Chapter 1-introduction
- 1. Fundamentals of Human Resource Management, 10/e, DeCenzo/Robbins Chapter 1 The Dynamic Environment of Human Resource Management (HRM)
- 2. Objectives: At the end of the session, the students are able to: 1.Define Human Resource Management. 2.Explain the relevance of Human Resource Management. 3.Articulate the importance of Human capital to organizations.
- 3. Introduction Strong employees = competitive advantage. HRM is a subset of management. It has five main goals: Goals of HRM hire employees attract employees retain employees motivate employees train employees
- 4. HRM helps employees understand other countries’ political and economic conditions. Understanding Cultural Environments Countries have different values morals customs political, economic, and legal systems HRM operates in a global business environment.
- 5. The Changing World of Technology HRM information systems help to facilitate HR plans make decisions faster clearly define jobs evaluate performance provide desirable, cost-effective benefits
- 6. The Changing World of Technology HR managers use technology to: recruit, hire, and train employees motivate and monitor workers research fair compensation packages communicate throughout the organization evaluate decentralized employees’ performance
- 7. Workforce Diversity Today’s workers want a healthy work/life balance. They can work any time, from almost anywhere work more than 40 hours per week are part of a dual-income household #1 reason for leaving a company: lack of work schedule flexibility
- 8. The Labor Supply HR managers monitor the labor supply. Trend is to rightsize: fit company goals to workforce numbers. For agility, companies build a contingent workforce of part-time workers temporary workers contract workers
- 9. Continuous Improvement Programs HR managers help workers adapt to continuous improvement changes through retraining, providing answers, and monitoring expectations. continuous improvement components empowerment of employees accurate measurement concern for total quality focus on customer concern for continuous improvement
- 10. Employee Involvement It’s all about employee empowerment through involvement, which increases worker productivity and loyalty. Employee Involvement Concepts delegation • participative management work teams • goal setting • employer training
- 11. Other HRM Challenges Challenges for HRM: The recession has brought layoffs and low morale. Increased offshoring means jobs can move overseas, even HR. Today’s spate of mergers and acquisitions increase HR’s role.
- 12. A Look at Ethics Code of ethics: a formal statement of an organization’s primary values and the ethical rules it expects members to follow. HR managers must take part in enforcing ethics rules. Requires proper financial recordkeeping for public companies
- 13. HRM Functions A) Staffing function(hiring qualified employees): i) Strategic HR planning ii) Recruiting iii) Selection B) Training and development i) Orientation ii)Employee training iii) Employee development iv)Career development
- 14. HRM Functions C) Motivation: i) Performance appraisal ii) Reward and compensation iii) Employee benefit D) Maintenance i) Safety and health ii) Communication iii) Employee relations