RSM100Y1 Chapter Notes - Chapter 8: Human Resource Management, Cafeteria Plan, Job Sharing
19 Dec 2016
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Human resource management: attract, develop and retain performing employees to meet objectives. Plan for staffing needs (like seasonal vs. part-time vs. full time workers) ~ apprenticeship: work as assistant to a senior (common in blue-collar but also found in while-collar professions) ~ reduces cost of training, offers consistent presentations, simulation videos, employees learn as their own pace. ~ training to improve skills/broaden knowledge of current or future managers. ~ aimed at technical skills or more general leadership training. Used for decisions like compensation, promotion, further training, transfer or termination. ~ conflict of interest (co-workers are also competitors) ~ reviews from coworkers, direct reports, managers and even costumers. ~ weakness: personal likes/dislikes may alter results, interpretation of the various perspectives to conclude about the worker effectively. Amount paid to employees in money or benefits. Affects job satisfaction; big responsibility of hr managers. Wage: pay based on hourly rate or amount of work finished.
