HRM Chapter 2 Human Resources Challenges Outline Notes

q  The two general HR challenges

            1. Organizational Demands:

                      a. Factors within a company that influence how employees are managed

                        b. Factors include: Strategy, Company Characteristics, Organizational Culture

                            & Employee Concerns

          2. Environmental Influences:

a. Pressure that exist outside a company that impact strategy & HR practices

b. Pressures include: Labor Force Trend, Technology, Globalization & Ethics/Social Responsibility

 

q  Strategy as an organizational demand

o   The two types of strategies

            1. Cost Leadership Strategy:  offering lowest costs for products & services

                        a. Focus on efficiency and cost reduction, minimize overhead and                             costs, economies of scale are realized

                        b. Only one cost leader per industry (i.e. – Walmart
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