HRIR 2440 Lecture Notes - Lecture 26: Human Capital

• School: University of Manitoba
• Department: Human Res. Mgmt/Indus Relat.
• Course: HRIR 2440
• Professor: Brianna B.Caza

Document Summary

Chapter 5 *recruitment - is the process of finding and attracting capable individuals to apply for employment. Have to have a recruitment process - also getting data. Selection - involves the identification of candidates from this pool of applicants who best meet job requirements using tools such as application blanks, tests, and interviews. Successful firms recognize that today, more than ever before, human capital spells the difference between success and failure. Competitive advantage - this exist when the firm is able to deliver the same value and benefits as competitors but at a lower cost. If applicants lack the necessary skills and/or aptitudes, considerable additional resources may have to be invested into selection, training and development, employee communication systems, and employee relation practices. If the firms workforce dose not reflect the larger labour market composition, the firm may be asked to pursue employment equity program to correct imbalances.