Thursday, February 6, 2014

Human Resource Strategy: A People-Centered Approach

Human Resource Management (HRM)
The acquisition, evaluation, retention, and development of human resources are necessary for organizational success. Moved from a support staff function (personnel) to a more strategic role in organizations.

Human Capital

All present and future workforce participants who need to develop to their full potential as valuable assets to organizations.
A General Model for Human Resource Management

People-centered organizations enjoy a competitive advantage because of people-centered practices:
Protection of job security
Rigorous hiring process
Employee empowerment
Compensation linked to performance
Comprehensive training
Reduction of status differences
Sharing of key information

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