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At the end of World War II in 1945,many economists and business managers expected that the U.S.economy would enter a severe recession.At that time,Sears and Montgomery Ward were the two largest department store chains in the country.Sears CEO Robert Wood expected continuing prosperity and opened new stores.Montgomery Ward CEO Sewell Avery expected falling incomes and rising unemployment and closed a number of existing stores.The results of their actions were seen during the late 1940s,when
HRM Process
The series of systematic steps undertaken by a human resources department to recruit, hire, manage, and develop a company's employees.
Human Capital
Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Human Resource Planning
The ongoing process of systematically planning ahead to optimize and meet the future human resource needs of an organization, in alignment with its strategic goals.
Recruitment
Recruitment is the process of identifying, attracting, interviewing, selecting, and hiring employees to fill job vacancies within an organization.
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