HRM - Chapter 1 Introduction

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Flashcards on HRM - Chapter 1 Introduction, created by Josefine Marie on 20/01/2020.
Josefine Marie
Flashcards by Josefine Marie, updated more than 1 year ago
Josefine Marie
Created by Josefine Marie over 4 years ago
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Corporate Culture system of shared values, beliefs and habits within an organization that interacts with the formal structure to produce behavioural norms.
Employer branding - firm's corporate image or culture - to attract and retain the type of employees the firm is seeking - brand that will tempt people to join and remain in firm - need to alter the brand after time - most people want to work in organization that embraces the ideas and principles they share
Human <resource Management Functions - Staffing - Human Resource Development - Compensation - Safety and Health - Employee and labor relations
Human Resource Management - Utilization of individuals to achieve organizational objectives - Concern of all managers at every level (the involvement of line managers in the HRM practice) - Face a multitude of challenges
Staffing (HRM Function) Organization has: required number of employees, emp. with appropriate skills, emp. in right job at right time, constant job analysis, human resource planning, recruitment and selection
Human Resource Development (HRM Function) includes Training, development, career planning, career development, organization development, performance management, performance appraisal
Compensation (HRM Function) Rewards that individuals receive as result of their employment Financial compensation: direct (wage, salary, bonus) and indirect (benefit, paid vacation, sick leave) Nonfinancial compensation: satisfaction from job or environment
Safety and Health (HRM function) - working in safe environment and being in good health makes more productive - higher productivity and lower long-term healthcare costs benefit organization
Employee and Labor Relations (HRM function) - businesses are required by law to recognize a union and bargain with it if employees want union to represent them - firms would most likely have union-free environment
External Environment Factors Unions, Society, Technology, Unanticipated Events, Shareholders, Labor Market, Competition, Customers, Economy, Political Parties, Legal Considerations
Internal environment factor - corporate culture - gives peope a sense of how to behave and what they ought to be doing
Who performs Human Resource Management Tasks Human Resource Managers, HR outsourcing, Shared Service Centers, Professional Employer organizations and line managers
HRM activities in small businesses - same HR functions have to be accomplished, way may has to be altered - dont have HR unit/specialist, line manager often handles HR fucntions
Human Resource Classifications Executive: top-level manager Generalist: performs tasks in many or all of the 5 HRM functions Specialist: typically concerned with one of 5 areas
Evolving HR organization - HR outsourcing - HR shared service cneters - professional employer organisation - line manager - HR becoming more strategic
Professionalization of Human Resource Management - Procedure of certifying members of profession - there is representative organizations
Country culture set of values, symbols, beliefs, languages and norms that guide human behavior within the country can be influencing global business
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