BUSI 2312U Chapter Notes - Chapter 1: Worldatwork, Common Hardware Reference Platform, Baby Boomers
Document Summary
Chapter 1- the strategic role of human resource management. Human resource management is the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. They are responsible for the way organizations attract, retain and engage in diverse talent. Ensure they hire the best individuals, develop their talent and create productive work. These are things like recruitment, performance appraisals, and compensation. It is crucial that the hr strategy be a lined with the company"s strategic plan. Human capital is the knowledge, education, training, skills and expertise of a firm"s workers. This is just as important as financial capital. More and more organizations are realizing that this is important too. Hr practices contribute to the development of the firm"s culture, history, processes and. Effective hr practices are related to better organizational performance. Benefits include things like employee empowerment or increased productivity context.
