MHR 523 Study Guide - Midterm Guide: Equal Protection Clause, Root Mean Square, Organisation Climate

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Document Summary

Chapter 1: the strategic role of human resources management! Human resources management: the management of people in organizations to drive successful organizational performance and achievement of the organization"s strategic goals. This involves formulating and implementing hrm systems (recruitment, performance appraisal and compensation)! Human capital: the knowledge, education, training, skills and expertise of an organization"s workforce ! Scienti c management (early 1900s): the process of scienti cally analyzing manufacturing processes, reducing productions cots and compensating employees based on their performance levels! Human relations movement (mid 1900s): belief that the attitudes and feelings or workers are important and deserve more attention! Human resources movement (late 1900s - present): a management philosophy focusing on concern for people and productivity! Outsourcing: the practice of contracting with outside vendors to handle speci ed business functions on a permanent basis! Operational hrm responsibilities:: planning future workforce requirements, selecting employees, orienting and training employees, managing compensation and reward plans, communicating with employees!