HRM 2201 Lecture Notes - Lecture 3: Human Capital, The Employer
Document Summary
Employee & labor relations (3) sets of forces facing today"s hr professionals (18) Environmental demographics, globalizations, unions, society, economy, technology. Employee human capital, motivation, change, my rights, work-life balance. In times of recession, union attention switches to issues of job security. Union objectives during periods of economic growth favor wage and benefit plan increases. Government fiscal & monetary policies also influence (2) key actors employers and unions. Industries where there is elastic" demand for their product are more mindful of the impact of cost increases. Common law originates from the decisions of judges; applied in non-union settings particularly with respect to termination of employment cases. Yellow dog contract (test) employees sign agreement that they would not partake/ support any union activity. Types of employers: (1) service producing employers, (2) good producing employers. Historically employers seek to increase profitability for their organizations. The impact of the objective is to improve productivity within its organization.
