COMMERCE 1E03 Lecture Notes - Lecture 12: Job Analysis, Telecommuting, Piece Work
5 Apr 2017
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Human resources management (hrm): is the process of determining human resource needs and then: recruiting, selecting, developing, motivating, evaluating, compensating, scheduling employees to achieve organizational goals. Recruitment: the set of activities used to obtain a sufficient number of the right people at the right time. Internal is within the company: external is outside the company. Training and development: includes all attempts to improve productivity by increasing an employee"s ability to perform. Compensation is one of the marketing tools that companies use to attract (and retain) qualified employees: total benefits and services could amount to over of most firms" payroll costs. Consider pay systems, compensating teams (e. g. skill-based pay and gain-sharing systems), fringe benefits (e. g. cafeteria-style benefits / flexible benefits plans) Salary: fixed compensation computed on weekly, bi-weekly, or monthly pay periods (e. g. per week). Salaried employees do not receive additional pay for any extra hours worked.
