HRM 2600 Chapter Notes - Chapter 1: Job Enrichment, Job Security
16 Oct 2011
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Document Summary
Human resources management (hrm) the process of managing human talent to achieve an organization"s objectives. Managing human resources (human capital and intellectual assets) of the firm to achieve organizational goals. Change: human capital, responsiveness, cost containment, planning, recruitment, staffing, job design, training/develo pment, appraisal, communications, compensation, benefits, background. Diversity: age distribution, gender issues, job security, educational levels, employee rights, privacy issues, work attitudes. Input (labour employees) labour brings human capital. Hr professionals internal consultants to line managers. Core competencies knowledge sets in an organization that give it a competitive advantage. These can be achieved through employees of the firm: employee"s have unique skills, rare/difficult to imitate microsoft employees normally have. Challenges to hr: well organized (team) to create synergy, going global increase competition. Challenges to organization: stress, balancing work and family. Globalization - the trend towards opening up foreign markets to international trade and investment.
