HRM 3430 Chapter Notes - Chapter 2: Human Capital, Demand Forecasting

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: all

Document Summary

Strategic hrm: hr practices recruitment, selection and appraisal, hr policies direct and partially constrain the development of specific practices, hr philosophies specify the values that inform an organization"s policies and practice. Employees who provide superior performance because of their skills or flexibility will enable a company to beat its competitors through superior service or the development of unique products. The less a resource can be imitated the more durable the source of competitive advantage. Hr"s role is to tactfully challenge and refocus baseless ideas of human behaviour. The behaviours necessary to achieve organizational capabilities of innovation, speed and accountability. The sum of employee"s knowledge, skills, experience and commitment invested in the organization. Land, capital and labour resources and inputs used in production of goods and services. Goal was to determine the knowledge, skills, and abilities (ksas) required within broad organizational outcomes such as growth or decline.