MGI 301LEC Study Guide - Winter 2019, Comprehensive Final Exam Notes - Employment, Return On Investment, Occupational Safety And Health
8 May 2019
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Hr product lines: administrative services and transactions, business partner services, strategic partner. Reasons to outsource hr: cost savings, improve hr quality, protect from lawsuits, recruit and manage talent, most common outsourced hr activities, paper roll, benefits, relocation ** Strategic value: evidence-based hr- practices positively influence bottom line or key stakeholders, hr or workforce analytics- quantitative & scientific methods as evidence, big data (hr database, financial statements, employee surveys, etc. ) Measuring strategic value: stockholders, customers, workers, balanced scorecard, community. Strategic management phases: strategic formulation, strategic implementation. Strategy implementation variables: primary responsibility task design, select, train, develop people, and reward systems influence over types of information, and organizational structure. Emergent strategies: grassroots strategies lower-level employees identify new markets, products, and strategies, hr facilitates communication through org. Hr practices connection to strategy: attract & retain employees, treat employees as assets, employee rights & decision-making ability. Equal employment opportunity (eeo: governments attempt to ensure all individuals to have equal chance for employment.
