COMM 410 Study Guide - Employee Retention, Soft Skills, Equal Pay For Equal Work
Document Summary
Introduction to the employment relationship: what is strategic human resources management? (hrm) Linking of hrm with strategic goals and objectives in order to improve business performance and develop an organizational culture that fosters innovation and flexibility. Managing employee attraction, hiring, training, assessment, rewarding, and development; leading employees and establishing culture engage, motivate, encourage development and ensuring compliance with employment and labour laws. Provide services - effective planning, apply measurement tools (hr information. Explain how hrm can contribute to the success of a company. Maximize value creation of employees + minimize costs, risks, losses. Increase productivity, morale, synergy, teamwork, harmony, job satisfaction, commitment, engagement, cost effectiveness, time efficient, creativity. Differentiate between internal and external environmental conditions in your answer. External labour market issues, demographic trends, workplace diversity, Internal: organizational culture, climate technology government legislation, globalization: unemployment, labour costs of production, international, cultural, time zone boundaries, product market demand, inflation, exchange rate, capital flows, economy, recession.
