BU354 Chapter Notes - Chapter 1: Human Resource Management, Mary Parker Follett, Human Relations Movement
Document Summary
Human resources management (hrm): the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. Attracts, retains, and engages the diverse talent required to meet operational and performance commitments made to customers and shareholders. Finds and hires the best individuals available, develops their talent, creates a productive. Creates hrm systems (such as recruitment, performance appraisal, and compensation) that work environment, and continually builds and monitors these human assets are aligned with the organization"s strategy. Human capital: the knowledge, education, training, skills, and expertise of an organization"s workforce. Employment security have strong relationships with important accounting measures of performance. Throughout one"s career, he or she may spend time as a (r manager. Hr is critical in large and small organizations (small = no designated hr department) Defined: the process of (cid:498)scientifically(cid:499) analyzing manufacturing processes, reducing production costs, and compensating employees based on their performance levels. Frederick taylor: late 1800s and early 1900s.
