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HRM - Prelims - Reviewer

The document outlines key concepts in Human Resource Management (HRM), emphasizing the importance of human capital in creating a competitive advantage for organizations. It discusses HRM practices, responsibilities of HR departments, and the impact of HR on company performance, including recruitment, training, and compliance with labor laws. Additionally, it addresses trends such as changes in the labor force, the aging workforce, and the influence of technology on HRM practices.
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0% found this document useful (0 votes)
18 views6 pages

HRM - Prelims - Reviewer

The document outlines key concepts in Human Resource Management (HRM), emphasizing the importance of human capital in creating a competitive advantage for organizations. It discusses HRM practices, responsibilities of HR departments, and the impact of HR on company performance, including recruitment, training, and compliance with labor laws. Additionally, it addresses trends such as changes in the labor force, the aging workforce, and the influence of technology on HRM practices.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

HUMAN RESOURCE MANAGEMENT

PRELIMS - ANNUNCIATION

CHAPTER 1: MANAGING HUMAN • Human capital is used to create a


RESOURCES sustainable competitive advantage
because they are
o Valuable
Human Resources and Company Performance
o Rare
Responsibilities of Human Resource
o Cannot be imitated
Departments Skills of HRM Professionals HR
o No good substitutes
Responsibilities of Supervisors Ethics in Human
Resource Management Careers in Human
Resource Management
Impact of Human Resource Management

What is Human Resources?

• How have you interacted with HR in your


current or previous jobs?
• What value does HR bring to an
organization?

Nature of Human Resource Management


Responsibilities of HR Departments
• Human Resource Management

o The policies practices, and systems


that influence employees’ behavior,
attitudes, and performance.

• What are examples of HR systems?

HRM Practices

• Important HRM practices include:

➢ One employee dedicated to handle HR


related matters is usually necessary in
a company of 25 employees

HR Functions

HR and Company Performance • Analyzing and Designing Jobs


o Job analysis – what does the job entail
• Human Capital and require?
o An organization’s employees, o Job design – how should work be
described in terms of their training, organized and divided?
experience, judgment, intelligence, • Recruiting and hiring employees
relationships, and insight

Page 1 of 6
HUMAN RESOURCE MANAGEMENT
PRELIMS - ANNUNCIATION

o Recruitment – how can we find the ➢ Which of the following qualities were
best applicants? in the top 5 as reported by employers?
o Selection – how do we assess the o Technical skills and Interpersonal
abilities and motivation of applicants? skills
• Training and Developing Employees
o Training – how do we ensure
employees are able to perform their
current jobs most effectively?
o Development – how do we prepare our
employees for career advancement
and to take on new challenges
• Managing Performance
o Performance management – how do
we measure and promote excellence in
our employee’s job performance?
o How & What
Skills of HRM Professionals
• Planning and Administering Pay and
Benefits
o Pay – how do we ensure our
compensation is fair both internally
and externally?
o Benefits – how do we maximize
employee satisfaction while keeping
costs manageable?
• Maintaining Positive Employee Relations
o How can we support our employees to
help them be as productive and
satisfied as possible?
• Establishing and Administering Personnel
Policies
Who is responsible for HR?
o How do we handle different employee
situations? (theft, drug-use, dress ➢ In an organization, who should be
code) concerned with human resource
• Ensuring Compliance with Labor Laws management?
o How do we know and ensure that our o Managers and HR departments
HR practices are aligned with federal,
state, and local laws and guidelines?
HR Responsibilities of Supervisors
• Supporting the Organization’s Strategy
o How do we add value by directly
contributing to the strategic objectives
of the organization?
• Human Resource Planning
o Identifying the numbers and types of
employees the organization will
require in order to meet its objectives.

