AFM131 Lecture Notes - Lecture 13: Visible Minority, Job Satisfaction, Job Analysis

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Human resource management (hrm) is the process of determining human resource needs then: recruiing, selecing, developing, moivaing, evaluaing, compensaing, and scheduling employees to achieve organizaional goals. Roles of hrm have evolved organizaions recogniion of employees as their ulimate resource changes in the laws that rewrote many tradiional pracices. Hrm receiving increased atenion as the nature of work shits from tradiional manufacturing, to service and high tech requiring highly technical job skills (some older workers need to be retrained) People are the ulimate resource - they develop the ideas that become the products or services that saisfy customer needs. Hiring and retaining good employees is the key to company success. Today qualiied employees are scarcer, escalaing the role of hrm. Challenges in hrm (see list on page 354) Managing talent - including retraining or workers from declining industries. Managing demographics (the most signiicant challenge) improving leadership development. Preparing a human resources inventory of current employees educaion, capabiliies, training, specialized skills.