ROHRM - The strategic role of HRM

Question 1

What is HRM

Answer 1

management of the total relationship between employer and employee in order to achieve the strategic goals of the business

Question 2

what does HRM involve

Answer 2

	Recruitment 
	Development 
	Performance management 
	Training 
	Dismissal 
	Dealing with workplace disputes 
	Equal opportunities 
	Workplace discrimination 
	Retirement

Question 3

Role of HRM

Answer 3

Finding, keeping a highly trained and motivated workforce and dealing with their work related issues whilst still promoting and achieving businesses goals.

How might these two roles be in conflict?

Question 4

traditional view

Answer 4

o It is meeting the needs of the employees or achieving the goals of the businesses, one or the other not both

Question 5

progressive

Answer 5

o Meeting the needs of employees will meet the result of achieving the goals of the business

Question 6

importance of HRM

Answer 6

business success is linked to the people in the business

1. Staffing or human resources are a significant cost on the business
2. The growth of the tertiary (and quaternary and quinary industries) that rely on trained and motivated staff
3. The continual quest for gains in productivity and efficiency
4. The changing perception of work (more than just a job)

Although staffing accounts for around 60% of businesses costs, effective HR managers will adopt the strategic view that staff are assets that add value to the business rather than as costs that need to be reduced

Question 7

Businesses with effective practices manage

Answer 7

change more effectively, and this enhances their ability to gain a more sustainable competitive advantage

Question 8

Strategic challenges of HRM

Answer 8

 The challenges of developing and retaining trained staff within a business (loyalty is a rare commodity)

 Improving leadership development (brain drain and/or growing overseas for CEOs)

 Managing the ageing workforce (keep them for longer)

 Succession planning (big businesses founders/leaders are retiring! Who takes over?)