Reading: Human Resource Management
What
is Human Resource Management?
•Capital
- Cash, valuables or goods used to generate income
- People are one of the most important types of capital in business
- Cash, valuables or goods used to generate income
- People are one of the most important types of capital in business
•Human
Resource Management
- The process of employing people, training them, compensating, developing policies relating to people and developing strategies to retain employees
- The process of employing people, training them, compensating, developing policies relating to people and developing strategies to retain employees
The
Role of Human Resources
•Human
resources focuses on internal factors including:
- Staffing
- Development of workplace policies
- Compensation and benefits management
- Retention
- Training and development
- Laws affecting employment
- Worker protection
- Staffing
- Development of workplace policies
- Compensation and benefits management
- Retention
- Training and development
- Laws affecting employment
- Worker protection
The
Role of Human Resources
•External
factors
- Globalization
- Offshoring
- Changes to employment law
- Healthcare costs
- Diversity
- Technology
- Increase of social networking
- Changing demographics
- A highly educated workforce
- Layoffs, downsizing
- Globalization
- Offshoring
- Changes to employment law
- Healthcare costs
- Diversity
- Technology
- Increase of social networking
- Changing demographics
- A highly educated workforce
- Layoffs, downsizing
Last modified: Tuesday, August 14, 2018, 8:34 AM