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HRM week 2

by: Carrie Notetaker

HRM week 2 HRM 1101 - 006

Carrie Notetaker
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About this Document

Notes cover the basics of the economy, investing, and big companies (how they succeed)
Katherine Nelson (P)
Class Notes
Economics, business, human resources, basics





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This 2 page Class Notes was uploaded by Carrie Notetaker on Monday September 5, 2016. The Class Notes belongs to HRM 1101 - 006 at Temple University taught by Katherine Nelson (P) in Fall 2016. Since its upload, it has received 14 views. For similar materials see LEADERSHIP AND ORGANIZATIONAL MANAGEMENT in Business at Temple University.


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Date Created: 09/05/16
HRM 09/06 Economy 1. Public sector: government agencies 2. Private sector: public and private corporations, banks, etc  Offer stock options for compensation  Raise capital with bonds and stock  Goal: enrich shareholders, produce product and make money 3. Academic sector: schools, universities 4. Business cycle: generally, contracts for 6 months to 2 years 5. Investors: people who buy stock of publicly traded companies  Mutual funds, hedge funds have the power to move the market *Descriptions in PPT  Individual investors don’t have as much power; 401 k plans, investing is encouraged by employers in order for employees to receive discounts 6. Credit score: FICO (300-850 range) >700 = good  35% payment history  30% $$$ owed  15% length of credit time  10% new credit  10% type of credit 7. Investing: start early 8. Elevator pitch: who you are? what you’re about? (what are you good at?) why are you there? 30 seconds long HRM 09/08 Work place/Companies 1. Best workplaces involve: leadership, culture, communication, human connections  Low turnover  Great benefits  Flexible hours  Salary 2. Some of the top companies: Google, SAS, Quicken Loans 3. Turnover: employees who leave for any reason (huge cost for a company; average cost = 150% of someone’s annual salary) 4. Built to Last by Jim Collins; comparing companies that thrived to companies that could have, but did not 5. Clock building rather than time telling; building clocks instead of asking for the time ex: GE, HP (Hewlett-Packard), Netflix


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