BSM 200 Lecture Notes - Lecture 8: Resource Management, Bloomberg Businessweek, Gender Pay Gap
Document Summary
Chapter 14: human resource management building a top-quality workforce. 3 qualiies: honest, trustworthy, able to work independently, ime management. Lo1 human resource management: bringing business to life. How to make use of employees in an organizaion. Maximizing the efeciveness of the workforce: having a compeiive edge, maximize proit for shareholders, deploy assets (employees) to make money. Problem- hr is oten unprepared to make strategic decisions; dauning percepion problems. Interpersonal relaionships that afect how the hr people act. Soluion- hr must gain respect and recogniion for their role; focus on raising value of irm"s human capital; senior management must recognize role of hr. 90% of what hr do is administraion, which makes it diicult to use strategies. Usually the line managers help to choose employees since they work with you, have the knowledge. Job analysis: considers what skills the workforce already has and what skills are needed. Consult with students for ive hours per week.