W1: Introduction to HR Flashcards
What is HRM?
Effectively managing people within the employer-employee relationship to best achieve business objectives and goals, and create a competitive advantage through labour
Evolution of HRM
Stage 1 (1900-1940s): welfare and administration, HR didn’t exist
Stage 2 (1940s-mid 1970s): basic training and staffing existed, administrative duties were carried through, but still little development of HR
Stage 3 (mid-1970s-late 1990s): development of HRM and SHRM
Stage 4 (2000+): more focus on SHRM
Conceptual frame work of HRM
Hard-soft HRM
Unitarist-Pluralist approach to HRM
Hard HRM
Managing by numbers
The rational, quantitative and strategic aspects of managing HR
Focus on KPIs, efficiencies on costs and benefits
Soft HRM
The humanistic approach
Focuses on the individual, the human aspect of the organisation
Emphasise the competitive advantage achieved by quality management of human capital
E.g. Harvard model
Unitarist approach to HRM
Common interests between employers and employees
Commitment by both inclusive and exclusive means
Assuming conflict is minimal
Pluralist approach to HRM
Inevitable conflicts of interests
Negotiation and resolution to meet organisational goals
e.g. Harvard model
Employment contract
Legal contract: a legal document detailing rights and responsibilities of employees and employers; includes the job description, is enforceable
Social contract: mutual understanding of expectations and obligations of the employer-employee relationship
Psychological contract: expectations and beliefs of employees and managers on working conditions, and workplace relationships