COMMERCE 2BC3 Chapter Notes - Chapter 1: Common Hardware Reference Platform, Unemployment Benefits, Performance Management
19 Jan 2018
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Hrm plays in determining: survival, effectiveness, competitiveness, growth. Companies that do not meet stakeholders needs are unlikely to have a competitive advantage over other rms. Hrm: policies, practices and systems that in uence employees" behaviour, attitudes, and performance. Hrm practices: analyzing and designing work, determining human resource needs (hr planning, recruiting (attracting potential employees, selection, training and development, compensating, performance management (evaluating their performance, employee relations (creating a positive work environment) Effective hrm enhances company performance by contributing to employee and customer satisfaction, innovation, productivity, and development of a favourable reputation in the rm"s company. What responsibilities and roles do hr departments perform: high-performing small companies (fewer than 100 employees) have about 6 hr staffers per 100 employees, high-performing large companies (50,000 employees or more) have 1. Hr staffer per 100 employees: the hr department is solely responsible for outplacement, compliance with employment laws, record keeping, testing, unemployment compensation, and some aspects of bene ts administration.
