COMMERCE 1E03 Chapter Notes - Chapter 10: Ageism, Flextime, Golden Handshake
13 Mar 2013
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Human resource management (hrm): is the process of determining human resources need and then recruiting, selecting, developing, motivating, evaluating, compensating and scheduling employees to achiever organizational goals. See human resource management figure on page 258. People develop the ideas that eventually become the products that satisfy consumers" wants and needs. Qualified employees are scarcer today and that makes recruiting more difficult. The ability of businesses to compete in international markets depends on new products and services, and new levels of productivity (people with good ideas) Managing talent was the number one human resources challenge worldwide and there were predictions. Markets need to be self managed by employers who are willing to accept being independent in their roles throughout the company. Five steps involved in the human resources planning proccess: prepare a human resources inventory of the organizations employees: this inventory should include ages, names and education, capabilities, etc, prepare a job analysis.
