ECON 1050 Lecture Notes - Lecture 3: Human Resource Management, Balanced Scorecard, Employee Engagement
1 Feb 2018
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Document Summary
The canadian council of human resources association (cchra) is the national body through which all provincial hr associations are affiliated. The balanced scorecard is a measurement system that translates an organization"s strategy into a comprehensive set of performance measures. Today"s hr professionals need to be able to measure the value and impact of their organization"s human capital and hrm practices. The use of various metrics, orstatistics, to measure the activities and results of hr is now quite common. Analyzing metrics and measurements is a strategic hr activity- true. A major contribution of hrm is making decisions based on evidence-based hrm. Employee engagement is the emotional and intellectual involvement of employees in their work. Police departments, universities, and employers of skilled tradespeople are all experiencing difficulty finding qualified employees today as some of their staff retire. The large baby boomer group is followed by a smaller generation x group.
