AFM131 Lecture Notes - Lecture 11: Human Resource Management, Career Management, Equal Pay For Equal Work

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Mohsin Bashir

Document Summary

Bill that aims to minimizing gender wage gap. Exit: effects of legislation on hrm. Employee management relations: hrm - external forces. Organizational acknowledgement of people as most valuable resource. For many - largest, most expensive resource. Culture: steps in human resource planning, prepare human resource inventory. Job specification: assess future human resource demand. Have the capacity: assess future human resource supply. Scan the environment: establish strategic plan. How to get there: employee value proposition (evp) Defines the exchange of value between employer and employee. Value the employees are expected to contribute. Value the employees can expect to receive in return: employee life cycle, recruit, onboard, develop, retain, offboard. Recruitment: activities used to obtain a sufficient number of the right people at the right time, competition. Process of gathering/reviewing information and deciding who to hire. Consider best interest of the company and the individual. Managing diversity: corporate cultures should embrace diversity. Greater innovation and creativity: review of hiring and promotion practices.