MGHB02H3 Chapter Notes - Chapter 01: Performance Management, Six Sigma, Layoff

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26 Dec 2013
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Outcome #1: explain how hr managers can help their organizations gain a sustainable competitive advantage through the strategic utilization of people. The process of managing human talent to achieve an organization"s objectives. Hr capital describes the economic value of employee"s knowledge, skills, and capabilities. It is intangible and cannot be managed the way organizations manage jobs, products, and technologies because employees, not the organizations, own the human capital. To build human capital in organizations, managers must continue to develop superior knowledge, skills, and experience within their workforces and retain and promote top performers. Staffing the organization, designing jobs and teams, developing skillful employees, identifying approaches for improving their performance, and rewarding employee successes all typically labeled hrm issues are as relevant to line managers as they are managers in the hr department. Outcome #2: explain how globalization is influencing human resources management. What are 9 competitive challenges in hr management: responding strategically to changes in the marketplace and economy:

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