MGT 315 Chapter Notes - Chapter 1: Unemployment Benefits, Society For Human Resource Management, Job Analysis
Document Summary
Chapter 1: human resource management: gaining a competitive. Mars incorporated illustrates the key role that human resource. Management (hrm) plays in determining the survival, effectiveness, and competitiveness of us businesses. Mars hrm practices are helping support the company"s business strategy and provide services the customer values. Competitiveness is related to company effectiveness, which is determined by whether the company satisfies the needs of stakeholders companies that do not meet stakeholders" needs are unlikely to have a competitive advantage over other firms in their industry. Human resource management (hrm) refers to the policies, practices, and systems that influence employees" behavior, attitudes, and performance. The strategy underlying these practices needs to be considered to maximize their influence on company performance. Hrm has been shown to enhance company performance by contributing to employee and customer satisfaction, innovation, productivity, and development of a favorable reputation in the firm"s community .
