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Human Resource Managemen t
Chapter Ten
Copyright © 2015 McGrawHill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGrawHill Education.
Learning Objectives
LO 1 Discuss how companies use human resources management to gain competitive advantage.
LO 2 Give reasons companies recruit both internally and externally for new hires.
LO 3 Identify various methods for selecting new employees.
LO 4 Evaluate the importance of spending on training and development.
10-2
Learning Objectives (cont.)
LO 5 Explain alternatives for who appraises an employee’s performance.
LO 6 Describe the fundamental aspects of a reward system.
LO 7 Summarize how unions and labor laws influence human resources management.
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Human Resource Management
Human resources management (HRM)
– Formal systems for the management of people within an organization.
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Strategic Human Resources Management
Human capital
– The knowledge, skills, and abilities of employees that have economic value.
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