HRM200 Chapter Notes - Chapter 1: Human Resource Management, Talent Manager, Profit Sharing

• School: University of Waterloo
• Department: Human Resources Management
• Course: HRM200
• Professor: Vince Di Ruzza

Document Summary

Human resources management (hrm): management of people in organizations: ensure the organization attracts, retains and engages diverse talent required to meet operational and performance commitments to customers and shareholders. Scientific management movement, increased operational efficiency but not wages: workers distrust in management. Shift from maintenance and administration to corporate contribution, proactive management and initiation of change: phase 4: current, hr departments helps organization achieve strategic objectives, responsibility over employees as they move through the human-capital life cycle. Selection and assimilation: development of capabilities, transition out of the organization. Operational and strategic aspects of human resource management: authority: the right to make decisions, direct others" work and give orders. Staff authority: gives the manager the right to advise other managers or employees: staff managers, run departments that are advisory or supportive, assist and advise line managers in areas such as recruiting, hiring and compensation. Secondary sector: jobs in manufacturing and construction services, finance, trade, public utilities and transportation/communications.