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Chapter 12

Human Resource Management

Book Version 6
By Boundless
Boundless Business
Business
by Boundless
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Section 1
Human Resources and Relevant Laws
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National Labor Relations Act

The National Labor Relations Act establishes the right of most private-sector workers to form unions, bargain with management and strike.

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Labor-Management Relations Act

The Labor-Management Relations Act (or the Taft-Hartley Act) is a U.S. federal law that monitors the activities and power of labor unions.

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Fair Labor Standards Act

The Fair Labor Standards Act of 1938 established a national minimum wage, forbade "oppressive" child labor, and provided for overtime pay in designated occupations.

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Equal Pay Act

The Equal Pay Act of 1963 is a U.S. Federal law amending the Fair Labor Standards Act aimed at abolishing wage disparity based on sex.

Civil Rights Act

The Civil Rights Act of 1964 outlawed major forms of discrimination against African Americans and women, including racial segregation.

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Age Discrimination and Health Act

Under this act both employees and applicants who are 40 years old or over are protected from employment discrimination based on their age.

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Occupational Safety and Health Act

The goal of the OSHA Act is to make sure employers provide employees a place to work that is free from recognized hazards.

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Employee Retirement Income Security Act

Businesses who voluntarily set up pension and health plans in private industry must adhere to rules ERISA rules that protect employees.

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Affirmative Action

Affirmative action prevents discrimination against employees on the basis of race, religion, gender, or nationality.

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Americans with Disabilities Act

The ADA makes it illegal to discriminate against people with disabilities in employment, public transportation, and communications.

Section 2
Performance, Promotion, and Firing
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Review Techniques

The four methods of collecting performance review data: objective production, personnel, judgmental evaluation, and peer or self evaluation.

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Managing Up and Employee Feedback

Organizations derive significant value from empowering employees to help manage their managers.

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Promotions

When a person receives a promotion, they are rewarded for good performance by receiving a higher rank or position in the organization.

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Terminations

Terminations occur in a variety of ways, both voluntary and involuntary, and determine the employee's future relationship with the employer.

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Retirements

When a person retires, they stop working completely or semi-retire by reducing their hours.

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Attrition

An employee leaving one company to join another one is known as attrition.

Section 3
Compensation
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Forms of Financial Compensation

Compensation is a monetary benefit given to workers in return for services provided by them and it can take a number of different forms.

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Pay Systems

Organizations can remunerate labor according to different criteria, including hours worked, output produced, or a combination of the two.

Standard Benefits

Human resource requisites regarding employee compensation include a wide variety of common benefits beyond salary.

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Fringe Benefits

Fringe benefits are various indirect benefits, often of a more discretionary nature than standard benefits.

Section 4
Developing Employees
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Training

Training is the acquisition of knowledge, skills, and competencies through a conscious skills development program.

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Long-Term Development

Professional development refers to skills and knowledge attained for both personal development and career advancement.

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Performance Assessment

A performance appraisal is done to assess an employee's job performance and productivity on certain preestablished criteria and objectives.

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Reducing Turnover

Turnover is the rate at which employees leave an organization.

Section 5
The Functions and Goals of HR
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Activities in the Human Resources Department

Human resource departments are responsible for a wide variety of activities across a number of core organizational functions

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Development of Human Resources

Human resource development combines training and career development to improve the effectiveness of the individual, group, and organization.

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The Mission of Human Resource Management

Human resource management is responsible for the attraction, selection, training, assessment, and rewarding of employees.

Demand Planning

HR forecasting is the process of ascertaining the net requirements for staff by determining present and future HR needs.

Section 6
Diversity in Human Resources
Defining Diversity

Diversity in an organization should reflect a globalized and multicultural workforce where value is placed on diversity of thought.

How Businesses Benefit from Diversity

Diversity brings substantial potential benefits such as better decision making and problem solving, and greater creativity and innovation.

Section 7
Recruitment
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Finding Good Candidates

It is beneficial to attract applicants with the highest potential for success at the organization.

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Selecting the right People

Having a common set of information about applicants allows hiring managers to avoid prejudices.

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Motivation Theories and Applications
  • Management and Motivation
  • Theories of Motivation
  • Modern Views on Motivation
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Current Chapter
Chapter 12
Human Resource Management
  • Human Resources and Relevant Laws
  • Performance, Promotion, and Firing
  • Compensation
  • Developing Employees
  • The Functions and Goals of HR
and 2 more sections...
Next Chapter
Chapter 13
Organized Labor Relations
  • The History of Unions
  • Organized Labor and Related Laws
  • Collective Bargaining
  • Managing Employees
  • Union Negotiation Tactics
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