Final answer:
IMPAC on human resource management affects the hiring process, ensures equal opportunity, reduces biases, and invests in human capital development. It also includes professionalizing HR functions and managing work-family conflicts with policies that support employee growth and satisfaction.
Step-by-step explanation:
IMPAC on human resource management (HRM) impacts how a company attracts, hires, and maintains its workforce. HRM involves strategies to identify the right candidates, like Imani in our example, who can contribute positively to an organization's culture and productivity. It encompasses procedures to promote a positive image of the company to potential hires, ensure equal opportunity practices, and minimize biases in the hiring process, such as those highlighted in the research on name-based discrimination in Canada.
The influence of IMPAC on HRM also pertains to professionalizing HR functions to improve hiring quality and reduce work-family conflict, which can be seen in policies that companies like IBM and Lucent Technologies have implemented. Investment in human capital is another key area of IMPAC on HRM, such as training and development initiatives post-hiring, which contribute to the long-term success of both employees and the company. Lastly, HRM strategies are influenced by managerial relationships, which can significantly affect employee satisfaction and growth, emphasizing the importance of productive interactions between employees and managers.