HRM200 Lecture Notes - Lecture 1: Strategic Management, Performance Appraisal, Absenteeism

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: William Peckham

Document Summary

Hrm: the management of people in organizations to drive successful organizational performance and achievement of the organizations strategic goals. Responsible for ensuring that the organization attracts, retains, and engages the diverse talent required to meet operational and performance commitments made to customers and shareholders. Their job is to ensure that the organization finds and hires the best individuals available, develops their talent, creates a productive work environment, and continually builds and monitors these human assets. Primary responsibility for managing the workforce that drives organizational performance and achieves the organization"s strategic goals. Hrm involves formulating and implementing hrm systems (such as recruitment, performance appraisal, and compensation) that are aligned with the organization"s strategy to ensure that the workforce has the competencies and behaviours required to achieve the organization"s strategic objectives. Crucial that the hr strategy be aligned with the company"s strategic plan. Human capital: the knowledge, education, training, skills, and expertise of an organization"s workforce.