With the minimum wage in BC previously the lowest in the country at $8.00 an hour (with a training wage of $6.00), the Clark government has introduced a minimum wage raise from $8.00 an hour to $10.25 an hour by May 1st, 2012. This is effective towards the economy as it raises the amount put into the economy however not effective in terms of business.
Because of the raise in minimum wage, the average wage in BC should increase just to balance out the minimum wage increase. This means that there would be an increase in operational costs for a business. In the future, it should balance out however in present times, there would be a hiring freeze in effect due to the fact that businesses need to be able to cope with increased operational costs. With that said, eventually the money should trickle back down to businesses, making it more beneficial in the long run.
Thursday, June 9, 2011
Tuesday, June 7, 2011
Human Resource Management
With many entrepreneurial enterprises, human resources management is viewed as the factor that you cannot make any mistakes, as it poses a risk of the businesses success or failure. Human resources management is typically the systematic process of acquiring, developing, rewarding and maintaining an organizaion's people resources so as to maximize performance. With that said, it takes time for an organization to fully develop into what would eventually be an efficent and successful business. This is usually due to the shortcomings that need to be overcome due to the different challenges that occur along the way.
There are many challenges associated with Human Resources, such as Attracting a large pool of high-quality job candidates. It's quite the typical challenge to try to find a qualified person for the job. Speed in the hiring process and the time that it takes to train the person also plays a role as usually when you post a job, you need to quickly increase job productivity by filling in the role as quickly as possible. Finally, attractive wages and benefits also play a definite role as people need to be able to see the job as an opportunity for success and not a dead end for them
In all fairness, Human Resources is one difficult department be working in. The process of trying to find someone to fill in the role of a space that's left vacant is definitely the challenge. Finding the right person to proprely promote a positive environment and job productivity is another.
There are many challenges associated with Human Resources, such as Attracting a large pool of high-quality job candidates. It's quite the typical challenge to try to find a qualified person for the job. Speed in the hiring process and the time that it takes to train the person also plays a role as usually when you post a job, you need to quickly increase job productivity by filling in the role as quickly as possible. Finally, attractive wages and benefits also play a definite role as people need to be able to see the job as an opportunity for success and not a dead end for them
In all fairness, Human Resources is one difficult department be working in. The process of trying to find someone to fill in the role of a space that's left vacant is definitely the challenge. Finding the right person to proprely promote a positive environment and job productivity is another.
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