27.02.2018 Views

HRM textbook

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

LEARNING OBJECTIVES<br />

1. Describe a comprehensive approach to retaining<br />

employees.<br />

2. Explain why employee engagement is important, and<br />

how to foster such engagement.<br />

3. Discuss what employers and supervisors can do to<br />

support employees career development needs.<br />

4. List and discuss the four steps in effectively coaching<br />

an employee.<br />

5. List the main decisions employers should address in<br />

reaching promotion decisions.<br />

Company s<br />

Strategic Goals<br />

Employee Competencies<br />

and Behaviors Required<br />

for Company to Achieve<br />

These Strategic Goals<br />

IBM celebrated its centenary in 2011, marking 100 years<br />

since Charles Flint founded it to provide punch card<br />

tabulating machines for making business computations. 1<br />

Staying in business that many years is a feat shared by few<br />

companies. Most credit IBM s ability to adapt to changing<br />

customer needs for its longevity. Today, IBM faces a new<br />

threat. Technology is changing so fast that IBM will soon<br />

need a workforce with dramatically different skills than its<br />

workforce has now. What should it do to build that new workforce,<br />

and to retain the employees it needs to move ahead?<br />

Placement<br />

Recruitment and<br />

Training and<br />

Development<br />

HR Policies and Practices<br />

Required to Produce<br />

Employee Competencies<br />

and Behaviors<br />

Strategic and Legal<br />

Environment<br />

Relations<br />

Employee<br />

Compensation<br />

WHERE ARE WE NOW . . .<br />

Having invested time and resources in<br />

selecting, training, and appraising<br />

employees, the employer naturally wants<br />

its employees to stay with the firm.<br />

Unfortunately, keeping good employees can<br />

be challenging. The main purpose of this<br />

chapter is to help you be more effective<br />

at improving employee retention,<br />

engagement, and careers. The main topics<br />

we ll address include employee retention,<br />

employee engagement, career development,<br />

coaching employees, and promotions.<br />

Access a host of interactive learning aids at<br />

www.mymanagementlab.com to help strengthen<br />

your understanding of the chapter concepts.<br />

MyManagementLab<br />

321

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!