HR
Human Resource Management
Human Resource Management
Set of flashcards Details
| Flashcards | 8 |
|---|---|
| Language | English |
| Category | Micro-Economics |
| Level | Primary School |
| Created / Updated | 15.11.2012 / 25.01.2015 |
| Licencing | No Copyright (CC0) |
| Weblink |
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| Embed |
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HRM covers
(1)functions and activities of the HRM department of any organisation
and
(2) the duty of any line managers including the CEO to manage his or her personnel.
Key functions
(1)planning, recruiting, selecting
(2)developing (soft skills)
(3)rewarding
(4)departure
HRM principles are
-Mbo (Management by objective)
-360° feedback (two way)
-assessments
-coaching
-team development
The nature of the employment relationship
Economic
Pay for work
Social
“Social norms”, influence employees actions in the workplace
Legal
Common Law and statutory rights
Psychological
Commitment and motivation = high performance (love the company)
Eight Challenges for HRM
-Globalization
-Value chain for Business competitiveness and HR services
-Profitability through cost and growth
-Capability focus
-change and some more
-Technology
-Attracting, retaining and measuring competence and intellectual capital
-Turnaround is not transformation
Line Managers goals
-Understand organizational capability as an essential source of competitiveness
-Participate in the process of designing competitive organizations
-See the organizational implications of competitive challenges
-Dedicate time and energy to organizational capability
HR professionals must achieve the following
-See HR issues as part of a competitive business equation
-Articulate why HR matters in business terms, starting with business value
-Talk comfortably about how competitive challenges dictate HR activities
What is Strategic Human Resource Management?
Strategic HRM is the interface between HRM and Strategic Management
