RSM100Y1 Lecture Notes - Lecture 9: Savings Account, Human Resource Management, Strategic Management
Document Summary
Human resource management: the function of attracting, developing, and retaining employees who can perform the activities needed to meet organizational objectives. Job search: providing qualified, well-trained employees for the organization. Work performance: maximizing employee effectiveness in the organization. Employee needs: satisfying individual employee needs through monetary compensation, benefits, opportunities to advance, and job satisfaction. Ended with strategic management of people in organizations. Definition of strategic management: process for analyzing a company"s competitive situation, developing the company"s strategic goals, and devising a plan of action and allocating resources that will increase the likelihood of achieving these goals. Definition of human resource management: (strategic hrm) the pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals. Recruiting techniques continue to evolve as technology advances. Now: the use of the internet such as using networking sites. Benefits of using internet recruitment: it is quick, efficient, and inexpensive.