MGMT 1000 Study Guide - Midterm Guide: Human Resource Management, Job Analysis, Human Resources

• School: University of Guelph
• Department: Management
• Course: MGMT 1000
• Professor: Kathleen Rodenburg

Document Summary

Mgmt 1000 midterm 2 review chapter 8 review notes. Chapter 8 managing human resources and labour relations. Lo-1 the foundations of human resource management: human resource management (hrm): set of organizational activities directed at attracting, developing, and maintaining an effective workforce. Hrm takes place within a complex and ever-changing environmental context and is increasingly being recognized for its strategic importance. Human resources are critical for effective organizational functioning. Human resources are a tangible indicator of the value of the people who work in an organization. Manager"s have now realized the effectiveness of hr functions has a substantial impact on the firm"s bottom-line performance. Planning is the starting point in attracting qualified human resources. Human resource planning involves job analysis, forecasting the demand for and supply of labour, and matching supply and demand. Job analysis is a systematic analysis of jobs within an organization.