Week 1 Flashcards
What is HRM?
A set of policies, systems, and practices that influence employees’ behavior, attitudes, and performance
Employee lifecycle
- Recruitment & Selection - hiring right people at right time
- Learning & Development - deriving full potential and developing
- Performance management - rewarding/managing performance
- Reward management
- Employment relationship
What is a high performance work system (HPWS)
A group of separate but interconnected HR practices designed to enhance employee skill and effort
What is evidence-based management?
Basing deciisons on a combination of Best available evidence, critical thinking, scientific evidence, and business information
What is a model used to use EBHM?
LESS MODEL
1. Local context - facts and numbers in the local organisation context to identify issues.
2. Experience - professional experience and expertise
3. Stakeholders -
4. Scientific evidence
What is job analysis?
process of gathering info about various tasks and responsibilities involved in a job
What is personnel management?
View employees as costs and had specializations like recruitment, training, etc.
How did personnel managmenet -> to HRM
started with personnel management, which led to HRM. Went from seeing employees as costs to resources. HRM sees employees as a resource crucial for competitive advantage
What is Devolution?
The process of transferring responsibilities from HR to line managers.
What is a goal of an organisation?
What the organisation hopes to achieve in the medium to long term
what is the vision?
What the organisation expects to become at a particular time
What is a mission
what the organisation expects to do to become the envisioned organisaiton
What is strategy?
a plan of action designed to achieve a set of objectives
What are 2 types of strategy?
- Cost leadership - goal is to reduce costs, have narrow job roles to maximize efficiency, hire and train specific skill sets, and uses a performance-based compensation. Specific job roles means its easily trained and less skills needed
- Differentiation - wants to create the perceptions of difference, has broad job roles to maximize cross feritilization, hires people that cooperate and creative, and will pay for market value of employee
What is a good SHRM?
A good strategic HRM has good alignment with organisational goals.