AFM131 Chapter Notes - Chapter 12: Job Sharing, Job Rotation, Profit Sharing

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Mohsin Bashir

Document Summary

Hrm: determining hr needs and selecting employees to achieve those objectives. Challenges: shortage of trained workers in growing industries, excess workers from declining industries, fewer trades" workers, baby boomers not retiring, and decreased employee loyalty (increased employee turnover) Affirmative action: activities to right previous wrongs by increasing minority/female opportunities. Reverse discrimination: against members of the majority group due to minority policies to correct previous wrongs. Legislation: employers to act according to legal rights. Recruitment: activities to attain enough of the right employees at the right time (external with knowledge or internal with training) Selection: gather information to decide who should be hired and why. Contingent workers: part time, temporary, seasonal, independent workers (+ interns, apprentices, coop students) Networking: establishing and maintaining contacts with key employees in organizations. Appraisal: to evaluate employee performance against a standard with which to improve or be terminated. 1: prepare an hr inventory of employees with all relevant information.