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HRM
HRM
Management
Lecture-45
Today’s Topics
Human Resource
Management
Managerial function that tries to
match an organization’s
needs to the skills and
abilities of its employees.
Managing Human
Resources
Organization’s ability
To attract
To Develop
To Motivate and
To Keep/Retain
talented people
Why is HRM
Important?
Every manager manages human
resources
Product Differentiation/Innovation
– Core mindset: innovation & flexibility
Focus: Best customer service or
quality
– Core mindset: reward teamwork and quality
successes that surpass customer needs
Speed to Market
– Core mindset: Work faster than
competitors
The Strategic
Importance of
Managing Human
Resources
Competitive Advantage
–When all or part of the
market prefers the
firm’s products and/or
services.
Ways firms can use HRM to
Internal forces
Enabler and
Consultant Role
Enabling line managers to
make things happen
Includes
– Training
– Assisting with problem
diagnosis
– Developing solutions with
managers
– Being accessible and attuned to
employee needs and concerns
Monitoring and
Maintaining Role
Monitoring compliance with
legal regulations and
effectiveness of HR activities
Includes
– Monitoring morale
– Providing support during change
Characteristics
of Employees’
Competencies
The
Implementation
Process OUTCOMES
• Organizational
• Employee
Underlying Principles of
High-Performance
Work Systems
Shared Knowledge
Information Development
Performance- Social
Reward
Linkage equality
Complementary
Human Resources
Policies and Practices
Training and
Development
Staffing Compensation
Ensuring Fit
Internal fit
– The situation in which all the internal
elements of the work system complement
and reinforce one another.
External fit
– The situation in which the work system
supports the organization’s goals and
strategies.
Benefits of HPWS
Employee Benefits
– Have more involvement in the organization.
– Experience growth and satisfaction, and
become more valuable as contributors.
Organizational Benefits
– High productivity
– Quality
– Flexibility
– Customer satisfaction.
Expectations for
HR Professionals
Understand problems
assigned
Stay competent and
professional through
study and research
Maintain high standards
Managing Diversity
Managing Globalization
Managing Change
Organizational
Ethics Problems
Related to HRM
Using favoritism rather than
Efficiency Effectiveness
Competitiveness
How to achieve it?
Managing and
retaining learning
Human Resources..
Who deliver….
Think Globally
Act Locally
“Knowledge and
experience are
available but often
ignored”
The End
Thanks for your
attention
Human Resource
Management
Lecture-45