AFM131 Chapter Notes - Chapter 12: Canadian Human Rights Act, Human Resource Management, Baby Boomers

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Module 11: working with the people is just the beginning. Human resources management is process of determining human resource needs: recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organization goals, for many years, it involved clerical functions. Roles and responsibilities of human resource management evolved because of two key factors: o(cid:396)ga(cid:374)izatio(cid:374)s" (cid:396)e(cid:272)og(cid:374)itio(cid:374) of e(cid:373)ployees as ulti(cid:373)ate (cid:396)esou(cid:396)(cid:272)e, changes in laws that rewrote many traditional practices. Major shift from traditional manufacturing industries to service and high-tech manufacturing industries that require highly technical job skills: one reason hrm receiving increased attention, many workers must be retrained. Qualified employees are scarcer -> hrm taken on increased role: recruiting and retaining people more important and difficult. Hrm (cid:373)ay (cid:271)e(cid:272)o(cid:373)e fi(cid:396)(cid:373)"s (cid:373)ost i(cid:373)po(cid:396)ta(cid:374)t (cid:272)(cid:396)iti(cid:272)al fu(cid:374)(cid:272)tio(cid:374: all aspe(cid:272)t of a fi(cid:396)(cid:373)"s people. Shortages of trained workers in growth areas: computer tech, biotech, robotics, green tech, sciences. Large number of skilled and unskilled workers from declining industries who are unemployed or underemployed.