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2 reasons: without room for advancement, people either decay into apathy or lash out violently. Both options are harmful to productivity. Secondly, if employees don't develop, what happens when the old misers running the company die or retire? Nobody knows how to do their job because they couldn't develop. Thus, the company dies.
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∙ 12y ago
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What are the central functions of human resource management?
The main function of Human Resource Management are to plan, staff, develop and maintain employees. This department develops plans and polices for the company. They also mange change, technology, innovation and diversity within the company. They take on the day to day operations of the core values of a company and make sure these are being implemented by employees.
Why would a company need knowledge management tools?
Knowledge management tools are used in companies to improve knowledge throughout the company, this makes the company more efficient in its business processes. It is used to share what knowledge the current employees hold and can build on that knowledge and share it with other employees.
What is the normal growth rate of employees in a company?
The average growth rate of employees in a company is 30 percent. Each company can figure out their own growth rate by subtracting the original amount of employees from the new amount, multiplying that number by 100 percent and then dividing the sum by the original amount.
How many employees can their be in a private limited company?
minimum of 500
What causes conflict between employees and stakeholders?
As you probably know, stakeholders are the owners of the company. The employees work for the company and are compensated as such. Ideally, everyone gets along--employees feel appreciated through their pay and work, and stakeholders reap profits. Conflicts occur when the trust breaks down. Specifically, a shareholder may want to take money out of the company (in a dividend, for example), and the employees may feel a bonus for employees would be a better use of the money. The most common example I can think of is company expenses: stakeholders want a lean-and-mean company, and employees would enjoy more money be spent for their sake--higher benefits, award programs, etc. If these problems continue, both sides lose. A company without decent employees will not make money for the stakeholders, and eventually they will have to lay off employees because there is not enough money to pay them. That equals no money for stakeholders and no jobs/money for employees. A smart company will find a way to align the stakeholders and employees desires. Give employees some ownership in the company, or at least give them bonuses for running a tight ship. One thing to remember is that Shareholders and Stakeholders are not the same thing. They both have different meanings and different purposes
How do you develop a console in Game Dev Story?
To develop a console, you first need to change one of your employees into a Hardware Engineer.
What are the benefits of the company Mycorporation?
There are many benefits of the company Mycorporation. Specifically they help small businesses develop benefits and plans for their companies and employees.
What are the major requirements of Microsoft company from their employees?
own decisions & must be able to develop & improve new ideas
A company has 73 employees of whom x are members of a union How many employees are not union members?
Need value of x to answer.
Why would a company need employee evaluation software?
Employee evaluation software is used by a company to universally and fairly measure performance in their employees. This can be critical for a large corporation with thousands of employees.
What does the workers comp insurance company need from the employer?
The workers comp insurance company requires the employer to insure all the employees.
What do you think make a company successful?
to make a company successful i thik u need a lot of employees a motto and a decent logo on a advert
Does every company have an employee handbook?
No, but a company of any size probably will. It's useful for making sure employees have access to the information they need.
How can a company develop a policy for handling communication of sensitive issue inside and outside the company?
Companies can develop policies for handling communications of sensitive materials by creating official documents or employee handbook rules with clear instructions. Once policies are created, employees should be trained thoroughly on them.
In the United States can one company be an employee of another company?
Only humans can be employees. The employees of a subsidiary company are also the employees of the parent company, unless the subsidiary is unusually and intentionally independent.
Do employees need to take training courses?
Yes, many companies will pay for your extra training if you need it. It depends on what the training is and your company.
Does an employer need to notify employees of health insurance changes?
Yes, unless the Insurance Company is doing it.
