HRM 2600 Lecture Notes - Lecture 2: Absenteeism, Balanced Scorecard, Offshoring

• School: York University
• Department: Human Resources Management
• Course: HRM 2600
• Professor: Michael Mc Garry

Document Summary

Strategic planning- set of procedure for making decisions about the organizations long- term goals and strategies. Human recourse planning- process of anticipating and proving for the movement of people into, within, and out of an organization. Strategy formulation: providing input as to what is possible given the types of numbers of people available. Strategy implementation: making recourses allocation decisions, including decisions to structure, processes, and human capital. Mission: the basic purpose of the organization as well as its scope or operations. Strategic vision: a statement about where the company is heeded and what it can become in the future; clarifies the long-term direction of the company and its strategic intent. Core values: the strong and enduring beliefs and principles that the company uses as a foundation for its decisions. Strategic formulation: what is required and necessary in support of the human recourses stratagem. Forecasting a fir(cid:373)"s de(cid:373)a(cid:374)d for e(cid:373)ployees: quantitative methods-> forecasting demand