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Human resource management
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Excerpt from Research Paper:
Human resource management
......2.3. Human resources development
In a most simplistic formulation, the development of the human resource refers to processes by which the skills and professional abilities of the employees are enhanced with the final purpose of having them better support the accomplishment of the organizational goals. Techniques through which human resource development is implemented include training programs, mentoring, coaching, tuition assistance or employee career development (Heathfield)
2.4. Compensation and benefits
Compensation is generically understood as the sum of money through which the efforts of the employee are remunerated. Aside the actual salary, a difference in the employees commitment to reaching organizational goals can be offered by the benefits, such as retirement plans, insurances (normally life, health and disability), vacation, flexible working schedules, employee stock ownership plans and so on (McNamara)......
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