BSM 200 Lecture 8: BSM 200 Lecture Notes Week 8
10 Mar 2017
School
Department
Course
Professor
Document Summary
New product development: market development, creativity, hiring new people who come with new ideas, expertise/skills, and experience. Recruitment: know the needs of the organization goals what is required, you must do a job analysis requirements of the job, job description, job specifications. Hrm: bringing business to life: hrm maximizing the effectiveness of the workforce (going beyond administrative experts) Hrm challenges: major hurdles: older workers, younger workers, women workers, work/life balance, wage gap, layoffs and outsourcing, lawsuits. Recruitment: finding the right people (internal: internal recruiting - transferring or promoting employees within the company; this type of recruiting boosts morale, has a proven track record, and has lower recruiting costs. Recruitment: finding the right people (external: external recruiting - looking for employees outside th firm, recruiting resources. Job offers and contingent workers: set a probation period with new hires: typically 3 to 6 months, companies with fluctuating employment needs may opt to hire contingent workers, such as:
