Class 2 - Human Resource Management Flashcards
Human Resource Management:
an integrated system of Processes, Programs, and Systems in an organization that focuses on the effective deployment and development of employees in the support of the organization’s strategy and objectives
Having the right people and systems to achieve organizational goals
Core HR Functions (9)
- Work analysis and design
- Recruitment
- Selection
- Training
- Development
- Performance Management
- Compensation
- Discipline
- Separation
Approaches to HR Work
Strategic (I.e. succession)
-> Fill position with long-term cost/benefits in mind
Tactical (I.e. create new position for existing competency gap)
-> Fill position with short-term cost/benefit in mind
Transactional (I.e. process payroll)
-> Hire & train; comply with the law
Service-Profit Chain Concept
By focusing on internal service quality & keeping employees satisfied and productive, the company will create more external value for customers and shareholders
Strategic HRM
HR experts/dept can contribute to strategy formulation & execution for organization; recognize human capital is a competitive advantage
Managing Talent to Support Strategy: role of HR Professional (MODAT)
Manage culture and change
Organization design & structure
Develop systems, policies, processes
Align HR strategies with business strategies
Talent, workforce, succession planning & management
Managing Talent to Support Strategy: Role of Line Manager (DCMMSS)
Determine work & job design Coach, train, develop employees Make hiring/firing decisions Manage, correct, review performance Some compensation decisions Some planning for unit
Managing Talent to support Strategy: Other Consideration (AACDDHI)
- Revisit assumptions – about individuals, be wary of stereotyping and bias
- Acknowledge potentially conflicting interests
- Consider benefits – employees with family responsibilities and other differences (I.e. loyalty and reciprocity)
- Discrimination – believed to be most common at hiring stage
- Decision-making
- Hiring
- Interviewing