HRM200 Lecture Notes - Lecture 1: Global Warming, Baby Boomers, Making Money

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Published on 23 Jan 2018
Course
HRM 200 - Course Notes
William Peckham
wpeckham@uwaterloo.ca
Master of Industrial Relations & Human Resources UofT (CHRL)
LinkedIn / udemy (online course platform)
Tests - Non-cumulative - MC, T/F, Short Answer
- Jan 30 (30%), Mar 6 (25%), Apr 3(25%)
Bi-Weekly Quizzes - 2 Attempts and takes higher mark (Begins Jan 23) - 20%
Chapter 1: The Strategic Role of Human Resources Management
Page 17 - The Role of HR Jack Welch (CEO)
- Think HRM is the number one factor behind success in a company
Page 18 - The Strategic Role of Human Resources Management
- Human Resources Management (HRM)
- The management of people in organizations to drive successful organizational
pefoae ad ahieeet of ogaizatio’s stategi goals
- Human Capital
- Knowledge, education, taiig, skills, ad epetise of a ogaizatio’s
workforce
Page 19-21 - Human Resources Movement: Evolutionary Phases
- Phase 1 - eal ’s
- Personnel administration
- Hiring, firing, payroll/benefits processing
- Phase 2 - ’s to ’s
- Union liaison, compliance with new laws
- Orientation, performance appraisal, employee relations
- Phase 3 - ’s to ’s
- Human resources management
- Outsourcing of many administrative functions
- Emphasis on contribution and proactive management of people
- Phase 4 - ’s to peset
- Every line manager must possess basic HR skills
- Help achieve strategic objectives
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- New roles: activist, change steward, talent manager/organizational designer,
operational executor and business ally
- HR Busiess Pate
Page 22 - Functions of HRM
- HR Planning, Recruitment & Selection, Orientation/Onboarding, Career Development,
Performance Management, Compensation, Benefits, Health and Safety and legal and oe…
Page 23 - HRM (VIDEO)
Page 24 - The Value of HRM
- Is HRM valuable to an organization?
- Happy employees are typically more engaged and more productive
- Keeping a pulse on being aware of employees of satisfaction
- HR adds value
- HR has an impact internally and externally - ex. real estate companies which
compete against one another
- HR is a cost to an organization - are providing support to the operational people making
money for the company
Page 25 - HR Metrics
- Toda’s HR Metis
- HR metrics should always link to productivity, quality, sales, market share, and
profits (business operations)
- Ex. turnover/retention, employee performance, engagement scores, time-to-
fill, etc.
- Balanced Scorecard - comprehensive set of operation performance measures
A easueet sste that taslate ogaizatio’s stateg ito a
comprehensive set of financial and operational performance measures
Page 26 - The Strategic Role of Human Resources
Management
- HR is a cost centre - important to add
value and achieve strategic planning goals
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Page 27 - Go back to this slide
Page 28 - External Influence: Economic Conditions
- Employment levels
- Productivity levels
- Growth of the primary, secondary, and tertiary (service) sectors
Page 29 - Employment Levels (Stats Slide)
- Population
- Labour force
- Employment
- Unemployment
- Participation rate (%)
- Unemployment rate (%) - only concerns itself as a measure of the labour force
- Employment rate (%)
Page 30 - Productivity Levels
- A measure of the economic growth of a company
- How much more effective are our labour force in Canada becoming at producing in
one hour labour
Page 31 - Employment by Industry
- Primary industry - involves extraction of raw materials from the earth
- Includes basic foods, coal, wood, iron and corn
- 3.4% of all employment in Canada exists in Canada
- Secondary Industry
- In Canada 17.8% are employed in secondary sector organizations
- Tertiary Sector - most dominant sector
- Involves consulting, or any retail. Transportation, warehouses. Service type
organizations.
Page 32 - External Influences: Labour Market Issues
- 4 designated groups identified as not being treated equally in the workforce
- increasing workforce diversity
- visible/ethnic minorities
- women
- aboriginal population
- people with disabilities
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