chapter 1 managing human resources. mgmt 422 - chapter 1 hrm practices/functions
TRANSCRIPT
Chapter 1
Managing Human Resources
MGMT 422 - Chapter 1
HRM Practices/Functions
MGMT 422 - Chapter 1
Human Capital An organization’s employees, described in
terms of their training, experience, judgment, intelligence, relationships, and insight
Creates a sustainable competitive advantage because they are– Valuable– Rare– Cannot be imitated– No good substitutes
MGMT 422 - Chapter 1
HR and Company Performance
MGMT 422 - Chapter 1
HRM Practices/Functions Analyzing and Designing Jobs
– Job analysis – what does the job entail and require?
– Job design – how should work be organized and divided?
Recruiting and hiring employees– Recruitment – how can we find the best
applicants?
– Selection – how do we assess the abilities and motivation of applicants?
MGMT 422 - Chapter 1
HRM Practices/Functions
Training and Developing Employees– Training – ensuring employees are able to
perform their current jobs most effectively
– Development –preparing employees for career
advancement and to take on new challenges
Managing Performance– Promoting excellence in our employee’s job
performance
MGMT 422 - Chapter 1
HRM Practices/Functions Planning and Administering Pay and
Benefits– Pay – ensuring our compensation is fair both
internally and externally– Benefits – maximizing employee satisfaction while
keeping costs manageable
Maintaining Positive Employee Relations– Supporting employees to help them be as
productive and satisfied as possible
MGMT 422 - Chapter 1
HRM Practices/Functions Establishing and Administering
Personnel Policies– Handling different employee situations (theft,
drug-use, dress code)
Ensuring Compliance with Labor Laws– Ensuring that our HR practices are aligned
with federal, state, and local laws and guidelines
MGMT 422 - Chapter 1
HRM Practices/Functions Supporting the Organization’s Strategy
– Adding value by directly contributing to the
strategic objectives of the organization
Human Resource Planning– Identifying the numbers and types of
employees the organization will require in
order to meet its objectives
MGMT 422 - Chapter 1
Skills of HRM Professionals
MGMT 422 - Chapter 1
HR Responsibilities of Supervisors
MGMT 422 - Chapter 1
Ethics in HRM The fundamental principles of right and
wrong Employee Rights
– Free consent
– Privacy
– Freedom on conscience
– Freedom of speech
– Due process
MGMT 422 - Chapter 1
Ethics Poll
MGMT 422 - Chapter 1
Identifying Ethical Practices
MGMT 422 - Chapter 1
HRM as a Career HRM Professionals
– HR Generalist – A person with responsibility for performing a variety of HR activities
– HR Specialist – A person with in-depth knowledge and expertise in a limited area of HR
Professional Organization– Society for Human Resource Management
(SHRM)– http://shrm.org– Has student memberships available