HRM Practices Human resource management (HRM) is defined as the practices, policies, and systems that influence employees’ behaviour, attitudes, and performance.

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Presentation transcript:

HRM Practices Human resource management (HRM) is defined as the practices, policies, and systems that influence employees’ behaviour, attitudes, and performance LO1

Why are people so valuable? HRM has traditionally been viewed as an expense—rather than a source of value Human capital An organization’s employees, described in terms of their training, experience, judgment, intelligence, relationships, and insight Human resources are valuable, rare, cannot be imitated, and have no good substitutes Foundation of high-performance work system LO1

Impact of HRM LO1

What are the responsibilities of HR departments? Administrative services & transactions • Handling administrative tasks Efficiency and commitment to quality Requires expertise in tasks Business partner services • Developing effective HR systems • Must understand the business Strategic partner • Contributing to company’s strategy Must understand the business, its industry, and its competitors . LO1

Responsibilities of HR Departments Analyzing & designing jobs Ensuring compliance Recruiting & hiring HR Departments Training & developing HR policies Managing performance Employee & Labour Relations Compensation & rewards LO1

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