Management and Organizational Studies 3384A/B Chapter Notes - Chapter 5: Job Analysis, Organisation Climate, English Language Evenings

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3384A/B
• Professor: Cristin Keller

Document Summary

Mos 3384 chapter 5: recruitment the long term employment contract between employer and employee, no longer applies. Result of increased competition, rapid information exchange, new management tools, and focus on shareholder interests. He planning horizon for firms is now much shorter for employers in tight labour market retaining employees has become a persistent challenge. Four important decisions about recruiting: how much importance should we assign to human capital? successful firms recognize that human capital spells the difference between success and failure. Investors place a much higher value on companies that improve their bottom lines through revenue growth rather than through simple cost cutting. Ocused on the short term and is governed by rules, rather than shared values. High-commitment human resource strategy (where the employer seeks a close relationship with employees and where opportunities for personal and career deve )pment are built into employment practices) is used most effectively in organizations facing considerable environmental and technological uncertainty.