Introduction To Business Essay

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Jones: Introduction To Business: How Companies Create Value for People III. A Functional Approach to Business 13. Human Resource Management: Acquiring and Building Employees’ Skills and Capabilities © The McGraw−Hill Companies, 2007 C H A P T E R 13 Human Resource Management: Acquiring and Building Employees’ Skills and Capabilities Learning Objectives After studying this chapter, you should be able to: 1. Describe the five components of a human resource management system and the way they work together to help a company obtain a competitive advantage. 2. Appreciate the issues involved in the process of recruiting qualified people to join a company and the steps involved in the selection process. 3. Explain how training and development activities help to build the abilities, skills, and knowledge of a company’s employees. 4. Understand why the process of appraising employees’ performance is a major factor influencing the way they wish to contribute to achieving a company’s goals and objectives. 5. Explain why linking pay to performance in a fair and equitable manner is an important source of employee motivation and commitment to a company. 6. Appreciate the importance of good labor relations and the importance of collective bargaining in aligning the goals of employees and companies. WHY IS THIS IMPORTANT ? Have you ever had an employment interview, received a job offer, but decided not to take the job? Do you agree that people are a company’s most important resource? Human Resource Management is the function responsible for working to recruit, train, evaluate, and compensate employees. This chapter explains that HRM is actually several interrelated processes that work to support the entire organization by finding and retaining a work force capable of achieving organizational goals. Jones: Introduction To Business: How Companies Create

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