Rose Smith Abstract This paper is about the International Forest Products company’s downsizing in Ouachita County. The HR director had a meeting with the president, and the president told the HR director that the company must lay off 30 percent of the employees to reduce the cost of the company. According to Human Resource Management, chapter one states that the most an important factor that affects the company is capital. Capital is defined as enabling the company to generate income, increasing company stock price, “economic value,” strong positive brand identity, and a good reputation (Mondy & Martocchio 2016). There are different types of capital including financial capital (cash), equipment capital, and employees who have certain skills, knowledge, and ability in the company are called human capitals. Although capital is the main factor in HR, there are many more factors which highly interrelated in HRM. As an HR director, he/she also need to consider ...
Comments
Post a Comment