Management and Organizational Studies 1021A/B Chapter Notes - Chapter 1: Human Resource Management, Workforce Planning, Human Resources

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1021A/B
• Professor: Michael Aloisio

Document Summary

Human resources ensure that organization have the people capacity to execute strategic objectives. Human resource management centre on the practices, policies, and systems that influence employees behaviour, attitudes, performance. People practices analysing work and designing jobs, workforce planning, recruiting, selection, training and development, performance management, compensation rewards, employee and labour relations. Hrm departments increase satisfaction, productivity, innovative and more reputable. Hrm-necessary expense rather then value capital- equipment, technology and facilities human capital- talented people, competitive advantage. Hrm implies employees are resources of the employer. Human capital mean the organization"s employees described in terms of their training, experience, judgment, intelligence , relationships and insight. -characteristic that can add economic value to the company. Influences who works for the company and how they work. measures profitability, quality, customer satisfaction sustainable competitive advantage- better then competitors and can hold that advantage over a sustained period of time. Hr are valuable high quality employee provide a needed service a they perform many critical functions.