Introduction and Strategic HRM Flashcards
HR value Chain
1 et 2. Human resource-Strategy & Planning
3 et 4. Talent Aquisition : Recruitement (3) and Selection (4)
5 et 6. Engagement& Retention Management : Performance Mangement (5), Compensation, talent management (6)
7. Hr competency
HRM general definition
is the use of individuals to achieve organizational goals. (Martocchio)
Historical moments
Started in 1893
voir page 14
Why is HR relevant ?
Cost :
-optimal management of an important cost factor –> efficiency
Human capital:
-Contributing to the success of the company
Ensue competitiveness in a dynamic environment
Developing and maintaining human capital
–> effectiveness
Perspective HRM: The human being as
- Production factor : From a business perspective, people are seen as production factors and HRM has the task of providing people as production fact
- Performer: People’s performance is at the centre of company efforts and HR has the task of effecting performance and performance promotion.
- Human capital: Human capital refers to sets of collective skills, talent, knowledge, and ability that employees can apply to create value for their employers. HRM has the task of managing this human capital in a value-enhancing way.
The human being from a business perspective:
Production factors:
-Natural ressources
-Real capital (e.g machines)
-work, knowledge –> Human capital
The AMO formula of work performance
P = A x M x 0
Performance: Output, outcome, achievements
Ability: Extent of capability to perform the task based on knowledge, skills, and competencies
Motivation: Extent of drive to perform the task, determined by both external factors (e.g., real/perceived outcomes) and internal factors (e.g., needs, values)
Opportunity: extent of real and perceived restrictions on performance based on factors such as role, resources (time, equipment, funding), policies, and culture
Tasks of the HRM: Personnel management (P = A x M x0)
generally deals with ..
- the maintenance and development of competencies,
- the motivation of the personnel as well as
- work organisation (e.g. job design: job rotation, job enlargement, job enrichment)
=so that the work required can be performed in order to achieve the company’s goals.
HRM’s goal is to manage Human capital in a value-enhancing way for the company by…
-Supporting the organisation to achieve its goals by developing and implementing HR strategies that are integrated with the business strategy.
− Contributing to the development of a high-performance culture.
− Ensuring that the organisation has the talented, trained and motivated people it needs.
− Establishing a positive working relationship between management and staff and create a climate of mutual trust.
− Promoting ethical implementation of human resource management.
An HR strategy describes..
how an organisation wants to achieve its business objectives with its human capital.
the objective of all the HRM practices and
the HR function is…
is to create the “ideal” organisation for a given business. “Ideal” means having:
* just the “right” people with the right attitude
* just the “right” knowledge, skills and capabilities
* just the “right” structure and processes
* just the “right” values and culture
* just the “right” control mechanism
= deployed in just the right way, to meet or exceed both customer’s expectations and competitor’s best efforts. “Right” in this context means build to fit the business strategy.
Humans have beliefs, motives and values and cannot be «bought» : iceberg model
Above the lines:
-Skilles
-Knowledge
Below the lines:
-Values
-Self-Image
-Traits
-Motives
Additional complementary HR functions
HR Controlling: Supports planning and control of the Human Resources with regard to all HR related activities by means of relevant, adequate and differentiated metrics
HR Information Systems: Establishment of an Information Technology platform as personnel data system and to optimize HR related core processes
HR Digitalisation: Management of Business Issues driven by its digitalisation such as profile and function changes, work form changes, etc.
HR Communication: Release of information to existing or potential employees
Employer Branding: Increasing the attractiveness of the employer on the internal and external labour market in
order to improve the chances of attracting and retaining qualified and motivated personnel
Diversity: Refers to the diversity of employees and their all-encompassing inclusion. Often reduced to the „gender question“. Actual topics: equal status, competitive advantage
Labor law: Dealing with legal issues in the context of HRM (e.g. mass dismissals)
HR resource management functions (Martocchio)
-staffing
-Performance management
-employee and labor relations
-Safety and Health
-Human resource development
-compensation
Staffing / talent acquisition
Process of ensuring the organization always has:
* Required number of employees.
* Employees with appropriate skills.
* Employees in the right jobs at the right time.
* Constant job analysis, human resource planning, recruitment, and selection.
-Job analysis: Systematic process of determining skills, duties, and knowledge required for performing jobs in an organizationimpacts virtually every aspect of HRM.
-Human resource planning: Matching internal and external supply of people with anticipated job openings over a specified period of timesets the stage for recruitment and other HR actions.
-Recruitment: Attracting individuals
to apply for jobs:
Must be timely
Applicants need appropriate qualifications Need sufficient number of applicants
-Selection: Choosing individual best suited for a particular position and the organization.
Performance management
-Goal-oriented process to ensure organizational
processes are in place to maximize productivity –> applies to employees, teams, and ultimately, the organization.
-Performance appraisal: Formal system of review and
evaluation
–> for individuals
–> for teams
