BU354 Chapter Notes -Functional Illiteracy, Carbon Footprint, Employer Branding
Document Summary
Human resource management (hrm) is the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. Hr professionals must manage the workforce by attracting, retaining, and engaging talent. Human capital is the knowledge, education, training, skills, and expertise of an organization"s workforce. *effective hr practices are related to better organizational performance. Environmental scanning involves identifying and analyzing external opportunities and threats that may be crucial to the organization"s success. *details regarding a successful incentive plan being used by a competitor, impending labour shortages, and information about pending legislative changes are examples: role in executing strategy. Strategy execution is typically the area where hr makes the biggest strategic contribution (i. e. downsizing, flattening the hierarchy, redesigning jobs, etc. ) Hr professionals and line managers have a significant impact on employee turnover, engagement and engagement so it is important that there is employee recognition, developmental programs, and career-oriented performance appraisals: measuring the value of hr: metrics.