Fundamentals of Human Resource Management

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Fundamentals of Human Resource Management

Brief Contents:
  • UNDERSTANDING HRM
  • THE LEGAL AND ETHICAL CONTEXT OF HRM
  • STAFFING THE ORGANIZATION
  • TRAINING AND DEVELOPMENT
  • MAINTAINING HIGH PERFORMANCE

The sailing crew on the cover faces many of the same goals and challenges as any organization in our unpredictable business environment. Success and possibly survival depend on a well designed boat with a carefully selected and thoroughly trained crew that understands the strategy of the race. They must be able to quickly adjust the sails, rigging, and rudder to keep moving forward and somehow gain a competitive advantage. Some external factors such as the competition may be visible and predictable, but invisible factors such as the wind and waves may be unpredictable and require minor adjustments or a major change in strategy. When organizations face challenges such as an economy in recession, they depend on thoroughly trained professionals who react quickly to the changes in the environment and create strategies for success. 


Human Resource Management (HRM) is responsible for carefully selecting and training people with the necessary skills to pursue the strategy effectively. Some external factors can be predicted; others, such as the collapse of large banks and insurance companies, can seemingly come out of nowhere. The challenges have been coming fast and furious recently as organizations struggle to adjust strategy in the face of a tumbling stock market, widespread layoffs, bankruptcies of companies once considered to be icons in their industries, an increasingly global environment, changes brought by a new U.S. president, and technology that has made social networking a mainstream tool for business—just to name a few! Welcome to the tenth edition of Fundamentals of Human Resource Management. It is truly an exciting time to be studying Human Resource Management. 

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