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Ebook Foundations of business (2nd edition): Part 2

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Ebook Foundations of business (2nd edition): Part 2

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2so, you can better understand about your own interactions with your coworkers.LEARNING OBJECTIVES1Describe the maịor components of human resources man

agement.2Identify the steps in human resources planning.3Describe cultural diversity and understand some of the challenges and opportunities associate Ebook Foundations of business (2nd edition): Part 2

d with it.4Explain the objectives and uses of job analysis.5Describe the processes of recruiting, employee selection, and onentation.6Discuss the prim

Ebook Foundations of business (2nd edition): Part 2

ary elements of employee compensation and benefits.7Explain the purposes and techniques of employee ừainmg. development, and performance appraisal.8Ou

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2 prideHow Google GrowsGoogle is not only the world's most popular search engine —it's also one of the best U.S. companies to work for, according to Fo

rtune magazine. It offers challenging work, generous salaries and benefits, and numerous paid vacation days and holidays. Its larger facilities boast Ebook Foundations of business (2nd edition): Part 2

free extras such as gourmet meals, ping-pong tables, yoga classes, volleyball courts, even laundry facilities and car washes. Engineers are encouraged

Ebook Foundations of business (2nd edition): Part 2

to follow their drcams by spending 20 percent of their time on projects of their own choosing. No wonder 777,000 people apply for jobs at Google ever

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2ble staff of professional recruiters invites resumes and inquiries through the corporate website, through a special Google Student channel on YouTube

(which Google owns), andthrough an on-campus presence at top universities. Google also pays employees a bonus for referring qualified applicants who a Ebook Foundations of business (2nd edition): Part 2

re ultimately hired.Applicants who have the credentials and experience for a particular position are pro-screened during a 30-minuto phono interview b

Ebook Foundations of business (2nd edition): Part 2

efore any in-person interviews are scheduled. When candidates do sit down with Google managers and peers.they can expect to spend several hours answer

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2sonnel who interview the candidates for a particular opening have a say in the final hiring decision.For the first ten years of its corporate life, Go

ogle was expanding so rapidly that it never stopped recruiting. In fact, from 2006 to 2008, as the company approached $21 billion in annual revenue, i Ebook Foundations of business (2nd edition): Part 2

t doubled the size of its workforce by recruiting 10,000 employees. Although the recent economic crisis slowed Google's growth and its recruiting, the

Ebook Foundations of business (2nd edition): Part 2

company remains one of the most desirable employers in America—a place where talented employees can challenge themselves, polish their skills, make a

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2s focus on hiring a diverse mix of employees to serve a diverse customer base. For many companies, these arc important factors to consider when attrac

ting, motivating, and retaining the appropriate mix of human resources.We begin our study of human resources management (HRM) with an overview of how Ebook Foundations of business (2nd edition): Part 2

businesses acquire, maintain, and develop their human resources. After listing the steps by which firms match their human resources needs with the sup

Ebook Foundations of business (2nd edition): Part 2

ply available, we explore several dimensions of cultural diversity. Then we examine the concept of job analysis. Next, we focus on a firm’s recruiting

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2o remain with a firm and to work effectively. Then we discuss methods of employee training, management development, and performance appraisal. Finally

, we consider legislation that affects HR.M practices.Human Resources Management: An OverviewThe human resource is not only unique and valuable, but i Ebook Foundations of business (2nd edition): Part 2

t is also an organization’s most important resource. It seems logical that an organization would expend a great deal of effort to acquire and make ful

Ebook Foundations of business (2nd edition): Part 2

l use of such a resource. This effort is known as human resources management (HRM). It also has been called staffing and personnel management.DID YOU

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2ar.I LEARNING OBJECTIVEDescribe the major components of humanresources managementChapter 9: Attracting and Retaining the Best Employees233Human resour

ces management (HRM) consists of all the activities involved in acquiring, maintaining, and developing an organization’s human resources. As the defin Ebook Foundations of business (2nd edition): Part 2

ition implies, HUM begins with acquisition—gening people to work for the organization. Next, steps must be taken to keep these valuable resources. (Af

Ebook Foundations of business (2nd edition): Part 2

ter all, they arc the only business resources that can leave an organization.) Finally, the human resources should be developed to their full capacity

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Ebook Foundations of business (2nd edition): Part 2uisition, for example, includes planning, ns well as the various activities that lead to hiring new personnel. Altogether this phase of HRM includes f

ive separate activities. They arc as follows:•Human resources planning—determining rhe firm’s future human resources needs•Job analysis—determining rh Ebook Foundations of business (2nd edition): Part 2

e exact nature of rhe positions

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

Attracting and Retaining the Best EmployeesWHY THIS CHAPTER MATTERS. Being able to understand how to attract and keep the right people is crucial. Als

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