ADMS 1010 Lecture Notes - Lecture 8: Human Resource Management, Wage Labour, Performance Appraisal
11 Dec 2017
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Document Summary
Organizational behaviour and human resources management focus on the people side of organizations. People are central to every aspect of firm operations - all functions must consider the human factor. Also called organization theory (see week 3) Ob rooted in the core academic domain of psychology. An academic and applied discipline that involves, the scientific study of mental functions and behaviours. Aims to understand mental and behavioural process w/in the context of organization. Maximizing employee performance to achieve organizational goals ( strategic. Translates ob theory into specific firm policies and practices related to: Also: m&as; talent management, succession planning; labour relations; diversity; etc. So you want to be a human resources manager. Labour (people) is a factor of production". Money is the best mechanism for ranking people"s preferences. Money is the primary motivator animating employee behaviour. We encash" - that is, we translate the value of benefits into dollar figures - as much as we can.
