HRM LESSON 1 Flashcards
It refers to talents and energies of people that are available to an
organization as potential contributors to the creation and realization
of the orgs mission, vision values and goals.
Human Resources (HR)
Is the integrated use of training, organizational and career
development efforts to improve individual, group and organizational
effectivities.
Human Resources Development (HRD)
The art of managing people and all aspects of human work force at a
company thru creative and innovative approaches.
Human Resources Management (HRM)
They are both the people and organization(department) responsible
for managing the resources related to employees. Others terms are: talent, people, manpower
Human Resources (HR)
It is the equipping of its staff with skills necessary in promoting a long
term professional in-service learning capacity at the individual group
and organization.
Human Resources Development (HRD)
Its is a branch of management that is focused on making the best
possible use of the enterprises human resources by way of granting
better working conditions to their personnel
Human Resources Management (HRM)
The set of individuals who make up the workforce of an organization
Human Resources (HR)
It is the process of adding value or worth not only to the individual,
but taking the teams and organization as a human system growing
together.
Human Resources Development (HRD)
It is the process of making efficient and effective use of human
resources so that the circle of set goals are accomplished.
Human Resources Management (HRM)
defined as the process of managing people in organizations in
a structured and detailed routine.
HRM
In short, HRM is the art of
*Procuring
* Developing and
* Maintaining competent workforce
A constant or continuous
development functions that intents
to improve the performance of the
people working within the firm
HRD
The application of principles of
management precisely to manage
the people working in the
organization
HRM
HRM has a proactive function. TRUE OR FALSE?
FALSE (REACTIVE)
HRD has a Ongoing process. TRUE OR FALSE?
TRUE
Core elements of HRM
- Organization
- People
- Management
Importance of HRM
- Recruitment and selection
- Training
- Performance appraisal
- Trade unions
- Development
Scope of HRM
*Personnel management aspect
* Employee welfare aspects
* Industrial relations aspect
HRM stakeholders
*Organization/owners
*Employees
*Society
HRM Concept
- Commodity concept
- The factor and production concept
- The goodwill concept
- The paternalistic concept/paternalism
- The humanitarian concept
- The human resources concept
- The emerging concept
The value of HRM for employees and the
organization
People and performance
*Talent acquisition
*Protection from lawsuits
*Participation in strategic planning
Type of HR Managers
*Labor Relations
*Payroll Managers
*Recruiting Managers
The HRM Process
Talent Management
* Succession and career planning
* Labor relations
* HR Planning
* Recruitment and selection
* Personnel administration
* Training and development
* Performance and reward management
Historical Models of HRM
The Michigan School Model
* The Harvard School Model (Harvard Framework)
* Human Resources Management System (5P Model)
* Hard and Soft HRM (Instrumental and Humanistic
approach)
