ECON 1BB3 Chapter 29: CHAPTER 29

• School: McMaster University
• Department: Economics
• Course: ECON 1BB3
• Professor: Aleksandra Gajic

Document Summary

Hrm deals with working with people o but also deals with planning, record keeping, and other administrative duties. Hrm is the process of determining hiring needs, then recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organization goals. For many years hrm was called personnel : involved clerical functions mostly o it has no evolved into, organizations recognition of employees as the ultimate resource changes in law to rewrite traditional company practices. Since qualified people are scarce, hrm is becoming more important. Selecting, training, evaluating, compensating, motivating and firing people is important to keep human resources efficient within various functions of a company. Putting less time in administration and more toward strategic management: align core responsibilities with the vision of the company. It has become so critical that each manager should possess some skill in managing human resources.