Chapter 1 - Why HRM Matters To All Employees Flashcards
What is Human Resources Management?
Integrated set of processes, programs and systems focusing on the EFFECTIVE DEPLOYMENT and DEVELOPMENT of it EMPLOYEES
What does HRM issues impact on?
- individual well-being
- society
- organizational success
What’s a line manager?
Person in charge of a certain team, works closely with HR
What’s the line manager role?
- to Manage/lead employees so that they contribute effectively
- to determine work and job design
- to make hiring decisions
- responsible for performances…
What are the processes and practices of HRM?
- defining and designing work
- planning, recruiting, selecting the workforce
- onboarding, training and development
- managing performance
- recognizing and rewarding employees
- creating a safe and healthy work environment
Who develops training program? Who teaches it?
Developed by HR, taught by line manager
What are the 6 current business topics?
- Global Economy
- Evolution of firms and sectors
- Technology and quality
- Sustainibility
- Developing human capital and talent management
- Demographic and employee concerns
Give some current business issues linked to Global Economy:
- Globalization -> more movement of people, goods and capital
- Implications for business: more competition
- Implications for HRM: multiple legal contexts, culture, international workers
Give some current business issues linked to the Evolution of Firms and sectors:
- Increased competition
- Managing costs through outsourcing and contractors
- Consolidation and amalgation of businesses
Implications for business: “survival mode” for many companies
Implications for HRM: Downsizing, outsourcing
What are some innovation skills? (To help be more innovative and productive)
- Creativity, problem-solving, improvement skills
- Risk assessment skills and risk-taking skills
- Relationship-building and communication skills
- Implementation skills
Give some current business issues linked to Sustainability:
Natural resources are declining, climate change…
People are more concerned with protecting the env.
Implications for business:
- new threats
- new opportunities
Implications for HRM:
- New skills are required
Give some current business issues linked to Human Capital and Talent Management:
Organizations’ success increasingly depends on their ability to manage human capital
Implication for business:
- organizations must build their human capital and identify their core competencies
Implications for HRM:
- HRM activities must retain and develop human capital
- Talent management has to be the main focus of HRM
What is Human Capital?
The individual’s knowledge, skills and abilities that have economic value to an organization
What is talent managenent?
Leveraging competencies to achieve high organizational performance
Give some current business issues linked to Demographic and employee concerns:
Changes in composition of workforce:
- divers backgrounds, generations, age
- skills/labour shortage
- More educated workers
- More part-time workers
- more rights for employees (that are more aware of them)
- More concerned with ethics, privacy
- Shift of attitudes between colleagues
- work/life balance expected
