COMMERCE 2BC3 Chapter Notes - Chapter 1: Holt Renfrew, Human Resource Management, Botulinum Toxin
10 Dec 2018
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Hr chapter 1: human resource management: refers to the policies, practices, and systems that influence employees behavior, attitudes and performance. Holt renfrew revamped its compensation structure by making base salaries more competitive and adding a new benefits program that added services such as botox, it managed to raise the annual sales from 9% to 43% Companies must be prepared to deal with the global economy, companies without international operations are affected by the global economy: companies are staying competitive through strategic alliances, mergers, and acquisition, ex. Prepare employees to work in foreign locations: technology: refers to a company"s ability to adapt and incorporate technology into everyday workflow, the internet introduced e-commerce which allows companies to run businesses through the web. Companies to save on costs by establishing an online presence: ex. Advances in technology and reduced costs: mobile technology, social networking, better access to research and resources, telecommuting, employees being constantly contactable requires hr to develop more flexible work schedules.
