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Fair Damage on Various Economies - Case Study Example

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The paper under the title 'Fair Damage on Various Economies' presents Martin who has defined redundancy in 2000 as “the work for which the employee was employed has ceased or diminished. Here the selection of a particular individual has to be shown to be fair”…
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Fair Damage on Various Economies
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Download file to see previous pages The human resource department in any organization of this world has gained most importance in the modern era, it is because of the fact that whatever an organization achieves, it achieves on behalf of human resources, today human resource gains the utmost importance in every field simply because of the growing demands of the world, there is an entire process used in organization for employees, which includes all the happenings from their selection to retirement or redundancy.
The employment is always related to the well being of the economy, if an economy is having job saturation and the employment cycle is not working well than it automatically makes an economy weaker and unstable, as a consequence other related factors are also affected, such as GDP/GNP, so in order to keep an economy healthy the working of the employment cycle should be proper and the various sectors running a country’s economy should keep in view those important things that can disturb the economy of that country.
The entire unemployment process starts from the point when the disturbance is caused in the society, which in the case of Europe was the beginning of the nineteenth century when the industrial sector gained popularity and concepts of trading started getting prominent, in that time the employment and unemployment had taken place, the growing number of policies and rules were also causing unemployment, it had almost discouraged every person from the working class, because they had no surety of their current job, it was becoming a problem, but most importantly the government had planned of working with the best human resources possible, one can imagine that if everybody in this world would be at his/her level best then there would be no need of hiring and firing, and it would have been a heaven, but in real case it is always difficult to find the best, and it doesn’t really mean to fire the average or poor to hire the best. ...Download file to see next pagesRead More
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