BU354 Chapter Notes - Chapter 1: Primary Sector Of The Economy, Millennials, Secondary Sector Of The Economy
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. Human resource professionals are responsible for ensuring that the organization attracts, retains, and engages the diverse talent required to meet operational and performance commitments made to customers and shareholders. Hrm involves formulating and implementing hrm systems that are aligned with the organization"s strategy to ensure that the workforce has the competencies and behaviours required to achieve the organization"s strategic objectives. Human capital the knowledge, education, training, skills, and expertise of an organization"s workforce. Effective hr practices are related to better organizational performance. Scientific management the process of scientifically analyzing manufacturing processes, reducing production costs, and compensating employees based on their performance levels. The human resources movement: concern for people and productivity. Human resources movement a management philosophy focusing on concern for people and productivity.
