Matrix Five.docx - Matrix Ten Chapter Ten Business Foundations A Changing World(Ferrell et al 2018 Learning Objective 1 Define human resources

Matrix Five.docx - Matrix Ten Chapter Ten Business...

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Matrix Ten- Chapter Ten Business Foundations: A Changing World (Ferrell et. al 2018) Learning Objective 1: Define human resources management, and explain its significance. The Nature of Human Resources Management & Planning for Human Resources Needs Human resources management (HRM): refers to all the activities involved in determining an organization’s human resources needs, as well as acquiring, training, and compensating people to fill those needs. Human resources managers are concerned with maximizing the satisfaction of employees and motivating them to meet organizational objectives productively. Job analysis: determines, through observation and study, pertinent information about a job —the specific tasks that comprise it; the knowledge, skills, and abilities necessary to perform it; and the environment in which it will be performed. Job description: a formal, written explanation of a specific job that usually includes job title, tasks to be performed (for instance, waiting on customers), relationship with other jobs, physical and mental skills required (such as lifting heavy boxes or calculating data), duties, responsibilities, and working conditions.
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