Strategic Management, Compensations And Employment Concepts

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Strategic Management, Compensations And Employment Concepts
Managers have always understood how important interpersonal skills are to their effectiveness. Recognizing the importance of developing those same interpersonal skills is tied to the need for businesses to obtain and retain high-performance employees. Managers get things done. They also get things done through other people. Utilizing the concepts of organizational behavior is crucial to being an effective owner and manager. Understanding creativity, innovation, motivation, the strengths and weaknesses of employees, roles of management, and the different styles of leadership are all important functions of management. Also, a manager must understand the
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Maslow’s Hierarchy of Needs Maslow 's hierarchy of needs is a theory in psychology, proposed by Abraham Maslow in his 1943 paper, “A Theory of Human Motivation”. His hypothesis stated that within every human being there exists a hierarchy of five needs. These needs are physiological: hunger, thirst and shelter; safety: security and protection from physical and emotional harm; social: affection, acceptance and friendship; esteem: self-respect, recognition, autonomy, and achievement; and self-actualization: the drive to grow and become something, achieving potential and self-fulfillment (Maslow, 1954). Maslow is still relevant to managers today. In order to motivate someone a manager must understand what level of hierarchy the person is on and focus on satisfying that level and those above it. The manager must also account for an individual’s intensity, direction and persistence since this also affects how a person attains their goals (Robbins & Judge, 2007).
Recruitment and SWOT Analysis An important goal of management and the Human Resource Department (HRD) is having the right people, in the right place, at the right time (Armstrong, 1982). HRD uses recruitment to accomplish this and Strength, Weakness, Opportunity, and Threat (SWOT) analysis as a guideline in the process. Recruitment is the selection and screening of the supply of human
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