MGM101H5 Chapter Notes -Human Resource Management, Workforce Planning, Employee Retention
25
MGM101H5 Full Course Notes
Verified Note
25 documents
Document Summary
Definition: the process of determining human resource needs and the recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organizational goals. Involved in, planning, record keeping and other administrative duties. Qualified employees are harder to find today, which makes recruiting more difficult. Attracting a quality workforce- planning, recruitment, and selection. Developing a quality workforce- employee orientation, training and development, and performance appraisal. Maintaining a quality workforce- career development, work-life balance, compensation and benefits, employee retention and turnover, and labour-management relations. Major steps a company should take: (according to wismer: understand external environment, understand internal environment, select the most critical human resource topics and set priorities. Initiate projects with dedicated teams: secure support from top management. Recruitment: set of activities used to obtain a sufficient number of the right people at the right time. Some organizations have policies (promotions, union contracts, and low wages). This can make it difficult to keep employees.
