MHR 523 Study Guide - Midterm Guide: Videotelephony, Balanced Scorecard, Organizational Communication
Document Summary
Refers to the management of people in organizations to drive successful organizational performance and achievement of organization"s strategic goals. Hr professionals are responsible for ensuring that the organization finds and hires the best individuals available, develops their talent, creates productive work environment. Formulating and implementing hrm systems including: recruitment, performance appraisal, compensation. The knowledge, education, training, skills, and expertise of an organization"s workforce. Three hr practices: profit sharing, results-oriented performance evaluation, employment security. Effective hr practices are related to better organizational performance. For example: outcome-based incentives for salespeople have positive impact on sales, customer satisfaction, and profit. Hr professionals hire and maintain employees and then manage employee separations. Hr services include: analyzing jobs, planning future workforce requirements, selecting employees, orienting and training employees, managing compensation and reward plans, communicating with employees. Outsourcing: the practice of contracting with outside vendors to handle specified functions on a permanent basis.