HRM Flashcards
Three forms of strategic HR integrations
Vertical integration
Horizontal integration
Functional integration
definition - Strategic HRM
A pattern of planned HR activities intended to enable an organization to reach its desired outcomes and results
definition -Vertical integration
HR is outward looking and connected to corporate values and beliefs, its
corporate strategy, and contextual challenges.
definition -Horizontal integration
HR activities and contributions need to be mutually supportive and
unconnected and isolated interventions
defenition -Functional integration
HR needs to work in conjunction with other organizational functions rather that in isolation.
M in HRM:
What is traditional HRM aimed for:
Task completion;
Absenteeism;
Turnover
M in HRM:
what are the key outcomes now(5):
-Improve performance & productivity
-Achieve organizational goals
-Help employees prosper
-Stimulate positive behaviours
-Fulfil social responsibilities
R in HRM:
Employees as resources(3):
-Economic resources
-Intangible assets
-Varying asset values
R in HRM:
what economic resources are there?(1)
Knowledges, skills & abilities
R in HRM:
what Intangible assets are there?(1)
Creativity & social capitals
R in HRM:
what are the are Varying asset values ?(2)
-Star vs. non-star employees
-Ups and downs of employees
What are the essential HRM functions?(4)
-Job analysis & HR forecasting
-HR hiring
-HR assessment & training
-HR motivation
what are the new HRM challenges ?(5)
- Globalization
-Changing demographic trends
-Diversified employment forms
-Business sustainability & Social responsibility
-Technology
definition- Offshoring
relocation of business from home country to another location (e.g.
producing products in countries with low labour costs)
definition -Outsourcing
ownership of certain business operations has shifted from own
company to somewhere else
definition-Reshoring
relocation of business back to home country
Global participation and global employees (3)
-Parent/home country
-Host country
-Third country
definition-Host country
the country in which the parent country organization seeks to locate (or has
already located) a facility
o Host-country nationals
definition-Third country
a country other than the host country or parent country. A company may, but
is less likely, to have a facility there
o Third-country nationals
definition-Parent/home country
the country in which the company’s corporate headquarters is
located.
o Parent-country nationals
what are the 3 categories of globalization?
-Offshoring
-Outsourcing
-Reshoring
globalization:
How does it challenge HRM in 21st C?
- Obtain HR: home, host, third-party
o Racial and cultural diversity in labour forces - Performance management: global assignment, expatriation and repatriation
o Global assignment and compensation - Training and development
- Legislation compliance and labour relations
what are the 3 categories of globalization?
a. Racial diversity
b. Female labour (gender diversity)
c. Aging workforce (age diversity)
Changing demographic trends:
How does it challenge HRM in 21st C?
- Obtain HR:
o Succession plans; female leadership - Performance management:
o Technology challenges - Benefit and compensation:
o Pension, health and safety schemes; expat schemes - Legislation and labour relations:
o Age discrimination