HR

Human Resource Management

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Set of flashcards Details

Flashcards	8
Language	English
Category	Micro-Economics
Level	Primary School
Created / Updated	15.11.2012 / 25.01.2015
Weblink	https://card2brain.ch/box/hr
Embed	<iframe src="https://card2brain.ch/box/hr/embed" width="780" height="150" scrolling="no" frameborder="0"></iframe>

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HRM covers

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(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

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(1)planning, recruiting, selecting

(2)developing (soft skills)

(3)rewarding

(4)departure

HRM principles are

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-Mbo (Management by objective)

-360° feedback (two way)

-assessments

-coaching

-team development

The nature of the employment relationship

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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

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-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

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-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

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-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?

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Strategic HRM is the interface between HRM and Strategic Management

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