FM 116 Lecture Notes - Lecture 8: Fax, Employment Discrimination, Civil Rights Act Of 1964

• School: FIT
• Department: Fashion Business Management
• Course: FM 116
• Professor: George Sanchez

Document Summary

Why do businesses need it: focuses on maximizing the effectiveness of the workforce by: Determining workforce strategies to boost organizational effectiveness: nurtures human investment so that it yields the highest possible return. Current challenges and obstacles of human resource management: layoffs and outsourcing, wage gap, older workers: golden parachute giving people who are closer to retirement this package, younger workers, women workers, work-life balance, law suits. Baby boomers: 10,000 baby boomers retiring every day till 2031! Characteristics of the baby boomers who are retiring: Have tended to be more loyal to companies. Have probably kept up with office technology, even if they"re not. Our generation: on social media: optimistic, open minded, knowledgeable about technology, good at multi-tasking, as well as: Unrealistic expectations of pay and job responsibility. Not so willing to pay your dues . Human resource planning: job analysis: examination of specific task assigned to each position. Independent of who might be holding the job at a specific time.