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Chapter 1

Chapter 1. Managing Human Resources. HRM Practices/Functions. 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

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Chapter 1

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  1. Chapter 1 Managing Human Resources

  2. HRM Practices/Functions MGMT 422 - Chapter 1

  3. 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

  4. HR and Company Performance MGMT 422 - Chapter 1

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. Skills of HRM Professionals MGMT 422 - Chapter 1

  11. HR Responsibilities of Supervisors MGMT 422 - Chapter 1

  12. 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

  13. Ethics Poll MGMT 422 - Chapter 1

  14. Identifying Ethical Practices MGMT 422 - Chapter 1

  15. 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 MGMT 422 - Chapter 1

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