HRM 3430 Chapter Notes - Chapter 2: Human Resource Management, Human Capital, Behavioralism

• School: York University
• Department: Human Resources Management
• Course: HRM 3430
• Professor: Althea Gordon

Document Summary

Hrm 3430 strategic human resources planning model. The model of strategic human resources planning is based on simple and well-know overall business strategies as well as corporate strategies. This view is based on past perspectives of human resources management planning. This model focuses on having the correct things at the correct time. It emphasizes controlling, measuring, monitoring in addition to analyzing the external factors as well as looking at the assessment of the strengths as well as the weaknesses of the human resources management of the organization. It also formulates the human resources management repercussions on corporate strategies as well as business strategies. Another element is low cost strategy where an option is going international. One cost effective way of cheaper and affordable human labour capital comes from outsourcing employees and moving production and work elsewhere. Also, it includes mergers, acquisitions, combining two organizations together. The model also assess how effective the efforts are and how it measures up.