** All Chapters included
** Challenge Questions
** Answers to Discussion Questions
** Case Questions
,Table of Contents are given below
1. Human Resources in a Globally Competitive Business Environment
2. HR Technology
3. Talent Analytics: The Financial Impact of HR Activities
4. The Legal Context of Employment Decisions
5. Diversity at Work
6. Planning for People
7. Recruiting
8. Staffing
9. Training and On-Boarding
10. Performance Management
11. Pay and Incentive Systems
12. Indirect Compensation: Employee Benefit Plans
13. Union Representation and Collective Bargaining
14. Procedural Justice and Ethics in Employee Relations
15. Safety, Health, and Employee Assistance Programs
,Chapter 01—Human Resources in a Globally Competitive Business Environment
Chapter 01
Human Resources in a Globally Competitive
Business Environment
Part 1: Environment
To manage people effectively in today’s world of work, you must understand and appreciate the
significant competitive, technological, and legal issues. The purpose of Chapters 1 through 4 is
to provide insight into these issues. They provide both direction for and perspective on the
management of human resources in the 21st century.
Chapter 01—Human Resources in a Globally Competitive Business Environment
Chapter 02—HR Technology
Chapter 03—People Analytics: The Financial Impact of HRM Activities
Chapter 04—The Legal Context of Employment Decisions
Chapter Learning Objectives
Questions this chapter will help managers answer are as follows:
LO 01-01: How have global flows of information and knowledge changed the ways we live and
work?
LO 01-02: What people-related business issues must managers be concerned about?
LO 01-03: Which features will characterize the competitive business environment in the
foreseeable future, and how might we respond to them?
LO 01-04: What people-related problems are likely to arise as a result of changes in the forms of
organizations? How can we avoid these problems?
LO 01-05: What are the HR implications of our firm’s business strategy?
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, Chapter 01—Human Resources in a Globally Competitive Business Environment
Key Terms
Productivity: A measure of the output of goods and services relative to the input of labor,
material, and equipment.
Quality of work life (QWL): Employees’ perceptions of their physical and mental well-being at
work.
Profit: Financial gain; the income remaining after total costs are deducted from total revenue.
Staffing: The managerial activities of identifying work requirements within an organization;
determining the numbers of people and the skills mix necessary to do the work; and recruiting,
selecting, and promoting qualified candidates.
Retention: Initiatives taken by management to keep employees from leaving, such as rewarding
employees for performing their jobs effectively; ensuring harmonious working relations between
employees and managers; and maintaining a safe, healthy work environment.
Development: The managerial function of preserving and enhancing employees’ competence in
their jobs by improving their knowledge, skills, abilities, and other characteristics.
Adjustment: The managerial activities intended to maintain compliance with the organization’s
human resource policies and business strategies.
Managing change: The ongoing managerial process of enhancing the ability of an organization
to anticipate and respond to developments in its external and internal environments and to enable
employees at all levels to cope with the changes.
Human resource management (HRM): An overall approach to management, comprising
staffing, retention, development, adjustment, and managing change.
Authority: For managers at all levels, the organizationally granted right to influence the actions
and behavior of the workers they manage.
Globalization: The ability of any individual or company to compete, connect, exchange, or
collaborate globally.
Virtual organization: An organizational form in which teams of specialists come together
through technology to work on a project and disband when the project is finished.
Virtual workplace: A new organizational form in which employees operate remotely from each
other and from mangers—they work anytime, anywhere, in real space or in cyberspace.
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