MHR 523 Chapter Notes - Chapter 1: Contingent Work, Telecommuting, Employee Benefits
21 Apr 2013
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Document Summary
Chapter 1- the strategic importance of human resource management. People are the common element in all social organizations. They create the objectives, the innovations, and the accomplishments for which organizations are praised. From the perspective of the organization, people are resources. They aren"t inanimate resources like land and capital. They are human resources and without them, organizations wouldn"t exist. Organizational success depends upon careful attention to hr. The best-managed and most successful organizations are those that effectively make employees meet organizational challenges creatively. Hr practices are intertwined with the organizations strategies to meet its various challenges. Challenges: economic (recession), technological (computerization), political (new government policies), social (concern for our environment), demographic (changing composition of our workforce), legal (changes in minimum wage laws), cultural (ethnic diversity), or in nature. The five major challenges facing a canadian organization especially those that affect. Canadians face 3 critical economic challenges: surviving a recessionary cycle: capitalist economics go through boom and bust cycles.
