Chapter One Flashcards
- The role of Human Resources in the 21st century organization (Chapter 1)
HR Role - forecasting labor trends, designing new ways to acquire new employees, measure effectiveness, help managers enter new markets
Also
Re engineering - redesign in a company to improve cost, quality, service, and speed.
downsizing - eliminate jobs
outsourcing - contract out work
change management - easy.
Reactive Changes
vs
Proactive changes
changes occur after something has already happened
Change initiated to take advantage of targeted opportunities
Employer-Employee Contract: Then and Now
THEN: Pre-1990’s
Secure career
Predictable raises
Loyalty valued
Career development a company responsibility; paternalism
Entire career might be spent at one company
1990’s-2010
“New employment contract”
Employees as freelancers (i.e., expenses); high job mobility
Career development an employee responsibility
Rewards: More challenging jobs; pay for performance
Loyalty seen as a negative
NOW: “Sustainable HR” Employees as assets, not expenses Employer wants long-term (not just short-term) inputs Renewed focus on loyalty Increased job security and benefits Annual career interest assessments Development a partnership
HR – Then and Now
20th Century HR Isolated (physically and structurally) Low status: seen as barrier by functional managers Little role in strategy and planning Little role in employee development Manual record-keeping
21st Century HR
A key member of senior strategy team
A source of information on marketplace changes
Important role in sourcing, motivating, training, promoting, and replacing employees
Employees viewed as a strategic asset: “human capital”
HRIS
HRM Framework
Competitive Challenges Marketplace changes Economic cycles Technology Globalization Diversity Cost control
HR Roles Planning Recruiting Staffing Job design Training Compensation Benefits Appraisal Labour relations
Employee Issues Job security Health care Generational issues Gender issues Employee rights Privacy Family issues Retirement
Competitive Challenges and HRM (6)
Responding strategically to market changes
Recruiting and staffing globally
Technology in HRM
Balancing employee retention and cost containment
CSR and Sustainabilty
Diversity (age, immigration, education)
Technology and HRM: The HRIS
Tracks talent
Allows functional managers to search online for internal talent
Captures information from job recruiting sites
Scans submitted resumes
Tracks employees’ goals (and allows individual employees to track their progress)
Reduces functional silos: skill sets not needed in one area may be need in another area
Aids in succession planning: who is retiring, and when
Cost Containment Options
Downsizing (laying off employees)
Furloughing (temporary layoff)
Offshoring
(contracting work out to different countries)
Emp. Leasing (sharing an employee on contractual basis with another company for certain work)
Outsourcing(contracting work out)
Productivity(giving employees less hours)
Diversity: Age Distribution
Pre-Boomers (to 1945)
Boomers
(1946-1964)
Gen X (1965-1979)
Gen Y (1980-1999)
Gen Z (2000+)
Cultural Shifts
Education
North America is a “knowledge economy”
Bachelor’s degree worth approx. $1 million over the course of a career
Changes in job creation
Nearly 50% of all jobs created in last 20 years have been part-time, temporary, or contract
Self-employment is also increasing
Changing attitudes toward work
Balance important to Gen Y
Four-day work weeks
Telecommuting
Important Competencies of HR Managers
Business knowledge
HR Competency (recruitment and selection, appraisal, training, etc.)
Change mastery
Personal credibility: ethics, internal relationships
Responsibilities of the HR Manager
Advice and decision support
Service: testing, training, technical expertise)
HR policy formulation, implementation, and tracking
Employee advocacy: balance organizational interests and interests of individual employees
Human Capital
Line manager
Knowledge workers
knowledge, skills, capabilities of individuals that have economic value to an organization
NON- hr manager whom is responsible for overseeing the work of other employees
Workers whose responsibility extends beyond the physical execution of work to include planning, decision making, and problem solving
- Responsibilities of the modern HR Department (Recruiting and Selection, Training, etc.) (Chapter 1)
- corporate social responsibility
- advice and counsel : in house consultant to supervisors, with their knowledge of internal employment issues and external trends their can be valuable in making decisions
- Service: host for service activities, hearing employee concerns, complaints( recruiting, selecting, training), help increase productivity
Policy formulation : draft policies to address recurring problems or to prevent anticipated policies
Employee advocacy: listening to employee concerns and representing their needs to managers
- Required skills of HR managers (Chapter 1)
Planning Recruiting Staffing Job design Training Compensation Benefits Appraisal Labour relations