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Managing Human Resources (Contemporary HRM Issues Face Managers…
Managing Human Resources
2 ways to keep great people
Performance Management System
individual ranking approach (employees in a particular department are ranked based on their value to the manager or supervisor)
Paired Comparison approach (generally is any process of comparing entities in pairs to judge which of each entity is preferred, or has a greater amount of some quantitative property, or whether or not the two entities are identical.)
group order ranking (a process of performance appraisal that requires a manager or supervisor to position his employees into given performance brackets or classes like top one fifth or third quarter etc.)
Compensating employees
skilled- based pay systems
a compensation system that rewards employees with additional pay in exchange for formal certification of the employee's mastery of skills, knowledge, and/or competencies.
Variable pay systems
provide some or all of a workforce's compensation based on employee performance or on the performance of a team.
Contemporary HRM Issues Face Managers
downsizing
manage workforce diversity
sexual harassment
HR cost
Managers Identify and Select Competent Employees
Organizations recruit employees
Manager handle layoffs
Employment Planning
Managers select job applications