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Human Resource Management 12th Edition by John Ivancevich,Robert Konopaske
Edition 12ISBN: 978-0078029127Human Resource Management 12th Edition by John Ivancevich,Robert Konopaske
Edition 12ISBN: 978-0078029127 Exercise 1
Why should even very small firms (with 10 to 100 employees) be concerned about HRM
Explanation
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HRM refers to Human resource management is nothing but the function of managing human resources or employees in order to improve the performance of employees so that they can meet the organizational objectives as they are the important assets of the business.
Very small firm (with 10 to 100 employees) should also be concerned about HRM as it facilitates the most effective use of people. It contributes towards achieving the organizational and individual goals. It makes the company compliant with rules and regulations so small business needs to be complaint with the Fair Labor Standards Act (FLSA), the Immigration Reform Control Act, etc. HRM help the small business by helping them to conduct cross-training of employees to cover more than one job function.
HRM contributes towards organizational effectiveness. It helps the organization to achieve its goal. HRM focus on employing the best talents who can work efficiently and effectively. It provides the organization with well-trained and well-motivated employees. It focuses on providing job satisfaction to employees and help in fulfilling their self-actualization needs. It helps in maintaining quality work-life for employees that make them committed to the organization. It helps in making the organizational culture ethical and contribute toward making the business sustainable. Ethical policies are maintained and influence employees to show socially responsible behavior.
Very small firm (with 10 to 100 employees) should also be concerned about HRM as it facilitates the most effective use of people. It contributes towards achieving the organizational and individual goals. It makes the company compliant with rules and regulations so small business needs to be complaint with the Fair Labor Standards Act (FLSA), the Immigration Reform Control Act, etc. HRM help the small business by helping them to conduct cross-training of employees to cover more than one job function.
HRM contributes towards organizational effectiveness. It helps the organization to achieve its goal. HRM focus on employing the best talents who can work efficiently and effectively. It provides the organization with well-trained and well-motivated employees. It focuses on providing job satisfaction to employees and help in fulfilling their self-actualization needs. It helps in maintaining quality work-life for employees that make them committed to the organization. It helps in making the organizational culture ethical and contribute toward making the business sustainable. Ethical policies are maintained and influence employees to show socially responsible behavior.
Human Resource Management 12th Edition by John Ivancevich,Robert Konopaske
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