HRM200 Lecture Notes - Lecture 1: Antz, Dreamworks Animation, Common Hardware Reference Platform

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

Document Summary

Human resources management (hrm) is about the management of people in organizations. Resource (hr) professional makes sure that the organization has the best workers (human capital) in place. This involves formulating and implementing hr practices and systems that are aligned with organizational strategy. Hr practices contribute to the development of embedded knowledge of a firm"s culture, history, processes, and context, which are hard to copy by competitors. Just as organizations require financial capital to operate successfully, they must also acquire, grow, and effectively use the human capital of workers (knowledge, education, training, skills, and expertise). As the field has changed over time, the expectations of an hr professional have also changed over time. According to a 2011 study, five critical pieces of knowledge for today"s hr professionals are business acumen, employment law and legislation, talent management, broad hr knowledge, and employee labour-relations knowledge.