HRM200 Lecture Notes - Lecture 1: Human Capital, Employee Engagement, Offshoring

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

Document Summary

Organization: people with formally assigned roles who work together to achieve the organizations goals. Manager: the person responsible for accomplishing the organizations goals, and who does so by managing (planning, organizing, staffing, leading, and controlling) the efforts of the organizations people. Management process: the five basic functions of planning, organizing, staffing, leading, and controlling. Human resource management (hrm): the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns: planning: establishing goals and standards and developing rules and procedures. Why is hrm important to all managers: avoid personnel mistakes. Hiring the wrong person, wasting time during interviews, going to court for discriminatory action, being cited for unsafe practices etc: improve profit and performance. Helps to motivate, appraise and develop employees. Adhering to its sexual harassment policies: staff (assist and advice function) advising and assisting line managers is the heart of an hrm"s job.