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1. It is no better to pay employees too little than to pay too much 2.

Competitive pressures have very little impact on the strategies of many companies 3. Until recently companies have never been concerned with the personnel problems of their employees 4. The one bread winner households is rapidly disappearing in the 21st century especially in developed countries

5. Life time employment will reduce the managers power to exact compliance through the threat of termination. 6. Competent employees will remain competent forever 7. Higher productivity is what makes the organisation thrive 8. Personnel depts are mainly health and happiness depts

9. Economic resources by definition are scarce 10. Getting and keeping good people is critical to the success of the organisation 11. People are a source of competitive advantage when they improve the efficiency of effectiveness of the company 12. Technology and globalisation are the only driving change in organisation these days

13. Human capital can be managed the way organisation manage jobs, products and technologies 14. Meeting customer expectation is essential for the orgn 15. Downsizing is planned elimination of jobs 16. People have never been central to the organisation

17. Many organisations have restructured in the past few years in order to become more competitive. 18. Productivity at national, organisational, and individual levels is critical to organisational success. 19. People are a source of competitive advantage when their skills, knowledge and abilities are easily available to competitors

20. A well designed strategy can fail if sufficient attention is not paid to the HR dimension

The process of intergrating employee needs and aspirations with organisational needs. The process of bringing people and organisations together so that the goals of each are met A method by which an organisation collects , maintains and reports information on people and jobs Ones skills, abilities in meeting the needs of the job one is holding currently

Act of increasing the knowledge and skills of an employee for doing a particular job The ratio of an organisations output to its input The efforts to make life worth living for workmen Using the minimum amount of resources needed to produce goods and services Producing the right goods or services society deems appropriate Benchmarks against which actions are evaluated

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