MHR 523 Lecture Notes - Contingent Work, Human Resources, Canadian Business
Document Summary
Economic factors facing canadian business today, including global trade challenges and the challenge to increase one"s own competitiveness and productivity below. To attract & involve highly skilled employees, progressive hr practices have to be adopted; hr issues dominate company strategic priorities raising expectations from the departments. Productivity: ratio of firm"s outputs divided by its inputs (people, capital, energy); increases as firms find new ways to use fewer resources to produce outputs. Major challenge canadian managers face is productivity improvements while maintaining a high quality work life for employees if canada is to improve competitiveness, innovation on people management and technology is needed. Outsourcing: increasingly popular to cut costs; reduces number of employees on permanent payroll. Outplacement: assisting employees to find jobs with other employers. May cause fundamental shifts in lifestyles; two major technological changes which have revolutionized canadian businesses: computerization and automation.