HRIR 2440- Final Exam Guide - Comprehensive Notes for the exam ( 71 pages long!)

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Document Summary

Economic challenges - surving a recessionary cycle facing the global trade challenge and meeting the challenge of productivity improvements. When hit with the recession managers face special challenges, by carrying out unpleasant tasks like firing people. Facing the global trade challenge - international trade has always been critical to canada"s prosperity and growth. To capture the growing market opportunities abroad, canadian organizations are opening new plants and expanding activities in foreign countries that are closer to their customers or where labor is cheaper. Meeting the challenge of productivity improvements - human resource manager contribute to improved productivity directly by finding better, more efficient ways to meet their objectives and indirectly by improving the quality of work life for employees. Outsourcing - enables organizations to reduce the number of workers on permanent payroll and to contract out tasks to outside agencies as and when needs arise, thus reducing the total wage bill. Outsourcing has major implications for the human resource manager.