HRM 3430- Final Exam Guide - Comprehensive Notes for the exam ( 25 pages long!)

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Althea Gordon

Document Summary

Succession management (8) responsibility for the succession management process. In this chapter, we defined succession management and contrasted it with personnel planning. The employee(cid:495)s role in the process must be considered. The hr function has to assume effective downsizing strategy. The (cid:494)job for life(cid:495) approach has been radically changed in. Hr planning plays an important role in the development and implementation of an the past decade, resulting in a number of new challenges for both employees & employers. It does not appear that the downsizing phenomenon is over, and consequently hr professionals must have a solid understanding of how to manage the downsizing process. There is considerable evidence that many downsizings fell far short of achieving the goals that senior management expected. In a number of organizations, downsizing was followed by lower morale, greater conflict, reduced employee commitment and poorer financial performance.