BUSI 2312U Chapter Notes - Chapter 1: Human Resources, Human Capital, Outsourcing
Document Summary
Human resources management (hrm) management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. Ensure that the organization finds and gives the best individual available, develop their talent, creates a productive work environment, and continually builds and monitor their human assets. Primary responsibility for managing the workforce that drives organizational performance and achievement of the organization"s strategic goals: human capital the knowledge, education, training, skills and expertise of an organization"s workforce. Outsourcing the practice of contracting with outside vendors to handle specific functions on a permanent basis: services associated pension and benefits administration, recruitment, management development, and training. Strategy the company"s plan for how it will balance its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive advantage. Environmental scanning identify and analyzing external opportunities and threats that may be crucial to the organization"s success. Metrics statistics used to measure activities and results.
