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Human Resource Management Class Notes_82144614-A-Human-Resource-Management

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COLLEGE OF BUSINESS ADMINISTRATION Human Resources Management MNGT 103 INTRODUCTION The Origin and Development of Human Resource Management • • • • • 17th Century before the start of Industrial revolution Steam engine & assembly line Adam Smith- father of capitalism 1800-trade unionism started 20th century- Frederick Taylor- father of scientific management conducted studies. • Hawthorn studies by Elton Mayo 1927-1932bsignificant role of social relationship • Today’s focused is seen in enriched jobs, increased empowerment and participations in decision making DEFINITION OF HRM • Concepts of Human Resources People are our greatest asset People demand a fair return of their investments • Definition of Human Resources Effective use of the human resources to improve its performance Strategic & coherent approach to the management of the organization’s most valued asset the people. The productive use of people in achieving the organization’s strategic business objectives and the satisfaction of the individual .  Strategic activity- has moved from traditionally administered function to strategic one that recognizes the link between talented and engaged people and the organization’s success.  Human resources capital-people in the organization with different values, aspirations, culture, education, attitude, etc. It takes a lot of skills, adroitness, people sensitivity to manage the HR.  A Company may have the best strategies a ...
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