1.08k likes | 1.34k Views
KYTC. Prepared by: Safaa S.Y. Dalloul. E-HRM | Intro.| Unit 1. http ://safaadalloul.wordpress.com. 2013-2014. 1. 3. HRM Introduction. HRM and Environment. 2. HRM Functions. 4. 6. 5. HRM Perform Task. HR Diversity. HRIS. 1. HRM introduction.
E N D
KYTC Prepared by: Safaa S.Y. Dalloul E-HRM | Intro.| Unit 1 http://safaadalloul.wordpress.com 2013-2014
1 3 HRM Introduction HRM and Environment 2 HRM Functions 4 6 5 HRM Perform Task HR Diversity HRIS
1 HRM introduction Human Capital Management, Human Capital Assets, and HRM Definition
Do You Know the Meaning of Capital? Do You Hear about Types of Capital?
For Your Information The Capital is every thing can be converted to value. • Types of Capital • Financial Capital • Natural Capital • Social Capital • Instructional Capital • Human Capital • Examples • Obligation, Liquidity of Money • Ocean, River • Brand Value, Goodwill • Knowledge (Academic) • Social, Instructional, and Individual
Human Capital Management It is the task of measuring the cause and effect of relationship of various HR programs and policies on the bottom line of the firm.
Human Capital Management Continued A company's human capital asset: is the collective sum of the attributes, life experience, knowledge, inventiveness, energy and enthusiasm. Note: HCM attempts to obtain additional productivity from workers, so HR plays a significant role.
Definition Of HRM HRM: is the utilization of a firm's human resources to achieve organizational objectives and it is an individual dealing with human resources matters faces a multitude of challenges.
Define the following: Human Capital ManagementHuman Capital Asset HRM
2 HRM Functions Staffing, HR Development, Compensations and Benefits, PA, Safety, Employee Relations, HR Research
HRM Functions | Staffing The process through which an organization ensures that it always has the proper number of employees with the appropriate skills in the right jobs at the right time to achieve the organization's objectives.
HRM Functions | HR Development It consists of not only training and development, but also of individual career planningand development activities, organization development and performance appraisal. Note: Human resources development is a major HRM function.
HRM Functions | Compensation and Benefits A well-thought-out compensation system provides employees with adequate/suitable and equitable rewards for their contributions to meet organizational goals.
HRM Functions | Compensation and Benefits Continued Pay: the money that a person receives for performing a job.
HRM Functions | Compensation and Benefits Continued Benefits: Additional financial rewards; differ from base pay, including paid vacations, sick leave holidays and medical insurance.
HRM Functions | Compensation and Benefits Continued Non-financial rewards; Non-monetary rewards; such as enjoyment of the work performed or a satisfactory of workplace environment that provides flexibility.
HRM Functions | Performance Appraisal It is a formal system of review and evaluation of individual or team task performance. The focus of PA in most firms remains on the individual employees.
HRM Functions | Performance Appraisal An effective appraisal system evaluates accomplishments and initiates plans for development, goals, and objectives.
HRM Functions | Employee and Labor Relations A business firm is required to recognize a union and bargain with it in good faith if the firm's employees want the union to represent them.
HRM Functions | HR Research Although human resource research is not a distinct HRM function, it pervades all functional areas, and the researcher's laboratory is the entire work environment.
3 Environment Factors
Environment Factors • Internal Factors • The factors that affect a firm's human resources from inside organization's boundaries. • Discuss • External Factors • The factors that affect a firm's human resources from outside organization's boundaries. • Discuss
The Labor Force The labor force is a pool of external individuals to the firm from which the organization obtains its workers. As new employees are hired from outside the firm, the labor force is considered an external environmental factor.
Legal Consideration Refers to federal, state and local legislation. Many court decisions interpreting this legislation, in addition to presidential executive orders.
Society Society exerts/uses pressure on HRM. To remain a company acceptable to the general public, it must accomplish its purpose while complying with societal norms.
Society Continued Social responsibility: the implied enforced or felt obligation of mangers, acting in their official capacity to serve or protect the interests of groups rather than themselves. Ethics: The discipline dealing with what is good and bad or right and wrong or with moral duty and obligation.
Unions • Union: comprise of employees who have joined together for the purpose of dealing with their employer. • Unions become a third party when dealing with the company. • In a unionized organization, the union negotiates an agreement with management.
Shareholders • Shareholders: The owners of a corporation. • As they invest money in the firm, they may challenge at times programs considered by management to be beneficial to the organization.
Competition Firms may face intense competition in both their product or services and labor markets.
Customers The people who actually use a firm's goods and services. As sales are crucial to the firm's survival, management has the task of ensuring that its employment practices do not antagonize its customers.
Technology • Technology affects every area of a business including HRM. • Technological changes occur so rapidly nowadays. • HR technology has the potential to either increase or decrease an organization's worth.
The Economy • The economy is a major environmental factor affecting HRM. • When the economy is booming, recruiting qualified workers is more difficult, and when downturn is experiences, more applicants are typically available.
HRM Task 4 How Performs the HRM Task?, HR Designations, HR Functions in Organization (Size)
How Performs the HRM Task? The person or units who perform the HRM tasks have changed dramatically in recent years. Restructuring resulted in a shift which carries out each function.
How Performs the HRM Task? Continued • HR Manager • Shared Services Center • Outsourcing Firms • Line Manager
HRM Task| HRManager An individual who normally acts in an advisory or staff capacity, working with other mangers regarding human resource matter. Historically, HR department perform the functions internally.
HRM Task| HR Manager Continued HR Manager is primarily responsible for coordinating the management of human resources to help the organization achieves its goals. There is a shared responsibility between line managers and human resource professionals.
HRM Task| Shared Services Center Shared Services Centers: A center that takes routine, transaction-based activities disperses throughout the organization and consolidates them in one place.
HRM Task| Outsourcing Firms Outsourcing: the process of transferring responsibility for an area of service and its objectives to an external provider. Outsourcing increases in order to reduce costs caused by sluggish earnings or tighter budgets, mergers and acquisitions that have created many redundant systems.
HRM Task| Line Manager Individual directly involved in accomplishing the primary purpose of the organization.
HR Designations • An Executive • A Generalist • A Specialist
HR Designation| Executive An executive: is a top-level manager who reports directly to a corporation's chief executive officer or to head of a major division.
HR Designation| Generalist A person who performs tasks in a variety of human resource-related areas.
HR Designation| Specialist An individual who may be a human resource executive, a human resource manager, or a manger and who is typically concerned with only one of the HRM functions.
How are the HR Functions conducted in the organization regarding to its size?
HR Functions in Organizations • Small Business • Medium Business • Large Business