IUV229 Economics of Human Resources

Code IUV229
Name Economics of Human Resources
Status Compulsory/Courses of Limited Choice; Courses of Free Choice
Level and type Undergraduate Studies, Academic
Field of study Business Management and Administration
Academic staff Elīna Gaile-Sarkane, Iveta Ozoliņa-Ozola, Valentīna Strautmane
Credit points 2.0 (3.0 ECTS)
Parts 1
Annotation Human resource economics is the subject, the purpose of which is to provide advanced information on labour social-economical issues, and to help students acquire knowledge and skills that are necessary for economic evaluation of human resource management and for decision making about solutions of human resources’ economical return, labour productivity and organization’s competitiveness enhancement..
Goals and objectives
of the course in terms
of competences and skills
Learning outcomes
and assessment
Ability to define indicators of the composition and quality of human resources. - Test
Ability to describe the functioning of the labor market and its regulation, ability to describe current trends in the labor market in the EU and Latvia. - Presentation “Labor Market in Latvian Economy Sectors”. Inspection work.
Ability to find data and information related to human resources and work. - Presentation “Labor Market in Latvian Economy Sectors”.
Ability to calculate and analyze company headcount, structure and movement. - Calculations for the analysis of staff numbers, structure and movement.
Ability to analyze human resource costs and discover ways to reduce them. - Calculations of company labor costs. Situation analysis of possibilities to reduce labor costs in a company. Inspection work.
Ability to analyze work productivity and discover opportunities to improve it, ability to describe work productivity management. - Calculations of company productivity. Situation analysis on labor productivity improvement opportunities in Latvian companies. Inspection work.
Ability to analyze the use of working time and to discover the rational use of working time. - Calculations and case studies on the use of company time. Inspection work.
Ability to determine the number of employees needed. - Calculations for determining the number of employees required. Inspection work.
Ability to evaluate company payroll organization and discover opportunities for improvement - Calculation of fixed and variable components of remuneration. Case study on opportunities to improve the payroll organization of companies. Inspection work.
Ability to evaluate the effectiveness of human resource management programs. - Calculations for determining the economic effectiveness of an organization's human resource management projects. Case study on the evaluation of human resource management in an organization.
Course prerequisites According to the study programme

[Extended course information PDF]