MHR 523 Lecture Notes - Lecture 1: Human Capital, Absenteeism, Videotelephony
8 Mar 2018
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Hrm: managing people in organizations to drive successful organizational performance & achievement of organization"s strategic goals. Operational (administrative) & strategic (people/human capital) responsibilities. Sears & blackberry are good examples of poor human resource management involved from hiring its workers all the way to vision of the company. Lack of/bad hr, no adaptation - can result in the downfall of the company. Managing human capital: knowledge, education, training, skills, expertise. You would always be in charge of everything - from beginning to end. This would take years to develop the skills (all skills) Frederick taylor - we can be more efficient. Scientifically analyzing processes to reduce costs & compensating employees based on performance. Unions union movement formed as autonomy among workers was essentially non existent. The one thing workers want the most is not a higher pay check, it"s autonomy - control. So people do not uprise & meet worker needs - preventing unions to uprise like before.
