COMMERCE 2BC3 Chapter Notes -Economic Model, Firstline, Videotelephony

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 2BC3
• Professor: F O U Z I A

Document Summary

An espoused and enacted commitment to implementing an integrated, strategic, and technology-enabled approach to human resource management (hrm) as a means to enhance the attraction, development, and retention of key human resources. Commitment stems in part from the widely shared belief that human resources are the organization"s primary source of competitive advantage and as essential asset that is becoming increasingly in short supply. Must be linked to strategic organizational plans. Key areas that are important in talent management as a part of strategic hr planning are these: Creating and maintaining an organizational culture that values individuals. Identifying the future needs of the organization and a method of developing individuals to fill those needs. Developing a tool of talented people who can supply future job needs. Establishing ways to conduct and manage hr activities to support talent management. Seen as more crucial than ever as the demographics of the workforce. Building talent and retaining it should be a priority worldwide.