[Management and Organizational Studies 1021A/B] - Final Exam Guide - Everything you need to know! (48 pages long)

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1021A/B
• Professor: Sarah Ross

Document Summary

Study guide: part 1 lecture 1: intro to hrm. Hrm: policies, practices, and systems that influence employees" behaviour, attitudes, and performance. Human capital: the economic value that comes from the employee"s characteristics and qualities (experience, skills, insight, etc). Job analysis describing work and tasks. Workforce planning identifying the number and types of employees we need to meet our goals. Recruitment attracting a large pool of job candidates, create diversity in applicant pool. Selection who has the best knowledge, skills, etc. Training and development teaching the knowledge, skills, and abilities that are needed for the job. Compensation and rewards how we pay people, how we provide benefits (i. e. bonus) Employee and labour relations frequently arises in a unionized environment. Ethics: the fundamental principles of right and wrong. For hr practices to be considered ethical they must: Provide the greatest good for the greatest number of people. Treat employees and customers equitably and fairly.