MHR 523 Lecture Notes - Contingent Work, Human Resources, Canadian Business
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.