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Lesson 4 2023
Lesson 4 2023
“It is not enough to hire and train workers to meet an organization’s immediate
needs. They must be successfully retained, nurtured and managed for long-term
effectiveness. If talented workers leave to pursue other opportunities, the
resulting costs for the employer can be staggering.” According to a survey, the
most effective tools for maintaining a quality workforce were good benefits,
competitive salaries, flexible work schedules and personal time off, and
opportunities for training and development.
Learning Outcomes
Be sure you can:
a. Define the terms career plateau and work life balance
b. Discuss the significance of each term for the human resource management
process
c. Explain why compensation and benefits are important elements in human
resource management
d. define the terms labor contract, labor union and collective bargaining
e. Compare the adversarial and cooperative approaches to labor-
management relations.
Career Development
What is career?
Career is a sequence of jobs and work pursuits that constitutes what a person
does for a living. A career begins on an anticipatory basis with our formal
education - - then into an initial job choice and any number of subsequent choices
that may involve changes in task assignments, employing organizations and even
occupations.
Career Switching
This is the shift from one career to another because they have no other choice
due to forced retirement, layoff, or boredom in their present job. (It can also be
because of skills deficiencies or obsolescence)
Career Stages
1. Growth stage – the period from birth to age 14, where the adolescent
develop preliminary ideas about what his or her interests and abilities are
2. Exploration stage – (15-25) explores various occupational alternatives,
matches alternatives to interests and abilities
3. Establishment stage – (26-44) the heart of most people’s working lives/
involves creating a meaningful and relevant role in the organization.
4. Maintenance stage – (45-60) the person receives her/his place in the world
of work and most efforts are now directed at maintaining that place. At this
stage, the individual should already prepare for the next stage while
preparing to cope with becoming plateaued.
5. Decline or disengagement stage – (60 and above) the prospect of having to
accept reduced levels of power and responsibility and learn to accept and
develop new roles as mentor and confidant for those who are younger.
Then, there is the more or less inevitable retirement, after which the
person finds alternative uses for the time and effort formerly spent on
his/her occupation
Assignment:
1. What is work-life balance?
2. Know the minimum wage in Region II across industries and identify the
mandated benefits both for government and private employees.