HRM 2600 Chapter 1: Chapter 1
19 Jan 2012
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Document Summary
Chapter 1: human resources management - the process of managing human talent to achieve an organization"s objectives, human resources specialists design application forms, interview formats, amount of money being paid to employees, benefits, bonuses, training, work conditions. Types of change: reactive change change that occurs after external forces have already affected performance, proactive change change initiated to take advantage of targeted opportunities. Human capital and hrm: to build human capital, managers must develop superior knowledge, skills and experience within their workforce. Increasing pressures on companies to lower costs and improve productivity to maximize efficiency: organizations are taking many approaches to lower labour-related costs (downsizing, outsourcing, off shoring and engaging in employee leasing) Downsizing: downsizing planned elimination of jobs. Hr tasks and becomes a co-employer to its employees: peo"s perform all hr duties of an employer, they provide employees with benefits that small companies cant effort.
