 2000 the Client family business did not start as cleaning Chemicals Company but rather tried its first venture in laundry business names Planet Laundry
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