1.1: Introduction Flashcards
What types of organizations are affected by human resources management (HRM)?
All types of organizations, including different sizes, for-profit or not-for-profit, and various industries, are affected by HRM.
Why is HRM relevant to students taking courses like general management, economics, or organizational behaviour?
The information from those courses contributes to a fuller understanding of HRM, as it intersects with multiple aspects of business.
How does the state of the economy influence human resources management?
The economy directly impacts how many employees an organization hires.
Without a healthy economy, businesses may not thrive, leading to fewer job opportunities.
How does human resources management help ensure that an organization’s values are built into its practices?
HRM integrates an organization’s values into its systems and practices to support its goals and maintain consistency in operations.
Why is managing people key to the business agenda in organizations?
Organizations consist of people, and bringing different kinds of people together effectively ensures the organization can achieve its goals.