Chapter 1 Managing Human Resources

MGMT Chapter 1 HRM Practices/Functions

MGMT Chapter 1 Human Capital An organization’s employees, described in terms of their training, experience, judgment, intelligence, relationships, and insight Creates a sustainable competitive advantage because they are –Valuable –Rare –Cannot be imitated –No good substitutes

MGMT Chapter 1 HR and Company Performance

MGMT Chapter 1 HRM Practices/Functions Analyzing and Designing Jobs –Job analysis – what does the job entail and require? –Job design – how should work be organized and divided? Recruiting and hiring employees –Recruitment – how can we find the best applicants? –Selection – how do we assess the abilities and motivation of applicants?

MGMT Chapter 1 HRM Practices/Functions Training and Developing Employees –Training – ensuring employees are able to perform their current jobs most effectively –Development –preparing employees for career advancement and to take on new challenges Managing Performance –Promoting excellence in our employee’s job performance

MGMT Chapter 1 HRM Practices/Functions Planning and Administering Pay and Benefits –Pay – ensuring our compensation is fair both internally and externally –Benefits – maximizing employee satisfaction while keeping costs manageable Maintaining Positive Employee Relations –Supporting employees to help them be as productive and satisfied as possible

MGMT Chapter 1 HRM Practices/Functions Establishing and Administering Personnel Policies –Handling different employee situations (theft, drug-use, dress code) Ensuring Compliance with Labor Laws –Ensuring that our HR practices are aligned with federal, state, and local laws and guidelines

MGMT Chapter 1 HRM Practices/Functions Supporting the Organization’s Strategy –Adding value by directly contributing to the strategic objectives of the organization Human Resource Planning –Identifying the numbers and types of employees the organization will require in order to meet its objectives

MGMT Chapter 1 Skills of HRM Professionals

MGMT Chapter 1 HR Responsibilities of Supervisors

MGMT Chapter 1 Ethics in HRM The fundamental principles of right and wrong Employee Rights – Free consent – Privacy – Freedom on conscience – Freedom of speech – Due process

MGMT Chapter 1 Ethics Poll

MGMT Chapter 1 Identifying Ethical Practices

MGMT Chapter 1 HRM as a Career HRM Professionals –HR Generalist – A person with responsibility for performing a variety of HR activities –HR Specialist – A person with in-depth knowledge and expertise in a limited area of HR Professional Organization –Society for Human Resource Management (SHRM) – –Has student memberships available