HR - Human Resource Management [OVERVIEW]

Human Resource Management

Introduction

Human resource management plays a crucial role in running a business smoothly. It involves tasks like planning for staffing needs, hiring and training employees, managing benefits, and retirement plans. Dealing with employment laws adds another layer of complexity to this field. HR managers must know and follow these laws, create and enforce company policies, and handle employee issues. Exploring business crimes also highlights how HR helps maintain ethical standards in a company.

Knowledge Questions

In this module, we will be unraveling these knowledge-based questions:

    1. What types of crimes affect businesses and what can businesses do to help deter these crimes?
    2. What specific legal areas commonly affect personal and business relationships?
    3. What legal requirements apply to starting and operating a business?
    4. How can I go about recruiting, hiring, and retaining employees for a business?
    5. What employment and labor laws impact businesses?

Key Terms

Bankruptcy | legal procedure to help people or businesses get out of debt

Bribery | offering, giving, receiving, or soliciting something of value to influence the actions of an individual or organization

Business license | required by the federal government to legally operate businesses in some fields

Contract | a legally binding agreement between two or more parties

Discrimination | when people treat others unfairly based on things like race, gender, age, or religion

Embezzlement | when someone wrongfully takes funds or property entrusted to their care

Harassment | a type of discrimination when things are done that create an intimidating, hostile, or threatening environment

Patent | prevent others from copying, making, using, or selling your invention without permission

Racketeering | a coordinated effort consisting of multiple individuals that involve a variety of illegal activities

Trademarks | apply to distinguished logos, brand names, phrases, etc. They protect your brand from being used by others without your permission

White collar crime | crimes usually committed by business professionals

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