SCLT 2362 Lecture Notes - Lecture 1: Corporate Social Responsibility, Global Sourcing, Human Capital
Human capital: employees' knowledge, skills, abilities and other attributes (KSAOs)
that have economic value to the firm
Biggest investment challenge is getting human capital
Learning capability is generate new ideas multiplied by generalizing
Human Capital and HRM
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Why pay HR?
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Role change (ex: mergers and acquisitions)
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Downsizing
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Outsourcing
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Offshoring: "global sourcing"
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Trim benefits during recession
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Strategic partner to management
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HR Managers and Business Strategies
Responding Strategically to Changes in Marketplace
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Globalization
Fend off foreign competitors
National identities of products blurred
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General Agreement on Tariffs and Trade (GATT)
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NAFTA
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World Trade Organization
Free-trade agreements
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Gauging knowledge and skill base of workers worldwide
How Globalization Affects HRM
Competing, Recruiting and Staffing Globally
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Stirs debate
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Help avoid lawsuits and improve earnings
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Better reputation=higher recommendations
Corporate social responsibility: good corporate citizenship
Sustainability: ability to make goods or services without depleting world's resources
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Setting and Achieving Corporate Social Responsibility and Sustainability Goals
Strategic and Global Challenges
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Collaborative software
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Social media used to find jobs
Tech increased jobs that need a lot of skill
Knowledge workers: analyzing info and problem-solving
Industries spend most on training
"just in time" learning
"virtual" learning
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From Touch Labor to Knowledge Workers
Human resources info system (HRIS): computerized system that provides current and
accurate data for purposes of control and decision-making
Forecast personnel needs
Promotions
Evaluate impact of firm's policies
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Tech Effect on HRM
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Tech Challenges
Can increase productivity by reducing inputs or increase amount that employees
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Max Productivity
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Productivity and Cot Challenges
Textbook Chapter 1
Wednesday, January 25, 2017
10:50 AM
New Section 1 Page 1
Document Summary
Human capital: employees" knowledge, skills, abilities and other attributes (ksaos) that have economic value to the firm. Learning capability is generate new ideas multiplied by generalizing. General agreement on tariffs and trade (gatt) Gauging knowledge and skill base of workers worldwide. Setting and achieving corporate social responsibility and sustainability goals. Sustainability: ability to make goods or services without depleting world"s resources: tech challenges. Tech increased jobs that need a lot of skill. Human resources info system (hris): computerized system that provides current and accurate data for purposes of control and decision-making. Evaluate impact of firm"s policies: productivity and cot challenges. Can increase productivity by reducing inputs or increase amount that employees. Can increase productivity by reducing inputs or increase amount that employees product by adding more human or physical capital to process. More firms moving jobs to domestic markets. Nearshoring: bring jobs closer to domestic countries. Homeshoring: outsourcing work to domestic workers who work from home.