Page 2 of 6
HUMAN RESOURCE MANAGEMENT
PRELIMS - ANNUNCIATION

Ethics in Human Resource Management HR Management Qualifications

• Ethics • Knowledge of HR domain and ability to


o The fundamental principles of right execute it
and wrong o Professional of Human Resources
• What rights do employees have? Certification is obtained by many HR
professionals (HRCI.org)
• Business knowledge of organization and its
Standards for Identifying Ethical Practices strategies
• College degree and many have completed
post-graduate work (Masters, PhD)

Test your knowledge

➢ Which HR functions are primarily


concerned with 1) ensuring employees
are capable of doing their current job,
2) ensuring that employees are
satisfied with their rewards.
o 1) Training; 2) pay & benefits
Ethical Standards Poll

HR Management as a Career Field

• HR Generalist
o A person with responsibility for
performing a variety of HR activities.
• HR Specialist
o A person with in-depth knowledge and
expertise in a limited area of HR.
• Professional Organization
o Society for Human Resource
Management (SHRM)
o http://shrm.org
o Has student memberships available

Page 3 of 6
HUMAN RESOURCE MANAGEMENT
PRELIMS - ANNUNCIATION

CHAPTER 2: TRENDS IN HUMAN RESOURCE HRM Practices that Support a Diverse


MANAGEMENT Workforce

• Change in the Labor Force


• High Performance Work Systems
• Focus on Strategy
• Technological Change in HRM

Change in the Labor Force

• Labor Force
o What constitutes the labor force? Skill Deficiencies in Workforce
• Internal labor force
• TRUE - Use of computers to do routine
o The workers an organization already
tasks has changed the kinds of skills
has
needed by employees.
• External labor market
• FALSE - A college degree is not as
o Individuals actively seeking
important as it once was.
employment
• TRUE - U.S. production jobs require
intelligence and skills as much as
Age Distribution of U.S. Labor Force, 2002 and strength.
2012

High Performance Work Systems

• High-Performance Work Systems


o Organizations that have the best
possible fit between their social
system and technical system.
• What contributes to a high-
Aging Workforce performance work system?

• What are the challenges organizations


face with regard to the aging Knowledge Workers
workforce? • Employees whose main contribution
to the organization is specialized
Projected Racial/Ethnic Makeup of the U.S. knowledge, such as knowledge of
Workforce 2012 customers, a process, or a profession
• How does the increase in knowledge
workers affect HRM practices?

Test Your Knowledge

• Ensuring that knowledge workers will


share information and store it so that it
is easily retrieved by others is the
concern of which of the following HR
activities. Knowledge Management

Page 4 of 6
HUMAN RESOURCE MANAGEMENT
PRELIMS - ANNUNCIATION

Employee Empowerment & Teamwork Downsizing

• Employee Empowerment • Why do companies downsize?


o Giving employees responsibility • If you were told you were being downsized,
and authority to make decisions what would you want to know?
regarding all aspects of product • If you weren’t being downsized but others
development or customer service were, what would you want to know?
• Teamwork
o The assignment of work to groups
Expanding into Global Markets
of employees with various skills
who interact to assemble a • To meet competitive challenges, U.S.
product or provide a service companies must expand globally:
o Develop global markets
o Hire from a international labor
Test Your Knowledge pool
o Prepare employees for global
• Sharon is a very smart and
assignments
conscientious worker. Lately, she
 Expatriates
has felt that her ideas were
• Would you consider being an
disregarded and she was denied
expatriate?
autonomy in completing her work.
o A=Yes, B= No
This situation is probably caused
• Where Immigrants to the US Came
by a lack of
from in 2003 - Insert Figure 2.6
a) Employee Empowerment
b) Knowledge Management
c) Turnover Technological Change in HRM
d) Teamwork
• Human resource information system
(HRIS) is a computer system used to
Focus on Strategy acquire, store, manipulate, analyze,
retrieve, and distribute information related
• How can human resource management
to human resources
support and contribute to organizational
strategy?
New Technologies Influencing HRM
Business Strategy: Issues Affecting HRM

Page 5 of 6
HUMAN RESOURCE MANAGEMENT
PRELIMS - ANNUNCIATION

The Internet Economy • What was the psychological contract in


the 60’s and 70’s?
• Companies use the Internet to gain an
• What is the psychological contract
advantage or keep up with competitors
now?
• Electronic business (e-business)
• What factors affect the psychological
o Business-to-consumer
contract?
o Business-to-business
o Consumer-to-consumer
• What are some examples?

Electronic HRM

• e-HRM
o The processing and transmission
of digitized HR information,
especially using computer
networking and the Internet

Using e-HRM

• How could e-HRM be used with regard


to:
o benefits?
o selection?
o succession planning?
o development?

Implications of e-HRM

Change in Employment Relationship

• The Psychological Contract


o A description of what an employee
expects to contribute in an
employment relationship and
what the employer will provide the
employee in exchange for those
contributions

Page 6 of 6

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