HTH 503 Study Guide - Winter 2018, Comprehensive Midterm Notes - Choma, Zambia, Canada, Hurricane Andrew
12 Oct 2018
School
Department
Course
Professor
HTH 503
MIDTERM EXAM
STUDY GUIDE
Fall 2018
Andrew Choma
Page ! of !1 7
MIDTERM REVIEW - CHAPTER ONE
CANADIAN HUMAN RESOURCE MANAGEMENT
What is Human Resource Management?
- HRM is the leadership and management of
people within an organization using systems,
methods, processes, and procedures that
enable employees to optimize their
contribution to the organization and its goals
-Supports and enables organizations to: Meet short and long-term economic, social,
and environmental goal
The Interconnectivity of human Resource management activities
Strategic Human Resource Management
- linked to the strategic needs of an organization
—> Corporate, business, & functional levels
- HR strategies and tactics must be mutually consistent
- HR strategies need to be consistent with
organizational priorities
Proactive HRM
Proactive
- Decision-makers anticipate problems and challenges and take action before a problem
exists
Reactive
-Decision-makers respond to problems rather than anticipate them
find more resources at oneclass.com
find more resources at oneclass.com
Andrew Choma
Page ! of !2 7
STEP 1: Organizational Mission, goals, and Strategy
- Mission Statement
—> Statement outlining the purpose, long-term objectives,
and activities the organization will pursue and the
course for the future
-Strategy
STEP 2: Environmental Scan
- Continuous monitoring of economic,
technological, demographic, and cultural
forces
The Major Forces:
1.Economic
2.Technological
3.Demographic
4.Cultural
5.Legal
Four critical economic forces:
1.Economic cycles
2.Global trade
3.Productivity improvement
4.Global competitiveness
Economic Force: Economic Cycles
•Canadian economy goes through boom and bust
cycles
—> Often linked to other economies
•During recessionary periods, HR faces challenges
–-> Layoffs, wage concessions, lower morale
•During boom cycles, HR must consider
–-> How to recruit and develop talent
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Hrm is the leadership and management of people within an organization using systems, methods, processes, and procedures that enable employees to optimize their contribution to the organization and its goals. Supports and enables organizations to: meet short and long-term economic, social, and environmental goal. Linked to the strategic needs of an organization. Hr strategies and tactics must be mutually consistent. Hr strategies need to be consistent with organizational priorities. Decision-makers anticipate problems and challenges and take action before a problem exists. Decision-makers respond to problems rather than anticipate them. > statement outlining the purpose, long-term objectives, and activities the organization will pursue and the course for the future. Continuous monitoring of economic, technological, demographic, and cultural forces. Economic force: economic cycles: canadian economy goes through boom and bust cycles. > often linked to other economies: during recessionary periods, hr faces challenges. > layoffs, wage concessions, lower morale: during boom cycles, hr must consider.
