AFM131 Chapter Notes - Chapter 12: Human Resource Management, Canadian Human Rights Act, Styles Of Chinese Martial Arts

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Zamal Ruffudeen Jr.

Document Summary

Lo1: explain the importance of human resource management as a strategic contributor to organizational success, and summarize the five steps in human resource planning. Human resource managers work with people, but they are also deeply involved in planning, record keeping, and other administrative duties. Human resource management: the process of determining human resource needs and then recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organizational goals. Roles and responsibilities of human resource management have evolved because of two key factors: o(cid:396)ga(cid:374)izatio(cid:374)"s (cid:396)e(cid:272)og(cid:374)itio(cid:374) of e(cid:373)plo(cid:455)ees as thei(cid:396) ulti(cid:373)ate (cid:396)esource, changes in laws that rewrote many traditional practices. Human resource management is receiving increased attention because of the major shift from traditional manufacturing industries to service and high-tech manufacturing industries that require highly technical job skills. This means that many workers must be retained for new, more challenging jobs: the(cid:455) de(cid:448)elop the ideas that e(cid:448)e(cid:374)tuall(cid:455) (cid:271)e(cid:272)o(cid:373)e the p(cid:396)odu(cid:272)ts that satisf(cid:455) (cid:272)o(cid:374)su(cid:373)e(cid:396)s" (cid:449)a(cid:374)ts a(cid:374)d needs.