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Chapter 1

MGT 3050 Chapter Notes - Chapter 1: Human Resource Management, Human Capital, Six Sigma


Department
Management
Course Code
MGT 3050
Professor
Duck Jung Shin
Chapter
1

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Chapter 1: exploring why HRM matters to all employees
Human Resources Management (HRM): An integrated set of processes, practices, programs and
systes i a orgaizatio that fouses o the effetie deployet ad deelopet of it’s
employees.
HRM PROCESSES AND PRACTICES
1. Creating culture of a safe and healthy work environment
2. Defining, analyzing and designing work
3. Planning for, recruiting and selecting the workforce
4. Orienting, training and developing employees
5. Managing employee performance
6. Rewarding and recognizing employees
7. Relating to employees within diverse environments
BUSINESS TOPICS RELATING TO HRM PROCESSES AND PRACTICES
1. Changes in firms
2. Demographics
3. Sustainability
4. Human capital
5. Technology and quality
6. Global economy
IMPORTANCE OF HRM TO ALL EMPLOYEES
-all employees are affected by HR practices
-employees have a supervisor that links the employee to the organization
-HRM helps everyone understand roles and responsibilities in the organization
-people are central to the organization due to the strategic importance of knowledge based
industries
DISCUSS THE RELATIONSHIP BETWEEN THE LINE MANAGER AND HR PRACTITIONER
-Every managers job is to manage people
-HR practitioners help the line manager to be a good people manager by providing advice and
understanding of HRM
-Combined expertise and experience can develop the talents of employees to their greatest
potential
DESCRIBE CURRENT BUSINESS TOPICS FACING ORGANIZATIONS AND THE IMPACT ON PEOPLE
IN THE ORGANIZATIONS
-Globalization is creating pressure for managers to effectively manage people
-Technology has enabled organizations to focus on quality and the customer
-organizations use productivity improvements to help with sustainability
-environment and climate change is creating both threats and opportunities
-businesses are concerned about their human capital and talent management
find more resources at oneclass.com
find more resources at oneclass.com
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