Human Resource Management in Family Businesses

Veland Ramadani, Esra Memili, Ramo Palalić and Erick P. C. Chang
Additional contact information
Veland Ramadani: South East European University
Esra Memili: University of North Carolina at Greensboro
Ramo Palalić: International University of Sarajevo
Erick P. C. Chang: Arkansas State University

Chapter 7 in Entrepreneurial Family Businesses, 2020, pp 121-135 from Springer

Abstract: Abstract This chapter overviews the human resource management (HRM) role in private firms, providing the best guide to the whole organizations. As a powerful tool, HRM mediates between the top management and employees, providing both sides their satisfaction. Thus, the content of this chapter stresses the general practices in HRM while providing the best ways regarding employees’ welfare, rights, and obligations. Additionally, it describes how private firms try to get the best talents necessary to contribute to firms’ growth and development. Moreover, other motivational means like appraisals, compensation, professional training, and development of employees in private firms are depicted.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-47778-3_7

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DOI: 10.1007/978-3-030-47778-3_7

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