M1S2 Flashcards
Human Resource Management was know as?
Personnel Department
was primary responsible for hiring personnel and handling related paper works.
Human Resource Management/Personnel Department
Nowadays, HRM has Evolved into a more “_______________ (1)”, necessitating HR managers to align their Strategies with the company’s overarching goals.
Comprehensive Function
Comprises systematic and detailed plans of action designed to synchronize a company’s objective with the goals of individual Departments.
HR Strategy
HR Strategic Plan (4)
- Strategic Analysis
- Identifying Strategic HR issues
- Prioritize issues and actions
- Draw up HR strategic plan, which results in individual strategies for the HR plan.
Part of HR strategic plan:
must be conducted, entailing a firm grasp of the organization’s values and missions to align departmental strategies accordingly.
Strategic Analysis
Part of HR strategic plan:
the second step entails identifying HR-related issues that could impact the business.
Identify HR strategic issues.
Part of HR strategic plan:
Involves prioritizing these issues and taking necessary action.
Prioritize issues and action.
Part of HR strategic plan:
the HRM professional formulates the HRM plan
Draw up HR strategic plan, which results in individual strategies for the HR plan.
HR plan composed of six steps:
- Determine needs
- Recruit
- select
- develop training
- compensation
- appraise performance
part of HR plan:
this stage is intricately linked with the strategic plan as it examines organization’s expected growth or decline, its impact on the workforce, economic conditions, and forecasted sales for the upcoming year.
Determine needs/Determine HR needs
Part of HR plan:
after establishing a plan, it becomes imperative to document a strategy outlining how the recruitment of suitable candidates will be conducted at the right opportunity.
Recruit/Determine recruiting strategy.
Part of HR plan:
entails conducting interviews and making hiring decisions.
Select/Select Employee
Part of HR plan:
HR managers should identify emerging training needs. this may include mastering new software or addressing conflict resolution issues. the HRM plan should detail plans for providing this training.
Develop Training
Part of HR plan:
managers are tasked with setting pay scales and other forms of compensation, such as healthcare benefits, bonuses, and additional perks.
Compensation/determine compensation