1: Intro to Human Resources Management

Human resources management

An integrated set of systems, practices and policies in an organization focusing on the effective development and deployment of its employees.

Downsizing

A strategy to decrease the number of employees in a company.

Outsourcing

Hiring a person who does not work for the company to perform work that would have normally been performed by someone employed by the company.

Independent Contractors

Someone hired for a specific job at a specific time who is not subject to tax deductions such as EI and income tax.

Telecommuting

The practice of working from home, which has grown in popularity following COVID-19.

Six sigma

A process used to translate customer needs into a set of optimal tasks performed together.

Lean

An organizational system of improvements that maximize customer value and minimize waste.

Benchmarking

Finding the best practices in other organizations that can be brought into a company to enhance performance.

Human capital

The value that employees provide to an organization through their knowledge, skills and attributes.

Core competencies

A combination of knowledge, skills and characteristics needed to effectively perform a role in an organization.

Gig economy

Working 2 or more part-time jobs to supplement income.

She-cession

A term reflecting female disparity in the workplace in the aftermath of the COVID-19 pandemic.

Employee expectations

Rights, ethics, privacy, and the need for fulfilling and meaningful work.

Work-life balance

The balance between work challenges and personal life rewards.

Canada's family physician shortage

A crisis caused by bureaucratic systems and underfunded primary care networks affecting recruitment.

Employee lifecycle

The stages employees go through in their relationship with an organization, from recruitment to separation.

Workplace conflicts

Various disputes that may involve HR or a third-party investigator.

Health and safety culture

An organizational atmosphere that prioritizes the wellness of employees and compliance with safety regulations.

Employee advocacy

The process of helping employees understand their rights and roles within the organization.