O PTIONAL M IDTERM E XAMINATION R EVIEW OF C HAPTER S IX H IRING AND M ANAGING E MPLOYEES F ROM C HAPTER S IXTEEN OF P ROFESSORS W ILD AND W ILD ’ S T EXTBOOK I NTERNATIONAL B USINESS : T HE C HALLENGES OF G LOBALIZATION , 9 TH E D (2019) P REPARED F OR S TUDENTS OF IBUS 330 F ALL S EMESTER 2019 – P ROFESSOR N ICHOLSON This is the third optional review or study guide for the midterm exam. The review is based on the learning objectives for chapter six along with the optional related interactive lectures in Mylab . Those lectures are reasonably short and very concise. Even if you do not plan to watch them all, I do recommend that you try the chapter seven options in this first review to see if you think it will be of use to you. I find the interactive lectures to be the best of all the optional activities that Mylab has to offer. This review begins with the learning objectives which are always presented at the beginning of each chapter in the e-text. They represent the five or six major topics the authors cover in the chapter. The authors of chapter six are Professors Wild and Wild. There are no better reviews than chapter summaries written by the authors themselves. When students ask me what they should review for exams, I invariably tell them to start with the learning objectives at the beginning of the chapter, followed by the chapter summaries at the end. This review is complementary to that process. A good review is based on the assumption that you have already read the chapter. Here are the learning objectives for chapter six: LEARNING OBJECTIVES 1 Explain the three types of staffing policies that companies use 2 Describe the key human resource recruitment and selection issues 3 Summarize the main training and development programs that firms use 4 Explain how companies compensate managers and workers 5 Describe the importance of labor–management relations . I NTERACTIVE L ECTURES : C HAPTER E IGHT As with the previous chapter reviews, at this point I recommend watching the interactive lectures in Mylab. They are broken down by learning objectives and are concise, relevant and professional. Many of you have already been watching these lectures and are familiar with them. T OPIC EXPANSION NOTES : C HAPTER S IX Human resource management (HRM) is the process of staffing a company and ensuring that employees are as productive as possible. It requires managers to be effective in recruiting, selecting, training, developing, evaluating, and compensating employees and in forming good relations. International HRM differs considerably from HRM in a
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