Managing Human Resources Notes Essay

3388 Words Nov 15th, 2013 14 Pages
Managing Human Resources
Course Code: 4200

Chapter One: The World of Human Resource Management pages 1-28
Human resource management (HRM) The process of managing human talent to achieve an organization’s objectives

Human capital: The knowledge, skills, and capabilities of individual that have economic value to an organization. Skills that people bring with them

Six Sigma: A set of principles and practices whose core ideas include understanding customer needs, doing things right the first time and striving for continuous improvement

Reengineering: rethinking and radical redesign of business processes to achieve dramatic improvement in cost , quality, services and speed
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Sending the work overseas

Knowledge workers: Workers whose responsibilities extend beyond the physical execution of work to include planning, decision making and problem solving

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Human Capital and HRM * “Competing Through People” * Great business can be copied but people cannot * Successful companies are able to: * Develop HC: develop knowledge, skills and experience, retain and promote ppl * Social and technical skills – social skills harder to acquire * Utilize HC: don’t let people skills go unnoticed, most of the time this happens * HR is about managing talent to reach company objectives * Dave Ulrich: Learning capability is g times g . * A business ability to generate new ideas * ability to generalizing (use) them throughout the

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