BU354 Chapter Notes - Chapter 1-16: Defined Benefit Pension Plan, 2Pm, Equal Protection Clause
Document Summary
Chapter 1: the strategic role of hr management. Human resources management (hrm) the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. Human capital the knowledge, education, training, skills, and expertise of an organization"s workforce. It is crucial that the hr strategy be aligned with the company"s strategic plan. Human resource management responsibilities: operational hr professionals hire and maintain employees and then management employee interactions, strategic ensures that the organization is staffed with the most effective human capital to achieve its strategic goals. Outsourcing the practice of contracting with outside vendors to handle specified functions of a permanent basis. Strategy the company"s plan for how it will balance its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive advantage. Environmental scanning identifying and analyzing external opportunities and threats that may be crucial to the organization"s success.
