human resources management, including human resources planning, job analysis, recruitment and selection, human resources development, performance management, compensation and benefits, safety and health, industrial relations and employment laws.
Introduction to Entrepreneurship All Rights Reserved
To provide students with a basic understanding of human resources management. To show students how human resources management helps firms to achieve strategic goals.
Introduction to Entrepreneurship All Rights Reserved
At the end of this chapter, students should be able
to: Describe the functions of important elements and processes of human resources management to achieve a firm’s strategic goal. Discuss and appreciate the importance of human resources management to business organizations.
Introduction to Entrepreneurship All Rights Reserved
Job Analysis Recruitment and Selection Training and Development Performance Management Compensation and Benefits Occupational Safety and Health Employment Laws
Introduction to Entrepreneurship All Rights Reserved
competent employees with strong personal characteristics such as being disciplined, hard- working, responsible, trustworthy and reliable. This chapter will briefly explain the various functions needed to manage employees and how a company can recruit, retain, train, motivate and reward the best employee for a given position.
Introduction to Entrepreneurship All Rights Reserved
When an entrepreneur launches a new business, his
budget is limited most of the time. Therefore, he will only recruit and employ enough employees as long as it is adequate for operations to run effectively. The entrepreneur may face difficulties in recruiting good candidates as they will have many job options to choose from. Sometimes, an entrepreneur may persuade friends and family members to help at the beginning of the business.
Introduction to Entrepreneurship All Rights Reserved
information about a particular job. The information includes the job activities, duties, responsibilities, scope, work environment, behaviours and characteristics of a person that can effectively perform the job.
Introduction to Entrepreneurship All Rights Reserved
descriptions, i.e. a list of what the job covers; and job specifications, i.e. what kind of people to hire for the job. This information is needed for an entrepreneur to advertise the job and draw the right candidates to apply and then choose the best candidate for the vacancy.
Introduction to Entrepreneurship All Rights Reserved
Companies recruit and select new staff for new start-
up, business expansion, or simply to replace resigned or retired staff. The challenge is how to attract the right candidates with the right skills and behaviours that fit the job requirements. This involves suitable qualifications, appropriate wage amount, where and when to advertise, and how to advertise.
Introduction to Entrepreneurship All Rights Reserved
The next process is selection which involves the
process of choosing the best candidate for the job. The information provided by the candidates in their application forms must be scrutinized and only suitable candidates are shortlisted for interviews. The interviewer must be experienced enough to interview and determine the suitability of the candidate for the job as outlined in the job specification.
Introduction to Entrepreneurship All Rights Reserved
An entrepreneur will have to identify the type of
training needed for his employees to improve their job performance or perhaps to prepare them with a new skill set for new business opportunities. New employees may need to attend orientation or induction programmes to prepare them for their job in the company.
Introduction to Entrepreneurship All Rights Reserved
a continuous process of communicating, coaching, motivating, training, feedback, evaluating and reviewing employees’ performance by supervisors, in order to help firms achieve their goals.
Introduction to Entrepreneurship All Rights Reserved
firms to achieve strategic goals. Such methods of attracting the best candidate to work for the firm include motivating employees to achieve productivity, improving employees satisfaction, helping retain and maintain existing high performers, and ensuring employees loyalty.
Introduction to Entrepreneurship All Rights Reserved
health issues (OSH) has been a major concern of the government through the enactment of the Occupational, Safety and Health Act 1994 (OSHA). The aim is to promote safety and health awareness, and establish effective safety organization and performance through self- regulation schemes designed to suit the particular industry or organization.
Introduction to Entrepreneurship All Rights Reserved
with the provision of OSHA. Furthermore, implementing OSH helps to avoid accidents at workplace, avoid costly medical related expenses, minimize employees and their families’ physiology and psychological distress, and helps to avoid severe legal implications.
Introduction to Entrepreneurship All Rights Reserved
As business owners, entrepreneurs need to manage
the relationship between employees and the organization. There are specific Employment Laws stipulations outlined regarding permissible work hours, rest days, holidays, annual leave, sick leave, maternity leave and allowances, employment of foreign workers, termination of employee’s services, types of disciplinary action and recommended approaches to disciplinary action.
Introduction to Entrepreneurship All Rights Reserved
requirement to avoid being charged, found guilty and subsequently required to pay compensation to the employee or fined by the Human Resources Department.
Introduction to Entrepreneurship All Rights Reserved