COMM 410 Study Guide - Midterm Guide: Organizational Culture, Worksafebc, Jab
Document Summary
Important to understand your legal rights as managers/employees. Why is the course important: employment relations law, collective bargaining and trade unions, human resources management, effective hrm = higher roi, need to be aware of impact on, employment laws, trade unions, collective bargaining. Explain how hrm can contribute to the success of a company. Foundation of modern business is not capital or technology, it"s knowledge and education (human capital) What does it mean for hrm: rise in need for knowledgeable workers. Source of competitive advantage: acquire and develop high quality hr, encourages the high quality hr to use their knowledge and skills. Increasing corporations responsiveness to mkt fluctiations + technological changes. Improving customer service: developing and implementing corporate strategy. 7 best practices of hrm: provide employment security, changed considerably, layoffs remove all the good work of strategic recruitment, strategic hiring practices.
