What is Human Resource Management? • HRM includes all management decisions and practices that directly impact or influence the people who work for an organization. • HRM recognizes that employees enable an organization to reach its goals, and the management of employees (human resources) is critical to organizational outcomes (survival, competitiveness, growth and profitability).
HRM Model
Internal and External Environments The organization Human Resource Functions Jobs Employees
Organizational outcomes
Why Study HRM? What are HRM’s functions and contributions to an organization? Planning for organizations, jobs and people: • Strategic HRM • HR planning • Job analysis Acquiring Human Resources: • Equal Employment Opportunity • Recruiting • Selection Building and Enhancing Performance: • Human Resource Development • HR approaches to improving competitiveness Employee Rewards: • Performance appraisal • Compensation and benefits Maintaining Human Resources: • Safety and health • Labor relations • Organizational exit Managing Multinational HRM: • International compensation • Intercultural issues in training • Preferences for job characteristics and rewards in different countries • Training, appraising performance and maintaining expatriates
Job Availability There is a growing demand for qualified HR Generalists and Specialists. The HR department’s responsibilities and contributions to an organization have increased sharply in recent years, evidenced by the emergence of HR executives at the top level of management, along side CEO’s, CFO’s and CIO’s. The Department of labor (DOL) also specifies that jobs in HR are expected to grow at a rate faster than average. In fact, the DOL