MGT 302 Study Guide - Midterm Guide: Civil Rights Act Of 1964, Paq, Occupational Information Network
Document Summary
What is human resource management? all activities relating to the attracting, deploying, motivating, retaining, developing, and rewarding of qualified, high-performance workforce. What are some characteristics of hrm? respond to competitive marketplace, linked to strategic plans, etc. Progressive human resource management practices designed to enhance employees competencies and productivity. What are the human resource activity areas/domains? organization design, staffing, performance management and appraisal, employee and organizational development, reward systems and benefits, employee-employer relations, employee health and safety. Increased globalization of the economy,; technological changes; increase in litigation related to. Human resource management; changing characteristics of workforce; increasing diversity. What is competitive advantage? ability of a firm to formulate and implement strategies that place it in a favorable position relative to other companies in the industry. 90% of workforce growth is from women and minorities, median age of workers is 38, baby boomers are not retiring, less turnover.
