RSM100Y1 Study Guide - Visible Minority, Profit Sharing, Rishi
Document Summary
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. Hrm has grown importance over the years due to increased legal complexities, the recognition that human resources are a valuable means for improving productivity, and the awareness of the costs associated with poor human resource management. The starting point in attracting qualified human resources is hr planning, which involves job analysis and forecasting the demand for and supply of labour. Job analysis: a detailed study of the specific duties in a particular job and the human qualities required for that job. Job description: the duties of a job, its working conditions, and the tools, materials, and equipment used to perform it. Forecasting internal supply the number and type of employees who will be in the firm in the future.
