Chapter 11: Human Resource Management - McGraw-Hill Introduction to Business

U.S. Billionaires Have Made $584 Billion During the Pandemic

June 30, 2020

According to experts, the coronavirus pandemic has deepened economic inequality and expanded the racial wealth gap across the U.S. While the unemployment rate for white workers sits at 12.4 percent, the rate among black and Hispanic workers has gone up to 16.8% and 17.6% respectively. But while many poor Americans struggle to make ends meet, the wealth of the nation’s 614 billionaires has increased by $584 billion.

These top-end earners make most of their money on the stock market, which Continue reading →

Income Inequality, Unemployment, Regulation, Health, Stock Market, Coronavirus, Ethics

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 19: Securities Markets

Nearly 1.5 Million More People Filed for Unemployment for Last Week

June 26, 2020

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For the 14th week in a row, more than 1 million people filed for unemployment benefits as fallout from the pandemic continues to hurt workers across the nation. The last three weeks have each seen the number of newly unemployed Americans hover around the 1.5 million mark, an ominous sign that economic recovery could still be a long time coming.

Although some people have returned to work as states reopen, the rising number of coronavirus cases threatens to once Continue reading →

Regulation, Economics, Health, Ethics, Layoffs, Human Resources, Coronavirus, Unemployment

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter A: Business Law

Uncertainty Abounds as States Reopen But Coronavirus Cases Rise

June 25, 2020

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After months on lockdown, states across the country have relaxed stay-at-home orders and allowed businesses to gradually resume operations. This slight return to normalcy caused the stock market to rally over the last few weeks to levels approaching its January 2020 highs. But even though many Americans are desperate to return to something resembling normal life, coronavirus remains a dangerous threat to public health. In fact, cases of infection have been steadily rising as states and businesses reopen.

As a Continue reading →

Global, Regulation, Ethics, Health, Product Distribution, Recession, Stock Market, Coronavirus, Economics, Operations Management

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Chapter 15: Distribution, Chapter 19: Securities Markets, Bonus Chapter A: Business Law

Juneteenth to Become Paid Holiday at Major Companies

June 18, 2020

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Tomorrow is Juneteenth, a holiday that commemorates the end of slavery in the U.S. Although few major companies observed this day of remembrance in the past, many are now correcting this mistake in response to the protests that have been going on for weeks in cities across the country. Firms like Nike, Mastercard, Target, and Twitter recently announced that Juneteenth will become a paid holiday next year. Best Buy offered employees a “paid volunteer holiday” they can use this upcoming Continue reading →

Marketing, Operations Management, Promotions, Ethics, Holidays, Human Resources, Juneteenth, Labor Relations

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 13: Marketing, Chapter 16: Place and Promotion

1.5 Million People Applied for Unemployment Last Week

June 11, 2020

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Tens of millions of Americans have filed for unemployment during the coronavirus pandemic. This historically high number increased by another 1.5 million last week as many people continue to struggle to make ends meet. Although the gradual reopening of businesses has sent some back to work, nearly 21 million Americans are still receiving unemployment benefits. All together, more than 44 million people have applied for unemployment over the course of the pandemic.

“That means 29 percent of the workforce Continue reading →

Ethics, Regulation, Human Resources, Federal Reserve, Labor Relations, Coronavirus, Unemployment

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 20: Money and Financial Institutions, Bonus Chapter A: Business Law

Adidas Tweets Against Racism but Receives Criticism from Employees

June 9, 2020

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For weeks, thousands of people across the country have been protesting against police violence following the death of George Floyd in Minneapolis on May 25th. In response to these historic events, many companies have voiced their support for the fight against racism on social media. Adidas, for instance, released a statement on Twitter expressing how the sportswear brand was “deeply saddened by what we see happening to our black community in America.” The company even retweeted an advertisement made by Continue reading →

Appare, Marketing, Motivation, Global, Ethics, Human Resources, Social Media, Promotions, Labor Relations, Adidas

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

[VIDEO] Explaining America’s Current Unemployment Crisis

May 21, 2020

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With tens of millions of Americans currently out of work, the U.S. is experiencing an unemployment crisis on a scale not seen since the height of the Great Depression. This video looks at the devastating effects of rising joblessness while also explaining how several European governments intervened to avoid disastrous unemployment rates.

Questions:

Why is the U.S. unemployment insurance system not equipped to face the current crisis?
Do you think the U.S. should take a more active role in Continue reading →

Ethics, Regulation, Labor Relations, Health, Unemployment, Coronavirus, Economics, Operations Management, Global

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 3: Globalization, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Bonus Chapter A: Business Law

Women Account for 55 Percent of Coronavirus Job Losses

May 12, 2020

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Last month, 20.5 million people lost their jobs, sending the unemployment rate skyrocketing to 14.7 percent. Economists predict that the actual jobless rate could be even worse when factoring in people who are out of work but not collecting unemployment benefits. Experts also expect that things will only get worse in May as job cuts spread to white-collar workers. “It’s devastating,” said Ryan Sweet of Moody’s Analytics. “There’s someone behind each of these numbers. It’s going to take years to Continue reading →

Health, Food & Drink, Coronavirus, Ethics, Human Resources, Unemployment

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 4: Ethics and Social Responsibility, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions

How Office Plans Could Change in a Post-Coronavirus World

May 5, 2020

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Over the last two decades, many businesses have adopted open office plans that remove barriers like cubicle walls in order to create more space for employees to interact. According to recent studies, though, some modern office plans can actually discourage communication since so many employees go out of their way to avoid interacting with other staffers. Of course, the coronavirus pandemic has made these distinctions irrelevant as offices across the country remain closed and employees work from home.

But while Continue reading →

Health, Open Offices, Office Culture, Office infrastructure, Coronavirus, Motivation, Human Resources

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 10: Motivation, Chapter 11: Human Resource Management

[VIDEO] How One Business Pivoted to Fighting Coronavirus

April 30, 2020

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Although many companies remain closed during the ongoing pandemic, some businesses have been able to alter their operations to produce increasingly vital supplies. This video looks at how Dogfish Head Brewery managed to keep its employees on the payroll while also supplying local hospitals with hand sanitizer.

Questions:

How did Dogfish Head Brewery change its operations to make hand sanitizer?
What is the three-step process that Dogfish Head Brewery used to engage with their community during the coronavirus crisis?

Operations Management, Ethics, Product Development, Entrepreneurship, Health, Human Resources, Manufacturing, Product Distribution, Coronavirus

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 9: Production and Operations Management, Chapter 11: Human Resource Management, Chapter 14: Product and Price, Chapter 15: Distribution, Videos