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BU354 F22

Get a hint

What is HRM?

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Terms in this set (112)

process of managing human talent to achieve organization's objectives

What is human capital?

knowledge, skills and capabilities

What are the 3 components of the overall framework for HRM

1. Competitive challenges
2. Human Resources
3. Employee Concerns and Issues

Give an example of how the overall framework for HRM operates

competitive challenge: increasing digitilization giving more calls for innovation
HR: hire high-skilled workers that can make innovation happen
Employee concern: these individuals may want a better WLB than be overworked

What are the 7 HR strategies to respond to crisis, changes and disruptions, list and define them

1. Six Sigma
2. Reengineering:
3. Downsizing
4. outsourcing
5. change management
6. reactive change
7. proactive change