HR Strategy Flashcards
Define the term HRM
A management function that works with all departments in an organization to maximize employee performance
Define the term best fit HR
Policies/practices adapted to suit environment/organisation culture
How do different organisational sectors approach HR strategy?
UK Public Sector – Organisations providing public services generally funded by taxation and central government eg the NHS; UK Police forces; Libraries
Private Sector – Owned by private individuals driven by profit and benefits owners, shareholders, investors may be sole traders, private limited companies, trading on the London Stock exchange…
Third Sector – Neither public or private sector driven by “value” include charities, social enterprises, voluntary groups – not for profit
What do Hook and Jenkins say the function of HRM is?
To add value by:
- creating conditions for employees to thrive under
-managing headcount
- provision of fair treatment
-promoting social diversity-ensuring equality and diversity
Define best practice HR
A set of HR policies and practices that if adopted lead to superior performance
What does the Havard Model of HRM argue? (soft HR)
Employees are invested in & developed – other contemporary policies & practices
Employees are consulted in relation to important organisational decision making
Managers focus on employee participation and commitment
PEOPLE ARE VIEWED AS AN ASSET
What does the Michigan Model of HR argue? (Hard HR)
Employees are resources in the same way as any other business resource. People have to be managed in a similar manner to equipment and raw materials. They must be obtained as cheaply as possible, used sparingly, and developed and exploited as much as possible.
PEOPLE ARE A EXPENSIVE COST