AFM131 Chapter Notes - Chapter 12: Human Resource Management, Baby Boomers, Employee Retention

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Shortages of trained workers in growth areas, such as stem. Shortage in workers in skilled trades due to the retirement of baby boomers. Increasing number of baby boomers who delay retirement due to downturns in the economy or move to lower level jobs: prevent the promotion of younger workers. Increasing number of single-parent and two income families: demand for job sharing, parental leave, special career advancement programs for women. Determining your human resource needs: preparing a human resource inventory of the organization"s employees. It is necessary to recruit and train those who have the relevant skills. Job description a summary of the objectives of a job, the type of work to be done, the responsibilities and duties, the working conditions, and the relationship of the job to other functions. Statements about the job: job specifications written summary of the minimum qualifications required of workers to do a particular job.