Schwind07IM01 - Chapter 1 Strategic Importance of Human...

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Unformatted text preview: Chapter 1 Strategic Importance of Human Resource Management STRATEGIC IMPORTANCE OF HUMAN RESOURCE MANAGEMENT CHAPTER OBJECTIVES After studying this chapter, you should be able to: List challenges facing Canadian organizations in the context of managing their workforce. Discuss the objectives of human resource management. Discuss the meaning of strategic human resource management and steps in implementing the same. Discuss how human resource departments are organized and function. Discuss future roles of the human resource profession in this country. POWERPOINT ® SLIDES Canadian Human Resource Management includes a complete set of Microsoft PowerPoint ® files for each chapter. (Please contact your McGraw-Hill Ryerson representative to find out how instructors can receive these files.) In the lecture outline that follows, a reference to the relevant PowerPoint slide for this chapter is placed beside the corresponding lecture material. The slide number helps you to see your location in the slide show sequence and to skip slides that you don’t want to show to the class. (To jump ahead or back to a particular slide, just type the slide number and hit the Enter or Return key.) 1-1 1 Part 1 The Strategic Human Resource Management Model LECTURE OUTLINE (with PowerPoint ® slides) Strategic Importance of Human Resource Management Slide 1 Why Study HRM? Slide 2 Challenges-Canadian Organizations Slide 3 Challenges: Economic Slide 4 STRATEGIC IMPORTANCE OF HUMAN RESOUCE MANAGEMENT INTRODUCTION—WHY STUDY HRM? Important field of study due to crucial role of organizations in our society. • People are the essential resource of all organizations (human resources) • These human resources create the innovations and accomplishments for which organizations are recognized • Ultimately, organizational success depends upon careful attention to human resources—the most successful Canadian organizations effectively engage employees in creatively meeting organizational challenges CHALLENGES FACING CANADIAN ORGANIZATIONS In the context of managing their workforce, Canadian organizations face a number of critical challenges • People provide organizations the ability to meet economic, technological, demographic, cultural and legal challenges ECONOMIC CHALLENGES 1. Global Trade Challenge • For Canada, international trade has always been a crucial issue-- Canada ranks high among exporting nations, exporting more than Canada and Japan on a per capital basis-- Canadian jobs and economic prosperity depend upon international trade-- Exports of goods and services account for 44% of Canada’s Gross Domestic Product (GDP) • In recent years, Canada’s ability to compete internationally has been improving—Canada ranked third most competitive nation in world (2003) after U.S. and Australia 1-2 Chapter 1 Strategic Importance of Human Resource Management Challenges: Technological Slide 5 Trends: Workforce Diversity Slide 6 2. Challenge of Productivity Improvement •...
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Schwind07IM01 - Chapter 1 Strategic Importance of Human...

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