MGHB12H3 Chapter Notes - Chapter 1: Human Resource Management, Corporate Social Responsibility, Human Resources

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School
Department
Course
MGHB 12
Chapter 1
Chapter objectives
1: Explain how human resources managers and other managers can have
rewarding careers by helping their firms gain a sustainable competitive
advantage through the strategic utilization of people
2: Explain how good human resources practices can help a firm’s
globalization, corporate social responsibility, and sustainability efforts
3: Describe how technology can improve how people perform their work
and how they are managed.
4: Explain the dual roles HR managers have in terms of increasing
productivity and controlling costs.
5: Discuss how firms can leverage employee differences to their strategic
advantage and how educational and cultural changes in the workforce are
affecting how human resources managers engage employees.
6: Provide examples of the roles and competencies of today’s human
resources professionals.
Human resources management - process of managing human talent to achieve
an organization’s objective
Words to describe valuable humans to companies
Human resources, human capital, intellectual assets, talent management
Human capital - knowledge, skills and capabilities of individuals that
have economic value to an organization
Intangible
Valuable - based on company specific skills, gained
through long term experience, expandable through
development
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Document Summary

1: explain how human resources managers and other managers can have rewarding careers by helping their firms gain a sustainable competitive advantage through the strategic utilization of people. 2: explain how good human resources practices can help a firm"s globalization, corporate social responsibility, and sustainability efforts. 3: describe how technology can improve how people perform their work and how they are managed. 4: explain the dual roles hr managers have in terms of increasing productivity and controlling costs. 5: discuss how firms can leverage employee differences to their strategic advantage and how educational and cultural changes in the workforce are affecting how human resources managers engage employees. 6: provide examples of the roles and competencies of today"s human resources professionals. Human resources management - process of managing human talent to achieve an organization"s objective. Words to describe valuable humans to companies. Human resources, human capital, intellectual assets, talent management.

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