BU395 Lecture Notes - Lecture 1: Human Resource Management, Performance Appraisal, Scientific Management
Document Summary
1 the strategic role of hr management. Hr management: management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. Responsible for ensuring the organization attracts, retains and engages diverse talent required to meet operational and performance commitments. Finds and hires the best individuals available, develops their talent, creates a productive work environment, and continually builds and monitors human assets. Also involves implementing hrm systems aligned with organization"s strategy. Human capital: knowledge, education, training, skills, and expertise of an organizations workforce. The resource-based view of the firm suggests that human resource practices contribute to the development of embedded knowledge of a firm"s culture, history, processes, and context, which are non-imitable. 3 hr practises that affect accounting practises: profit sharing, results oriented performance appraisal, employment security. Scientific management: concern for production ( fredrick taylor ) Human resource movement: concern for people and productivity. Current hrm is based on theoretical assumptions of human resources movement.
