HRMT 386 Lecture Notes - Lecture 1: Human Resource Management, Workforce Planning, Performance Appraisal
Document Summary
Employers hire workers to accomplish certain tasks within the organization. Employment is said to be an economic relationship there is an exchange of value between the worker and the employer. Specifically, workers will agree to provide their skills and time in exchange for wages and/or benefits from the employer. Basically organizations hire workers to help them provide labour and goods and (cid:449)orkers do the (cid:449)ork to ear(cid:374) (cid:373)o(cid:374)e(cid:455). Human resource management is a function of an organization designed to (cid:373)a(cid:454)i(cid:373)ize e(cid:373)plo(cid:455)ee perfor(cid:373)a(cid:374)(cid:272)e i(cid:374) ser(cid:448)i(cid:272)e of a(cid:374) e(cid:373)plo(cid:455)er"s strategi(cid:272) o(cid:271)je(cid:272)ti(cid:448)es. The primary focus is concerned with the management of people within the organization, focusing on policies and systems. The word resource suggests that people are an important resource and that the employment relationship between employer and employee is extremely important to maintain in the correct way. Hrm is a strategi(cid:272) approa(cid:272)h to the (cid:373)a(cid:374)age(cid:373)e(cid:374)t a(cid:374) orga(cid:374)izatio(cid:374)"s (cid:373)ost (cid:448)alua(cid:271)le resour(cid:272)es (cid:862)the e(cid:373)plo(cid:455)ees(cid:863).