HRM200 Notes

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Department
Human Resources Management
Course
HRM 200
Professor
All Professors
Semester
Fall

Description
SEPTEMBER 11CHAPTER ONEIntroduction to HRMHuman Resources Management HRMmanaging people in organizations to produce the workforce competencies and behaviors required to achieve the operations strategic goalsmanaging human capital knowledge education training skills expertiseDiversity is very important Measuring the Value of HRMEffective HR practices are related to better organizational performanceBalanced scorecard measurement system translates organizational strategy into a comprehensive set of performance measuresHuman Capital Index based onrecruiting excellenceclear rewards and accountabilitycollegial and flexible workplacescommunications integrityprudent use of resourcesHRM Responsibilities OperationalAdministrativeanalyzing jobs planning future workforce requirements selecting employees orienting and training employeesmanaging compensation and reward plans commonly outsourced ie payroll services recruitment training serving as administrative experts and employee champions inhouse consultants to line managersmanaging human capital lifecycleconsulting and offering adviceformulating policies and proceduresproviding services ie analyzing jobs planning future workforce requirements selecting employees orienting and training employees managing compensation and reward plansensuring fair treatment appraising performance ensuring employee health and safety managing labor relations an relationships with unions handling complaints and ensuring compliance with legislationHRM Responsibilities Strategicserving as strategic partners and change agentsstrategy companys plan for how it will balance its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive advantageIncreasingly the HR department is being viewed as an equal partner in strategic planning process HR specialists are expected to be change agents strategy formulation environmental scanningidentifying and analyzing external opportunities and threats that may be crucial to the organizations successstrategy execution leading change customer service lowering labor costs building employee engagement emotional and intellectual involvement of employees in their workengaged employees go beyond what is required share values of organizationInternal Environmental InfluencesOrganizational Cultureocore values beliefs and assumptions shared by members of an organizationooften conveyed through an organizations mission statementOrganizational Climateoprevailing atmosphere that exists in an organization and its impact on employeesoinfluences managements leadership style HR policies organizational communicationofriendly or unfriendly open or secretive rigid or flexible innovative or stagnant Management PracticesoEmpowerment has become more common with flatter structuresproviding workers with the skills and authority to make decisionsoboundary less organizations are also emergingrelationships are formed with customers suppliers and competitors to pool resources for mutual benefit or encourage cooperation in an uncertain environmentExternal Environmental Influences Economic Conditionsemployment levels
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