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Objectives

Objectives. Identify & describe essential management functions Identify the factors of production Explain the importance of human resource planning Discuss roles in human resource management (HRM) Workforce planning Recruitment Training & motivation Dismissal & redundancy Work structure.

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Objectives

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  1. Objectives • Identify & describe essential management functions • Identify the factors of production • Explain the importance of human resource planning • Discuss roles in human resource management (HRM) • Workforce planning • Recruitment • Training & motivation • Dismissal & redundancy • Work structure

  2. What Do Managers Do? Achieve Organization’s Objectives

  3. “Manage” Factors of Production

  4. Human Resource Planning Anticipating organization’s current & future labor needs Organizational Objectives Historical Data & Trends Sales & Income Levels Labor Turnover Rates Demographic Changes Technological Changes Number of Employees Required Type of Employees Needed

  5. What is Human Resource Management (HRM)? • Utilizing & developing people within a business to meet organizational objectives • Human resource planning • Recruitment, selection & induction of new employees • Training & development of staff • Performance management & appraisals • Promotion & relocation of staff • Reviewing & remuneration of staff • Disciplinary & grievance procedures • Looking after the welfare of employees

  6. Consequences of Ineffective HRM(The 5 Rs) • Recruitment – higher recruitment, induction & training costs • Resources – increasing amount of management resources & time spend dealing with problems • Reservations – low morale and high uncertainty • Returns – low levels of productivity, competitiveness • Reputation – poor corporate image Unable to Achieve Objectives

  7. Group Work • Discuss assigned textbook case and write responses in note packet. • 2.1.1 • 2.1.2 • 2.1.3 • 2.1.4 • 2.1.5 • 2.1.7 • Prepare to share response with class.

  8. 2.1.1 (Demographic Changes) • Outline = Command Level 1 • Briefly state, or give a summary of, the issues, principles, or arguments stated in the question

  9. 2.1.2 (Labor Turnover) • Explain = Skill Level 2 • Describe, giving reasons • Define = Skill Level 1 • Give a clear and precise meaning of a given work, term or concept • Comment = Skill Level 2 • Write an explanation of, or commentary on, the information given in relation to a problem or issue.

  10. 2.1.3 (Recruitment) • Examine = Skill Level 3 • Consider an argument or concept in a way that uncovers the assumptions and interrelationships of the issue. • Explain = Skill Level 2 • Describe, giving reasons

  11. 2.1.4 (Training & Development) • Explain = Skill Level 2 • Describe, giving reasons • To what extent = Skill Level 4 • Evaluate the success (or otherwise) of an argument or concept. Opinions and conclusions should be presented clearly and supported with empirical evidence and sound argument.

  12. 2.1.5 (Dismissal & Redundancy) • Distinguish= Skill Level 2 • Make clear the differences between 2 or more concepts/terms • Analyze = Skill Level 3 • Break down in order to bring out the essential elements, structure, any underlying assumptions and any interrelationships involved

  13. 2.1.7 (Employment Patterns & Practices) • Describe= Skill Level 1 • Present the characteristics of a particular topic • Analyze = Skill Level 3 • Break down in order to bring out the essential elements, structure, any underlying assumptions and any interrelationships involved • Discuss = Skill Level 4 • Offer a considered and balanced review of a particular topic. Opinions or conclusions should be presented clearly and supported by empirical evidence and sound argument.

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