BU354 Study Guide - Midterm Guide: Job Analysis, Job Performance, Employee Engagement
Document Summary
Hrm attracts, retains, engages diverse talent to meet operational/performance commitments. Ensure org. finds/hires best individuals, develops talent, productive work environment, builds/monitors human assets. Hrm: mgmt of people in orgs to drive successful organizational performance and achievement of goals. Involves formulating/implementing hrm systems aligned with strategy to make sure workers match objectives (crucial for hr strat to line up with strat plan) Human capital: knowledge, edu, training, skills, expertise of organizations workforce (next competitive adv) Resource based view of firm suggests that hr practices contribute to development of embedded knowledge of a culture, history, processes, and context. Profit sharing, results-oriented performance appraisal, and employment security have strong relationship with accounting measures of performance. High performance hr strats have positive relationship with turnover, productivity, and corporate financial performance. Managers may spend time as an hr manager. Give firm"s hr efforts a strategic emphasis, sometimes better equipped to integrate hr with rest of the business.
