HRM/531 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in Week Six. It contains practice questions‚ which are related to each week’s objectives. In addition‚ refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Influence of Employment Laws on Human Resource Management Objective: Determine if an organization is in compliance with employment laws. 1. Title VII of the 1964
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RESOURCE MANAGEMENT SYSTEM(HRMS) A first review report (Submitted by Candidate’s Name ASWANI KUMAR A‚ ROLL NO: 1110MBA1012 Reg No : 68311200362) 1 NEED FOR THE STUDY Researching business technology can be a daunting task and finding a Human Resources Management System (HRMS) that meets the unique needs of your business‚ and offers ease of acceptance by your employees‚ can present a challenge. To begin this process‚ I suggest exploring a Web-based HRMS solution‚ which avoids
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1. Within 4 weeks‚ J.T. will maintain a planner to pay her bills‚ remembering to pay all of her utility bills on time for the month. 1. Within 2 weeks‚ J.T. will create a budget for herself‚ appropriately accounting for her monthly bills. 1. J.T. has difficulty with financial management. She doesn’t have enough money to pay the bills after excessive shopping for clothes. Consequently‚ her credit history has been affected. 2. Within 2 weeks‚ J.T. will manage a bill payment planner in order to remind
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1. Costing out these packages has resulted in option 1 being the biggest cost saver. It cuts more benefit costs than option 2. However‚ seeing the benefit preference‚ option 2 seems more likely to be accepted by employees. In option 1‚ the total cost savings from adding copay‚ benefit reductions‚ and the Lightning Industries pension plan comes to an estimate of $1‚173 in savings. Option 2 has improved claims processing for unemployment compensation‚ workers’ compensation‚ and long-term disability
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Week 4 Discussion Questions • What are main elements in calculating the cost of capital? How does an increase in debt affect it? How do you identify an organization’s optimal cost of capital? • The main elements in calculating the cost of capital are cost of debt‚ cost of equity‚ preferred stock and common stock. • An increase in debt indicates a higher risk which can increase the required rate of return which raises the cost of capital. Higher debt can also accrue additional costs. • By mixing
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HRM Midterm Study Guide Evidence Based Management Article Understand the general message/point the author is making The author is basically saying that most of our knowledge in all industries is not based on evidence (as logic would suggest be the basis of our work)‚ but rather on dogmatic assertions from the past. We choose to do things because they are the way things have always been done‚ not because they are the most efficient. The author suggests moving to a more evidence based management
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to the product and the costs of producing it. It is determined through the performance of the different value creation functions. R&D -Innovative Products Production -high quality of ingredients -40% of total costs are food costs Marketing -Outback has won several awards‚ good PR -Corporate identity through a common theme of all restaurants -High value for money leads to a good image of the company -Community involvement Materials Management -good relationships to the suppliers Human Resources
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The revolutionary trends of computerization have reached the peaks achieving global goals in all fields and sectors. The HRMS systems getting computerized are leading to a new and innovative way to approach to above said. With the major organizations hosting services of HRMS our project specifically aims to the total computerization of the HRMS. With the total automation of HRMS‚ the manual dependency is minimized to a large extent. It inherits all the properties of computerizing a system which includes
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important for all organizations to maintain a well trained and effective human resource team as it is directly affiliated with the personal policies and practices that influences the workforce. Today we will be focusing on two strategic issues that HRM faces: 2. Merger and acquisition 3. Offshoring 2. MERGERS AND ACQUISITION Mergers typically involves two companies usually smaller scale companies joins arms and becomes one to attain better growth for the company. Acquisition is an action where
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HRM 400-100 HUMAN RESOURCE MANAGEMENT FALL 2012 PROFESSOR: DR. DENNIS KRIPP HOTEL PARIS CASE PAPER #1 The Question is: How can we create an efficient human resource management system that can help the Hotel Paris achieve its strategic plans and goals? In order to achieve its strategic plans and goals‚ there are some basic HR strategy processes that Hotel Paris pursue. First of all I’d like to summarize the hierarchy of links among the hotel’s HR practices‚ necessary workforce competencies
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