Chapter 8 - VitaltoAllOrganizations

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Vital to All Organizations Human resource management - function of attracting, developing, and retaining enough  qualified employees to perform the activities necessary to accomplish organizational  objectives Providing qualified, will-trained employees for the organization Maximizing employee effectiveness in the organization Monitory compensation  Human Resource Responsibilities Core Responsibilities of Human Resource Management Employee Recruitment and Selection Employee Training and Performance Evolution Employee Compensation and Benefits Employee Separation Planning for Staffing Needs 25% of human resource professionals report a shortage of job candidates with degrees  in science, engineering, technology and mathematics 78 million Baby Boomers will retire with only 46 million Generation X workers to replace  them HR must be creative in searching for qualified employees Business look both internally and externally
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Selecting and Hiring Employees Must follow legal requirements Civil Rights Act of 1964 Equal Employment Opportunity Commission  programs Civil Rights Act of 1991 Failure to follow these exposes company to risk of litigation Hiring is a costly process for employers Some employers require employment tests Orientation and Training Newly hired employees often complete a orientation program Inform employees about company policies Employee manuals Describe benefits/programs Training Training Programs On-the-job training Classroom and computer-based training Management development Performance Appraisals
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Performance appraisal- evaluation of an employee’s job performance Some firms conduct peer reviews while other firms allow employees to review their  supervisors and managers 360-degree performance review , a process that gathers feedback from a review panel  that includes coworkers, supervisors, team members, subordinates, and sometimes  customers. Compensation Wages- compensation based on an hourly pay rate or the amount of output produced Salary- compensation calculated on a periodic basis, such as weekly or monthly Most firms base compensation decisions on five factors: Salaries and wages paid by other companies that compete for the same
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This note was uploaded on 03/05/2012 for the course ADMINISTRA 011:100 taught by Professor Jayrereaves during the Fall '11 term at Rutgers.

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Chapter 8 - VitaltoAllOrganizations

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