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This informative guide explores key topics in human resources management, from employee relations and union dynamics to negotiation tactics used by both labor unions and management. It delves into the intricacies of industrial revolutions, the impact of influential organizations like the Knights of Labor and AFL-CIO, and the significance of negotiation strategies such as mediation and arbitration. Additionally, it discusses executive compensation practices, globalization's effects on HR functions, work-life balance considerations, the concept of comparable worth, and the importance of addressing issues like sexual harassment in the workplace. The guide also highlights the significance of securing and retaining top talent through effective motivation strategies, emphasizing the high cost of hiring new employees.
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Challenges in Human Resources • Employee relations Working with Unions • Industrial revolution • Knights of Labor • American Federation of Labor (AFL) • Industrial unions • Congress of Industrial Organizations (CIO) • AFL-CIO
Negotiation Tactics used by Unions • Labor contract • Strike, boycott • Mediation, arbitration Negotiation Tactics used by Management • Lockout • Injunction
Executive Compensation • “Going rate” • Determined by profitability • Stock options • Golden parachute Globalization • HR completes same functions • Cultural difference are critical Work-life Balance • Win-win situation
Comparable Worth • Beyond equal pay Sexual harassment • Hostile work environment • 90% settled out of court • Quid pro quo Securing and Retaining the Best Workers • Motivation • Expensive to hire new employees