All functions dealing with people must also be administered in a fair and equitable manner. In other words, both the procedures and the decisions of HRM must be fair and equally applied across all levels of the organization.
These procedures and decisions must also be efficient and reflect the aims of the organization. Integrating equity and efficiency can be difficult because they may conflict with one another.
The decisions made in the human resource management area affect all the stakeholders of an organization. A stakeholder is any person or group affected by the organization.
The stakeholders of most organizations would include: employees, stockholders, managers, consumers, unions, regulatory agencies, and neighbors.
Wednesday, May 4, 2011
Equity and Efficiency
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