The competitive nature of today's business environment calls for new ways of managing people to gain competitive advantage
An organisation's employees can be source of it core competency which can not be imitated by it competitors
This course aims to equip students with a comprehensive knowledge and understanding of managing people in today's competitive business environment and expose students to the functional and strategic activities of HRM
Human Resource Management
The process of acquiring, training, appraising, and compensating employees, and/or attending to their labor relations, health and safety, and fairness concerns
Human Resource Management
All management decisions and practices that directly affect or influence the people or human resource who work in an organization
Human Resource Management
A strategic and coherent approach to the management of an organization's most valued assets – the people working there who individually and collectively contribute to the achievement of its objectives
Human Resource Management
Designing management systems to ensure that human talent is used effectively and efficiently to accomplish organizational goals
Human Resource Management
A comprehensive and coherent approach to the employment and development of people
HRM can be regarded as a philosophy about how people should be managed, which is underpinned by a number of theories relating to the behaviour of people and organizations
Importance of Human Resource Management to Managers
Avoid personnel mistakes
Improve profits and performance
Ensure organizational survival
Help employees relate better with each other
HR for entrepreneurs
Aims of HRM
Human Capital Management
Organizational Effectiveness
Meeting Diverse Needs
Employee Relations
Knowledge Management
Reward Management
Characteristics of HRM
The strategic nature of HRM
People as 'Human Capital'
Unitary Philosophy
Focus on Business Values
HRM as a Management-driven Activity
Evolution of Human Resource Management
Craftsman Era (before 1750s)
Industrial Relation (1750s to 1890s)
Paternalistic era (1900s - 1910s)
Scientific/Personnel Management Era (1920s)
Scientific Management Principles
Develop a science for each element of a man's work
Scientifically select and then train, teach, and develop the workman
Cooperate with the men to ensure all work is done according to the developed science
Equal division of work and responsibility between management and workmen
Some major activities of the personnel department include recruitment and selection of skilled workforce, training and development of workforce
Scientific management
Principles developed by Frederick W. Taylor (1857-1911) to define one best way for a job to be done using scientific methods
Taylor's scientific management principles
1. Develop a science for each element of a man's work
2. Scientifically select, train, teach, and develop the workman
3. Cooperate with the men to ensure work is done according to the developed science
4. Equal division of work and responsibility between management and workmen
Major activities of the personnel department
Recruitment and selection of skilled workforce
Training and development of workforce
Salaries and performance appraisals
Motivation and employee benefits
Human Resource Management Approach (1930s-1990s)
Aligning individual goals and objectives with corporate goals and objectives
This era was characterised by the unionization of the workplace, employee relations, specialization of HR personnel functions, employee participation, employee recognition and the changing demographics of work force
Strategic Human Resource Management (2000s and beyond)
Transition from service and support staff to a consultative and leadership role, focusing on actions that differentiate the organization from its competitors and aim to make long term impact on the success of organization
Changing roles of Human Resource Management
Focus more on strategic, big picture issues
Use new ways to provide transactional services
Take an integrated, talent management approach to managing human resources
Use evidence-based human resource management
Manage employee engagement
Measure HR performance and results
Have new competencies
Talent management
The goal-oriented and integrated process of planning, recruiting, developing, managing, and compensating employees
HRM challenges in the twenty-first century
Globalization
Increased workplace diversity
Corporate Reorganizations
Technology
Change in policies
Increased Competition
Financial Constraints
Interferences From Higher Bodies (Government And Management)
Examples of human resource management specialties
Recruitment & selection
Equal employment opportunity (EEO) coordination
Job analyses
Compensation management
Training & development
Labor relations
HR professional positions
Human Resource Specialist
Human Resource Manager
Human Resource Executive
Human Resource Specialist
Entry-level positions for an HRM career, including jobs like compensation analyst/manager, benefits coordinator/manager, job analyst, training & development manager, employment executive/manager, labour/industrial relations executive, human resource information systems manager
Human Resource Manager
Generalist who administers and coordinates programs spanning several HR functional areas, expected to be knowledgeable about all areas of human resource management
Human Resource Executive
Top level position, usually a vice president, responsible for linking corporate policies and strategies to human resource management