BUS 381 Lecture Notes - Baby Boomers, Human Capital, Organizational Culture

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 381
• Professor: Natalie Zhao

Document Summary

Refers to the management of people in organizations. Effective hr practices are related to better organizational performance. Responsibilities include: hire and maintain employees, analyzing jobs, orienting and training of employees. Requires a person to be an administrative expert: strategic. Makes sure that the company is with the most effective human capital to achieve its strategic goals. The company"s plan for how it will balance its internal strengths and weaknesses with external opportunities and threats in order to maintain competitive advantage. Grew up in an era of hardship. Independent and believe security comes from transferability of skills rather than corporate loyalty. External influences on hrm: economic conditions (employment level, workforce issues (diversity, demographic. Education: technology (advance in technology, government (policies, globalization (outsourcing and other issues, environmental concerns (sustainability) Rigid?: management practices if there is a hierarchy or if the company is flat in terms of chain of command. Scientific management -> human relations movement -> human resource management.