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Human Resources

Human Resources (HR) is responsible for the implementation of policies and strategies relating to the management of people in an organization. Its key functions include recruitment and selection; employee recordkeeping; compensation and employee benefit management; and training and development.

2,946 Questions

Can an employer rehire after having a lay off?

Absolutely. A company that lays off workers is not doomed to forever remain at the new, smaller size.

Employees who are laid off and not rehired may have grounds for a lawsuit if they can show the layoffs and subsequent hirings were discriminatory in nature. For example, if you lay off a group of workers and then rehire all those under 30 years old, a 50 year old who was laid off might be able to claim that the layoff was a pretext for age discrimination, so a company who lays off workers and then hires some of them back (or replacements for the same jobs) had better very carefully document the reasons the re- or new hires were chosen over laid-off workers who were NOT rehired, and those reasons had better be legally valid ones ("he's clearly more qualified" is legally valid; "he's white" is almost certainly not).

Can working privately in your own time for a business customer without your employers consent to save them money and to supplement your own personal income be considered an example of theft fraud?

This might not be theft or fraud in legal terms, but it is an example of unprofessional and unethical behaviour. It is unethical because your employer is being deprived of legitimate business that they have built up as a consequence of your acting for your employer's client in this private capacity. It is also unethical because many of the skills you possess to carry out this work will have probably been gained from the training and experience provided by your employer. You may also be in breach of your contract, particularly in a situation where there is a conflict of commercial interest between you and your employer.

What is the role of health and education for developing humans as a resource?

Those who are in good health and have more education are great assets to a country. They can go on and make new technology or run the country better than those who are uneducated or in poor health.

What do you understand by capitalization of earnings How is the value of a firm ascertained with the help of its earnings Explain with an example?

'Capitalization Of Earnings'

A method of determining the value of an organization by calculating the net present value (NPV) of expected future profits or cash flows. The capitalization of earnings estimate is done by taking the entity's future earnings and dividing them by the capitalization rate (cap rate). This will take into account the risk that earnings will stop or be lower than the estimate.

Where:

d = discount rate

g = growth rate

This is an income-valuation approach that determines the value of a business by looking at the current benefit of realizing a cash flow now, rather than in the future. The capitalization of earnings is particularly useful when the future earnings can be predicted easily and accurately.

For example, if a company had a business that made $1.2 million last year and that was expected to grow at a 4% rate (plus a 3.25% inflation rate), the annual rate of return needed by a purchaser given the level of risk would be 26%. Expected value using the capitalization of earnings method would be $6.4 million, calculated as:

-$1,200,000/ (0.26 - (.04+.0325))

-$1,200,000/0.1875

-$6.4 million

What is the role of human resource management in production management?

Human Resources main role is to provide the framework for human capital management required for production. That includes strategic workforce planning and human capital risk management.

Why people or human resource are crucial in the organisation?

human resources are crucial in the organisation because an organiastion cannot run without it.Machines can be made and function only by the human resource

What are the similarities of human resource management and industrial relations?

There are a few similarities between human resource management and industrial relations. One of them is that human resource management and industrial relations affect the employees, or workers, of a company. Another similarity is that human resource management and industrial relations refer to matters in the work environment.

Will we ever run out of metal?

While we are unlikely to run out of metal entirely, the availability of certain metals can become constrained due to over-extraction, declining ore grades, and environmental factors. Recycling and advancements in technology can help mitigate these shortages by extending the life of existing materials and improving extraction processes. However, the demand for metals is increasing, particularly with the growth of industries like electronics and renewable energy, which may lead to regional shortages of specific metals. Sustainable practices and alternative materials will be crucial in managing metal resources in the future.

What are the resources that are deficit in odisha?

very recently odisha is suffering from electricity problem although it has coast belt but still due to lack of technology power generated id deficit in amount

What are the answers for chapter25 medical practice management and human resources answer sheet?

Dr Hughes enjoys offering ... To employees who perform over and above the call of duty?

Why human resources planning is important to an organisation?

because its proven that human are important source in any organization and we should not only plan for them also we should empowerment them.without planning we cant expect from employee to do the right things so we should planning and aware them what we want from them.

How are human and human made resources connected?

Human resources refer to individuals who contribute their skills and knowledge to organizations. Human-made resources are products of human labor and include tools, infrastructure, and technology used in production. Human resources create, operate, and manage human-made resources to enhance productivity and efficiency in various activities. Thus, human resources rely on human-made resources to carry out their work effectively.

What are main objectives of Human Resource Planning?

To decide what kind of prospective employees required for an organization,either skilled,semi-skilled or unskilled and to decide which job will suites for whom

What are some examples of financial and human resources necessary to ensure the effective operation of the ohs system?

One of the examples of fniancial and human resources necessary to ensure the effective operation of the OHS System is the Health and Safety System for personnel.