MHR 523 Chapter Notes - Chapter 1: Human Resource Management, Performance Appraisal, Human Capital
10 Nov 2018
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Document Summary
Human resources management, the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. This involves formulating and implementing hrm systems (recruitment, performance appraisal and compensation) Human capital, the knowledge, education, training, skills and expertise of an organizations workforce: scienti c management (late 1800s to early 1900s) Brief history of hrm: concern for production, involved scienti cally analyzing manufacturing process, performance based pay, human resources (early 1900s to present, concern for people and productivity, humans are now seen as resources. Wednesday, march 2, 2016: helping achieve strategic objectives, fostering employee engagement, acting as a change agent, engaging in env"t scanning, hr has moved from being just a department. Outsourcing- the practice of contracting with outside vendors to handle speci ed business functions on a permanent basis. Operational hrm responsibilities: planning future workforce requirements, selecting employees, orienting and training employees, managing compensation and reward plans, communicating with employees.
