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Lecture Introduction to business - Lecture 16: Managing human resources and labor relations

The following will be discussed in this chapter: Foundations of human resource management, staffing the organization, developing the workforce, compensation & benefits, legal context Of HR management, new challenges in the changing workplace, dealing with organized labor, collective bargaining. | Lecture 16 Chapter 8 Managing Human Resources And Labor Relations Chapter Outline Foundations of Human Resource Management Staffing The Organization Developing The Workforce Compensation & Benefits Legal Context Of HR Management New Challenges In The Changing Workplace Dealing With Organized Labor Collective Bargaining Performance Appraisal Evaluation of a company job performance in order to determine the degree to which the employee is performing effectively Appraisal process Defines performance standards Observes employee performance Compares expectations with performance Types of appraisal Performance Appraisal Compensation & Benefits The total package of reward that the firm offers employee in return for their work is called a compensation package Includes Wages Salary Benefits incentives Compensation & Benefits Wages- Time Worked Salaries- Job Performed Comparison with competitors Internal salary in comparison to various job Incentives Special pay programs designed to motivate high performance Money motivates when it is tied to performance Incentive Programs Individual Bonuses Merit Salary Systems Stock Options Pay For Performance (variable pay Company wide performance Business unit performance Personal record Companywide Profit-Sharing Gainsharing Pay-For-Knowledge Benefit Programs Compensation other than salary and wage is called benefit Health insurance Paid time off for vacations and holiday Retirement Plans Cafeteria Benefits Plan Legal Context of HR Management Equal Employment Opportunity Protect Classes from unfair or inappropriate discrimination Discrimination on the basis of job performance is legal Illegal discrimination is based a stereotype, belief or a prejudice about classes of people. OSH Laws Occupational Health And Safety Laws The main law governing OHS is the Factories Act 1934 Chapter 3. The Hazardous Occupation Rules of 1978 regulate certain occupations as hazardous, and contain special provisions to regulate the working conditions in . | Lecture 16 Chapter 8 Managing Human Resources And Labor Relations Chapter Outline Foundations of Human Resource Management Staffing The Organization Developing The Workforce Compensation & Benefits Legal Context Of HR Management New Challenges In The Changing Workplace Dealing With Organized Labor Collective Bargaining Performance Appraisal Evaluation of a company job performance in order to determine the degree to which the employee is performing effectively Appraisal process Defines performance standards Observes employee performance Compares expectations with performance Types of appraisal Performance Appraisal Compensation & Benefits The total package of reward that the firm offers employee in return for their work is called a compensation package Includes Wages Salary Benefits incentives Compensation & Benefits Wages- Time Worked Salaries- Job Performed Comparison with competitors Internal salary in comparison to various job Incentives Special pay programs designed to motivate .