MGT-2010 Chapter Notes - Chapter 9: Human Resource Management, Job Performance, Human Capital

• School: Clemson University
• Department: Management
• Course: MGT-2010
• Professor: Robbins

Document Summary

Consists of the activities of managers perform to plan for, attract, develop, and retain an effective workforce. Human resources as a part of strategic planning: hr doesn"t only deal (cid:1) with employee paperwork and legal accountability but also with helping the organization"s overall strategy. The purpose of the strategic human resource process is to get the optimal work performance that will help the company"s mission and goals. Strategic human resource management process: establish the mission & the vision, establish the grand strategy, formulate the strategic plans, plan human resources needed, recruit and select people, orient, train and develop, perform appraisals of people. Human capital: the economic or productive potential of employee (cid:1) knowledge and actions. A present or future employee with the right combo of knowledge, skills, and motivation to excel represents human capital with potential to give the organization a competitive advantage.