BU354 Midterm: HRM Ch 1- 8 (Excluding 3) - Midterm notes
Document Summary
Chapter one: the strategic role of human resources. Human resources management (hrm) the management of people in organizations to drive successful organizational performance and achievement of the organization s strategic goals. Human capital the knowledge, education, training, skills, and expertise of an organization s workforce. Scientific management the process of scientifically analyzing manufacturing processes, reducing production costs, and compensating employees based on their performance levels (frederic taylor s theory) was a concern for production. The human resources movement: concern for people and productivity consisted of four phases, the first phase was when hrm was just personnel administration which was just hiring, firing, running the payroll, and administering benefits. The second phase was the scientific management movement. The third phase took place when there were many laws passed and the rules changed, also when outsourcing became popular. The fourth phase takes place today where others realize hr is an important aspect of the organization.
