Chpt 1

human resources, human capital, intellectual assets, and talent management imply that people drive the performance of their organizations (along with other resources, such as money, materials, and information

Successful organizations are particularly adept at bringing together different kinds of people to achieve a common purpose. This is the essence of human resources management

HRM involves a wide variety of activities, including analyzing a company’s competitive environment and designing jobs so that a firm’s strategy can be successfully implemented to beat the competition fairly and ethically

identifying, recruiting, and selecting the right people for those jobs; training, motivating, and appraising these people; developing competitive compensation policies to attract and retain them; grooming them to lead the organization in the future

involves responsibilities such as fullcycle recruitment, promotions, and terminations

covers training and development responsibilities

involves compensation planning, such as crafting job descriptions, conducting performance evaluations, completing job analyses, and reviewing compensation surveys; also covers jobs that specialize in benefits, whether it be developing a benefits plan, communicating with vendors, administering benefits plans, and further benefits-related tasks