Human Resource Management Ch.01- A Strategic Function

What are the goals of HRM?

1. Facilitating organizational competitiveness. 2. Enhancing productivity and quality. 3. Complying with legal and social obligations. 4. Promoting individual growth and development.

What are some methods to fulfill the purpose of HRM?

1. Staffing (HR planning, recruiting, selection) 2. Managing performance (training&development, performance evaluation, career development) 3. Rewarding (wage/salary, incentives, benefits)

Corporate level strategy

Deals with determining what businesses the corporation will operate.

Business level strategy

Deals with how the firm will compete in each market where it conducts business.

Stability strategy

To retain existing employees.

What are the Three levels of strategies?

1. Corporate level strategy 2. Business level strategy 3. Functional level strategy

What are human resource functions?

1. Determine the organization's human resource needs. 2. Recruiting, selecting, developing, counseling, and rewarding employees. 3. Acting as liaison with unions and government organizations. 4. Handling matters of employee well-being (welfare).

What are some things HR Managers need to do?

1. Overcome negative impressions and biases associated with the field. 2. Become well-rounded business people. 3. Be knowledgeable about present and future trends and issues. 4. Understand business complexities and strategies. 5. Promote effective human resource utilization within the organization.

What are the three types of assistance provided by HR Department?

1. Specific Services: Maintaining employee records/ Handling initial phases of employee orientation. 2. Advice: Disciplinary matters/ Equal employment opportunity matters 3. Coordination: Performance appraisals/ Compensation matters

HRM

Activities designed to provide for and coordinate the human resources of an organization. (Personal Administration or Personnel Management)

Functional level strategy

Deals with how the firm will manage each of its major functions (such as marketing, finance, and human resources).

Retrenchment strategy

Help ensure that decisions about who will be let go are made for job-related reasons. Help optimize the transition process for displaced workers (outplacement counseling).

What are the processes of implementation for strategic planning?

Mission Determination- Environmental Assessment- Goals( Objectives) Setting- Strategy Setting- Strategy Implementation

Who Performs the Human Resource Functions?

Operating Managers, Human resource generalist, human resource specialist.

Growth strategy

Recruiting and training the large numbers of qualified employees to help operate growing operations.

What is the purpose of HRM?

The purpose of HRM is maximizing employee performance for reaching the company's strategic goals.