Business Administration - Human Resources HRA840 Chapter Notes - Chapter 2: Project Echo, Leading Edge, Capital Accumulation
11 Mar 2016
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Now: major cost obligations for companies and represent signi cant balance sheet liabilities. They need to be well planned; therefore, human resources needs to constantly justify the cost of the program against organizational objectives and employee needs to ensure effectiveness and ef ciency. 1800s and earlier beginning : employment standards and accident. Governments forced employers, through employment standards and accident compensation legislation, to recognize greater responsibility for the welfare of their workers. 1900s to 1930s era of paternalism : employers accepted more responsibility for the welfare of their employees and their families. Some employers went as far as providing employee housing and essential supplies. 1930s to 1940s great depression: economic pressure ended the paternalism. 1940s employees bene ts programs grew and became important. During war there were controls on wages but not bene ts, so employers could reward employees by increasing their bene t coverage. Unions focused on pensions, life insurance and medical care plans.
