CHAPTER 1 – MANAGING HUMAN RESOURCES Human Resource Management (HRM) - The policies‚ practices‚ and systems that influence employees’ behavior‚ attitudes‚ and performance. Human Capital - An organization’s employees‚ described in terms of their training‚ experience‚ judgment‚ intelligence‚ relationships‚ and insight. High-Performance Work System - An organization in which technology‚ organizational structure‚ people‚ and processes all work together to give an organization an advantage in
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INTRODUCTION TO HUMAN RESOURCE MANAGEMENT The Concept of Human Resource Management Human resources is a term used to refer to how people are managed by organizations. It was basically a traditionally administrative function but with time it focuses and recognizes talented and engaged people and organizational success. Human resources has at least two related interpretations depending on context. The original usage was traditionally called labour. It is a measure of the work done by human beings
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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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between personnel management and human resources management 1.1 Distinguish between Personnel management and human resource management…………………………………………………………………………………………….. 1.2 Assess the function of the human resource management in contributing to organizational purposes 1.3 Evaluate the role and responsibilities of line managers in human resource management…………………………………………………………………………………… 1.4 Analyse the impact of the legal and regulatory framework on human resource management…………………………………………………………………………
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Human Resource Management The primary function of human resource management is to increase the effectiveness and contribution of employees in the attainment of organizational goals and objectives. There are many areas to the HRM process such as Human Resources Management and being a manager‚ being an employee and their goals‚ Human resource planning and recruitment‚ and selection‚ performance management‚ EEO and Affirmative Action‚ Human resources development‚ Compensation and benefits‚ Safety
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(Volkswagen‚ 2013). In 1937‚ ‘company for the preparation of the German Volkswagen Ltd’( Volkswagen 2013) was founded in Berlin‚ which seems to be the start of Volkswagen empire. During 76 years‚ Volkswagen Group is developing from a small plant to a global car manufacturer. It is not only because of its organization structure and high technology but also because of its excellent human resource management. This report will analyze the human resource management and strategies of Volkswagen‚ and
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is also an essential part of any business and it pays to do it properly. When organisations choose the right people for the job train them well and treat them appropriately‚ these people not only 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
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The evolving nature of the economy has shift people’s attention to the term ‘Human Resource Management’. Human resource management according to Danny Samson refers to “the activities undertaken to attract‚ develop and maintain an effective workforce within an organization”(Samson & Daft 2005). Since human resource management it mainly dealing with workforce‚ employee motivation is one important component of this area. Employees’ level of motivation is a crucial component in determining a company’s
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EFFECT OF BANKING SECTOR REFORMS ON NIGERIAN ECONOMY BY AJAYI‚ L. B. (Ph.D) DEPARTMENT OF BANKING AND FINANCE FACULTY OF MANAGEMENT SCIENCES EKITI STATE UNIVERSITY OF ADO-EKITI‚ NIGERIA E-mail: boblaw2006@yahoo.com AND OPADOTUN B.A DEPARTMENT OF BANKING AND FINANCE FACULTY OF MANAGEMENT SCIENCES EKITI STATE UNIVERSITY OF ADO-EKITI‚ NIGERIA E-mail: bishopobey@yahoo.com ABSTRACT This paper investigates the
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Organizational Performance in Bangladesh Mir Mohammed Nurul Absar1 abstract Impact of human resource management practices on organizational performance has been a widely researched area for years. But unfortunately‚ very insufficient number of studies have been conducted on this area in the context of Bangladesh and other developing countries. This study was undertaken to fill this obvious research gap. Data collected from fifty manufacturing firms in Bangladesh shows that HR practices have significant
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