Hrmt 386 exam guide Study guides, Class notes & Summaries

What does the term 'human resource management' suggest about the nature of the employment relationship? - Employees are viewed as valuable assets or resources within an organization. What is the strategic value of employees in human resource management? - Employees are strategic contributors to an organization's success. Managing them effectively can lead to a competitive advantage What is the investment perspective in human resource management? - Organizations should invest in their e...

What does the term 'human resource management' suggest about the nature of the employment relationship? - Employees are viewed as valuable assets or resources within an organization. What is the strategic value of employees in human resource management? - Employees are strategic contributors to an organization's success. Managing them effectively can lead to a competitive advantage What is the investment perspective in human resource management? - Organizations should invest in their e...

Why do organizations and individuals enter into employment relationships? - - Economic Relationship o Employers hire workers to accomplish tasks. o There is an exchange of value between the worker & employer. o Exchange time & skills (labour) for remuneration (wages & benefits) o Workers enter into the relationship because they must exchange their labour with someone to acquire money by which they purchase the necessities of life. o Duties & obligations are asymmetrical: the employer issu...

Wage-rate bargain - How much someone will be paid for the work that they agree to do. - the first agreement of employment capitalist economy - private ownership of capital, allocation of resources through market mechanisms, and profit imperative Profit imperative - The need to profit or fail - puts pressure on organizations to cheapen labour Employer's interests - Maximize profits and profitability while controlling working conditions Worker's interests - making the most money for the ...

HRMT 386 EXAM 2024 MOST RECENT UPDATE MOST TESTED COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ [CERTIFIED STUDY GUIDE],,,Alpha