MGTA01H3 Chapter 9: Chapter 9 Notes
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
N human resource management (hrm) set of organizational activities directed at attracting, developing, and maintaining an effective workforce; hrm takes place within a complex and ever-changing environmental context and is increasingly being recognized for its strategic importance. N hrm has new importance, which stems from increased legal complexities, the recognition that human resources are a valuable means for improving productivity, and the awareness today of the costs associated with poor hrm. N work based programs a technique that ties training and development activities to task performance. N wages dollars paid based on the number of hours worked. N merit pay pay awarded to employees according to the relative value of their contributions. N merit pay plans compensation plans that formally base at least some meaningful portion of compensation on merit. N workers" compensation mandated insurance that covers individuals who suffer a job-related illness or accident.
