Human resources are undoubtedly the key resources in an organization, the easiest and the most difficult to manage! The objectives of the HRM span right from the manpower needs assessment ...
The 7 Human Resource best practices presented below have been proposed by Jeffrey Pfeffer. Pfeffer wrote two books on this topic:
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Competitive ...
The primary purpose of human resources departments is to serve the needs of internal customers — the company’s employees — and external customers that include job ...
Equal Employment Opportunity policies
Employee classifications
Workdays, paydays, and pay advances
Overtime compensation
Meal periods and break periods
Payroll deductions
Vacation policies
Holidays
Sick ...
The process of HRP is entirely based on the corporate plans and objectives. HRP is a continuous process of review, control and assessment. Figure clearly indicates the HRP process.
Process
Human ...
Forecasting human resource demand is the process of estimating the future human resource requirement of right quality and right number. As discussed earlier, potential human resource ...
In a traditional model of human resources, employees move through employment in a typical progression from hiring to separation or retirement. Although employees still continue this ...
Human resource planning is done at various levels for their own purposes by various institutions. There are various levels of human resource planning in an industrial enterprise:
1. ...
The overall purpose of strategic HR planning is to:
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Ensure adequate human resources to meet the strategic goals and operational ...
Several other functions are performed by HRM. These function are stated below:
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1. Formulation of HR policies: HR manager ...