BU354 Study Guide - Midterm Guide: Human Resource Management, Employer Branding, Job Analysis
Document Summary
Belief that the attitudes and feelings of workers are important and deserve more attention. Process of scientifically analyzing manufacturing processes to reduce costs and compensating employees based on their performance levels. Managing people in organizations to drive successful organizational performance and achievement of organization"s strategic goals. Human resources management (hrm) the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. Hrm involves formulating and implementing hrm systems that are aligned with the organization"s strategy to ensure that the workforce has the competencies and behaviours required to achieve the organization"s strategic objectives. Human capital the knowledge, education, training, skills, and expertise of an organization"s workforce. Effective hr practices are related to better organizational performance. Operational hrm traditional hrm that includes administrative responsibilities (ex. Strategic hrm (new) contemporary hrm that participates in setting up a strategic plan for organizations and executes that plan (ex. Designing strategies to attract top talent to gain competitive advantage)
