HRM200 Study Guide - Final Guide: Adaptive Learning, Sensemaking, Procedural Justice

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: Richard Ennis

Document Summary

Human resources management is defined as managing people in an organization to drive successful organizational performance and achievement of organization"s strategic goals. It is done by managing human capital; knowledge, education, training, skills, & In terms of hr strategy; company"s competitive environment + its internal strengths and weaknesses are what determines a company"s strategic situation which motivates its strategic plan. In conjunction with the company"s hr strategy they will modify organizational performance. Hr has two types of responsibilities; strategic & organizational. Strategic; the company"s plan to balance its internal strengths & weaknesses with external opportunities in order to maintain a competitive advantage. Operational; employee hiring, training, benefits, communication: metrics; it basically a more empirical measure of the results of hr. We use a balance score card; a measuring system that translates organizational strategy into a comprehensive set of performance measures. There are external and internal environmental influences which will affect how hrm works.