RSM100Y1 Chapter Notes - Chapter 8: Human Resource Management, Goal Setting, Employee Benefits
Document Summary
Best firms value employees as much as their customers. Human resource management: the goal of it to give high job satisfaction and dedication to employees. It is the function of attracting, developing and retaining high quality employees who can achieve an organization"s objectives. The hr (human resource) department generally does the following: plans for staffing needs, recruits and hires workers, trains and evaluates performance, decides on compensation and benefits, oversee employee separation. In doing this, the hr managers achieve the following tasks: provides, qualified, well-trained employees for the organizations, maximizes employee effectiveness, satisfies individual employees through monetary compensation, benefits, opportunities to advance and job satisfaction. Human resource managers are responsible for selecting qualified and skilled employees to the organization. As such, most firms have a recruitment and selection process as follows. Traditional methods include college/university job fairs, personal referrals and want ads. Now must companies rely on their website: quick, cheap and efficient way to reach job seekers.
