HRM 3410 Lecture Notes - Lecture 1: Scientific Modelling, Human Capital, Task Analysis

• School: York University
• Department: Human Resources Management
• Course: HRM 3410
• Professor: Ken Mc Bey

Document Summary

Ans: 1. 3 (t & d main objective of t & d is to develop human capital & social capital. Training: formal and planned efforts to help employees acquire knowledge, skills and abilities (ksas) to improve performance in their current job (short-term focus). Development: formal and planned efforts to help employees acquire ksas required to perform future job responsibilities (longer-term focus). The primary objective of t&d is to develop and maximize: Human capital: the knowledge, skills, and abilities of an organization"s employees as it is the key determinant of organizational performance. Human capital development is the major concern of employers and t & d is the main strategy to address this concern. Social capital: the social resources that an individual obtains from participation in a social structure. Just like human capital, employer can use the organizational social capital (relationships built by employees with external stakeholders and among themselves) to achieve its performance goals.