Introduction to Human Resource Management. Class 1

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1 Introduction to Human Resource Management Class 1

2 Class Overview This class will provide an introduction to the topic of Human Resource Management. Students will familiarize themselves with the history of HRM. This class provides students with foundational information regarding the topic of HRM.

3 What is Human Resource Management? Various definitions of Human Resource Management (HRM) exists, though commonality is shared in each definition. The Business Dictionary defines HRM as, The process of hiring and developing employees so that they become more valuable to the organization. Human Resource Management includes conducting job analyses, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes and communicating with all employees at all levels.

4 Why Human Resource Management? In a growing number of organizations human resources are now viewed as a source of competitive advantage. There is greater recognition that distinctive competencies are obtained through highly developed employee skills, distinctive organizational cultures, management processes, and systems. (Kavanagh and Thite 105)

5 Successful HR Practitioners Have Knowledge of Business strategy Communication Competitive advantage Compensation and benefits Conflict resolution Individual and organizational development Legal expertise Recruitment, selection, and retention Training and development AND MUCH MORE!

6 According to a Society of Human Resource Management Study The HR responsibilities most likely to be staffed in-house were performance management, employee communication plans/strategies, policy development and/or implementation, and strategic business planning. The HR responsibilities that were most likely to be outsourced were employee assistance/counseling and flexible spending account administration.

7 Human Resource Management HRM can also provide assistance in terms of the following: Maintaining a positive work environment Compensation and benefits Recruitment and training Employee development Team building Performance Appraisals Handling disputes Communication Employee motivation

8 Video- Role of HR Explained Please watch the video above regarding the role of HR explained.

9 Reasons Why the HR Department is Important HR Departments are essential to an organization s success. In fact, Mayhew and Media provide details of why the HR Department is important. Budget Control Conflict Resolution Employee Satisfaction Cost Savings Sustaining Business Improving Corporate Image Embracing an organization s steadfast principles Human Capital Value

10 Video - Jack Welch s View on the Role of HR "HR is the driving force behind what makes a winning team. We make the argument that the team that fields the best players wins. HR's involved in making sure we field the best players." - Jack Welch

11 Chart Providing Overview of Some of the Roles of HRM

12 Human Resource Management - Video Please watch the video above regarding the role of HR professionals.

13 Important Information HRM is constantly evolving. HRM holds a variety of responsibilities. HRM must work collaboratively with other departments to improve an organization s success.

14 How Human Resources Helps Your Business Maintain a good working environment for employees Helps prevent, resolve, and handle disputes Sets benchmarks for the future