5. Components of a HRM System Recruitment/ Decruitment Training/ Development Compensation & Benefits Performance Management Human Resource Planning Orientation Selection Career Development HRM
42. Factors That Influence Compensation and Benefits Level of Compensation and Benefits Employee’s Tenure and Performance Size of Company Kind of Job Performed Company Profitability Kind of Business Geographical Location Unionization Management Philosophy Labour- or Capital-Intensive How long has employee been with company and how has he or she performed? Does job require high levels of skills? What industry is job in? Is business unionized? Is business labour- or capital-intensive? How large is the company? How profitable is the company? Where is organization located? What is management’s philosophy toward pay?
43.
Editor's Notes
Future human resource needs are determined by org goals n strategies, demand for the employees acc to products, revenue by assessing current and future needs managers estimate HR shortages both in number and type and where org will be over and under staffed
1.The application depicts for which designation candiadate want to apply.Interview takers use the information provided in these applications for taking interviews of candidates
5.Finds the personality traits and character reflections of applicant. 6.So that no other employee could be affected by him. This is conducted by firm’sdoctor.
