COMMERCE 2BC3- Final Exam Guide - Comprehensive Notes for the exam ( 225 pages long!)
30 Nov 2017
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Document Summary
Hrm - functional definition - what it does. Is a set of interrelated policies, practices, and programs whose goal is to attract, socialize, motivate, maintain, and retain an organization"s employees. Hrm - goal-based definition - what it tries to achieve. Aims to improve the productive contribution of individuals while simultaneously attempting to attain other societal and individual employee objectives. The polices, practices, and systems that influence employees" behaviour, attitudes, and performance. Preparing employees for current/future jobs (talent management, training & development) Analyze employee data and make evidence-based hr decisions (hr analytics) Hire, fire, supervise, evaluate performance, identify training needs, make pay decisions, etc. Preparing non-hrs to develop and implement hr practices. It is the best of times, it is the worst of times. Need to show responsibility towards all of our shareholders. There has been a shift from a resource-driven economy to a service economy. Ability of organization to succeed without sacrificing its responsibility, employees, community or environment.
