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Managing Human Resources - Coggle Diagram
Managing Human Resources
HR Planning Process
1.Conduct job analysis
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Job Specification -lists the skills,abilitties, and others credentials and qualifications
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Legal Context of HRM
-Equal Employment Opportunity Laws
-Protected Classes
-Equal Employment Opportunity Commission (EEOC)
-Affirmative Action
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COMPENSATION & BENEFITS
Compensation System
- Total package of rewards a company offers employees
- Wages—money paid for time worked
- Salary—money paid to perform a job
Factors affecting compensation
- Competitors’ wage offerings
- Internal wage and salary policies
Incentive programs
- Individual incentives
1.Bonuses
2.Merit salary systems
3.Pay for performance (variable pay)
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