COMMERCE 2BC3 Chapter 1-5: HR Midterm Review Ch 1-5 (Lecture + Textbook)

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 2BC3
• Professor: Frances Tuer

Document Summary

Competitiveness: a company"s ability to maintain and gain market share in its industry. Determined by whether a company satisfies its stakeholders. Human resource management: policies, practices, systems that influence employees" behavior, attitudes and performance. There are 8 main hrm practices to be considered to maximize influence on company performance. Hrm has its means to contribute directly to profitability, quality and other business goals through enhancing and supporting business operations. Governing body of hr professionals in canada is hrpa. Governing body of hr professionals in usa is shrm. Certified human resource professional (chrp): entry level: mostly administrative. Specialist and generalist positions with high levels of experience. Developed by the society of human resource management. Roles of a strategic business partner, change agent, and employee advocate are increasing while administrative tasks are decreasing. Evidence-based hr: demonstrating that hr practices have a positive influence on the company"s bottom line.