HUMAN RESOURCE MANAGEMENT Chapter one Introduction DEFINITION Human

HUMAN RESOURCE MANAGEMENT Chapter one Introduction

DEFINITION • Human resource management (HRM) is the process of acquiring, training, appraising and compensating employees, and of attending to their employee relations, health and safety, and fairness concerns.

WHAT DO HR PROFESSIONALS DO? • • • Analyze the job Recruit and select Train and develop Appraise performance Pay salary on time Facilitate change

WHY HR. DEPARTMENT IS SO IMPORTANT • • Human capital value Budget control Conflict resolution Employee satisfaction Cost saving Performance improving Corporate image

HR MANAGER’S DUTIES • A line function: - Directing the people in his or her own department • A coordinative function: - Insures the line managers are implementing the firm’s HR policies and practices • A Staff function: - Advice and assist the CEO to better understand the personnel aspects of the company’s strategic options.

COMPONENTS OF HRM Human Resource Planning Recruitment/ Decruitment Selection Career Development HRM Orientation Compensation & Benefits Performance Management Training/ Development

HUMAN RESOURCE MANAGEMENT SPECIALITIES • • • Employment recruitment specialists Employee welfare officers Compensation managers Training specialists Human resource information system specialists Employment / industrial relation especialists

FIGURE 1– 5 1– 8 Employment Exodus: Percent of employers who said they planned as of 2008 to offshore a number of these jobs Copyright © 2011 Pearson Education

TABLE 1– 1 1– 9 Demographic Groups as a Percent of the Workforce, 1986– 2016 Copyright © 2011 Pearson Education

FIGURE 1– 8 1– 10 Effects CFOs Believe Human Capital Has on Business Outcomes Copyright © 2011 Pearson Education

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