HRM 3430 Chapter Notes - Chapter 2: Human Capital, Human Resource Management
12 Feb 2018
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Document Summary
Hrm 3430 behavioural perspective and human capital theory. When an organization has different strategies this makes it extremely necessary for employees to have different behaviours as it will be influenced by the many human resources management practices. For each business/company efficient and productive human resources systems are able to properly, accurately, as well as correctly identify specifically and particularly which behaviours are then required in order to implement in addition to adopt a strategy. It gives employees the chance to show their behaviours as well as show all of the knowledge and information they have gained. Human resources management professionals have a big role in contributing to the shift of employee behaviour to align with the organizational strategy. Human capital refers to the combination of employee knowledge, skills, experience, dedication that they put into an organization. According to classical economists, there are several types of resources that are used in producing goods and services; labour, land, capital.
