Ch 1 F10_updated_posted

Ch 1 F10_updated_posted - Chapter1 TheChallengeofHuman...

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Chapter 1 The Challenge of Human  Resource Management
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What is the difference between human  capital and human resource  management? Human Capital – people make the  difference in how an organization  performs.
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HRM Activities HR planning Recruitment and retention Staffing  Selecting employees to fit  the job  and  organization Job design Training/development Performance appraisal Measuring performance  and providing feedback Communications Compensation To motivate employees Benefits Labor relations
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Describe the challenges in  managing human capital. 1. Going Global 2. Embracing New Technology 3. Managing Change 4. Managing Human Capital 5. Responding to the Market 6. Containing Costs
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Explain how globalization is  influencing human resource  management.
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Challenge 1: Going Global Globalization – The trend toward  opening up foreign markets to  international trade and investment.
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