21555 Lecture Notes - Lecture 2: Society For Human Resource Management, Working Time, Glass Ceiling
Document Summary
Hrm in context: hrm operates within broader economic, social & political contexts. Ability to be flexible to cope with changes in external environment. Aim for a (cid:494)fit(cid:495) between (r & business strategies (cid:523)strategic perspective(cid:524) Changes = aging population, women(cid:495)s changing workforce participation, work-family balance and diversity issues: evaluate current global/national economic and political contexts and the implications of each for shrm in australia. Fosters the diffusion of the hrm practices within companies, across borders and between countries. Impact on workplace lead to implementation of flexible arrangement. Heightened awareness/criticisms of pay systems around the world. Lead to different approaches to managing employee numbers. Issues around performance-based pay & level of senior executive pay. Many changes in industry and occupational structures including: No. of businesses (cid:523)from (cid:883)97(cid:882)(cid:495)s most dominant & important sector(cid:524) Service sector is the largest component of aus economy in terms of: * employs 75% of total workforce and accounts for over 70% of gdp.
