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Unit 2 - Human Resources - Coggle Diagram
Unit 2 - Human Resources
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Human Resources
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recruit, train and appraise workers
Planning
Do I need humans for this task?
How many humans do I need?
What kinds of professionals do I need for this task?
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broad statement of the job title, purpose, responsibilities
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once accepted, the new recruits are given information about the job
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Types of Appraisal
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360-degree
most complete feedback, done by different people
self
reflective, made to create personal goals
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Labor Turnover
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Low LTOs: people stay longer in the company, which can mean they life working there, you are doing a good job - company does not innovate much
High LTOs: people don't stay in the company, means that they don't like working there/ company is innovative
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Labor Mobility
Companies have the option for their employees to work anywhere at anytime, due to the advancements in technology which changed the way we work
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Geographic
allows hiring people all over the world, allows the team to be multinational
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Offshoring
send part of your operations to another country (reduce costs or take advantage of a certain job pool
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Organizational structure
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allows information, work and power to flow through organization
Hierarchy
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higher you go up the hierarchy, the more power you have
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