Chapter 1 Powerpoint Flashcards
What is the definition of Human Resources Management (HRM)?
HRM is an integrated set of systems, practices, and policies in an organization that focuses on the effective deployment and development of its employees.
Why is it important to study Human Resources Management?
To build a skilled, knowledgeable, and motivated workforce; help employees understand processes that affect them; foster connection among employees; and create a work environment that promotes engagement, motivation, and success.
What are the primary responsibilities of a manager in HRM?
Determining work and job design, promoting a culture of well-being, making hiring decisions, coaching and developing employees, and reviewing performance.
What are the primary responsibilities of an HR professional?
Aligning HR strategies with business strategies, delivering services like recruitment, and strengthening employee contributions.
What are the six current business topics impacting HRM?
Global Economy
Changes in Business Sectors and Firms
Technology
Quality Management
Human Capital
Demographics
How does the global economy impact HRM?
The Canadian economy relies on exports, with international companies operating in Canada and Canadian companies operating globally, affecting workforce needs and HR practices.
How has technology changed HRM?
Technology has improved business processes, made HRM less administrative, and enabled telecommuting, with significant lessons learned from the COVID-19 pandemic.
What is the role of quality management in HRM?
It involves balancing employee needs with customer requirements, using tools like Six Sigma, and emphasizing performance management and total rewards to maintain focus on quality.
How does human capital influence HRM?
Organizations recognize the value of employees’ knowledge, skills, and capabilities, identifying core competencies and focusing on talent management.
What demographic changes affect HRM?
Increasing workforce diversity, multiple generations in the workplace, skills and labor shortages, shifts in gender distribution, and rising education levels.
What are key evolving employee expectations?
Emphasis on rights, ethics, and privacy; desire for fulfilling, meaningful work; and the need to balance work and family life.
What is the relationship between business strategy and HRM strategy?
HRM strategy must align with business strategy, viewing employees as assets and using HR practices to gain a competitive advantage through people.
What is the definition of Human Resources Management Strategy?
The development and implementation of HRM systems, practices, and policies that enable human capital to achieve business objectives.
