HUMAN RESOURCE MANAGEMENT Module 1 THE REWARDS AND CHALLENGES OF HUMAN RESOURCE MANAGEMENT Learning Outcomes After studying this chapter, you should be able to: 1. EXPLAIN how the human resource managers and other managers can have rewarding careers by helping their firms gain a sustainable competitive advantage through strategic utilization of people. 2. DISCUSS how good human resource practices can help a firm’s globalization, corporate social responsibility, and sustainable effort. 3. DESCRIBE how technology can improve how people perform and how they managed. Learning Outcomes 4. EVALUATE dual goals HR manager have in terms of increasing productivity and controlling costs. 5. ASSESS how firms can leverage employee differences to their strategic advantage and how educational and cultural changes in the workforce are affecting how human resources manager engage employees. 6. PROVIDE examples of the roles and competencies of today’s HR managers and their relationship with other managers. I. REWARDING CAREERS IN HUMAN RESOURCE MANAGEMENT • Understanding human resources management practices and issues can help you better compete in the marketplace. • Employees and managers who have a good understanding of their firm's business can help it achieve its strategies the effective utilization of people and their talents. Competitive Advantage through People 1. 2. 3. 4. Managers must develop strategies for identifying, recruiting, and hiring the best talent available; Develop these employees in ways that are firmspecific; helping them to generate new ideas and generalize them throughout the company; Encourage information sharing; Rewarding collaboration and teamwork among employees. The Challenging Role of Managing Human Resource Today • Changing Employee Expectations 1. 2. 3. 4. 5. The Silent Generation / Traditionalist The Baby Boomers Generation X Generation Y, or Millennial Generation Z Globalization Globalization is the process by means of which there permanently develop and grow flows of ideas, people, goods (capital and consumer), services, capital, information, everything which in the final result leads to the integration of economies and societies and brings prosperity and benefits to countries participating. Globalization • These organizations are able to take advantage of the global pool of talent and resource as opportunities arises. • These requires HRM professionals to adopt to cultures, legal systems and business practices in many different countries and ensures that employees with the appropriate mix of knowledge, skills and cultural adaptability are available and ready to handle global assignments. Understanding Cultural Environment • The increase of multinational and transaction companies creates new requirements on human resource managers to understand global and organizational cultures and to ensure that the employees have the appropriate mix of knowledge, skills and adaptability to operate within those cultures. Regulations and Legislation • Legal rights and requirements are so important, legal compliance has become a major responsibility for HRM. • Records must be kept, posters must be posted, data must be reported, safety must be monitored, and a thousand other legal requirements need to be monitored to protect the rights of employees and protect the employer from legal liability. Diversity and Inclusion • This includes going beyond Equal Employment Opportunity laws that protect recognized groups from discriminatory practices, recognizing that we are all unique individuals who want to be recognized for our uniqueness rather than our similarity to others. Technology and HR • Many HR tasks have been automated, making it easier for employees to access HR information quickly and easily via company websites and intranets. • These self‐service systems allow employees to access frequently requested information such as payroll, benefits, available training, employee handbooks, and deductions conveniently. • The Human Resource Information Systems (HRIS) that make this possible to many other important HR functions. GOALS OF HR MANAGERS IN TERMS OF INCREASING PRODUCTIVITY AND CONTROLLING COST • Efficiency is “the amount of resources used by HR programs, such as cost-per-hire.” • Effectiveness is made up of “the outcomes produced by HR activities, such as learning from training.” Labor Cost • Labor costs are a significant expense for many organizations. During the recent recession, many were forced to reduce the size of their workforce significantly using a variety of methods such as reduced hours, pay reduction, downsizing, outsourcing, off-shoring, and using contingent labor. HR Ways to Control Labor Cost • Downsizing and Rightsizing • Contingent workers • Part-time, Temporary and Contractual Employees • Off-shoring Continuous Improvement Program • The generic terms that describe this revolution are quality management and continuous improvement. • Hiring, training, and maintaining workers able to support an emphasis on quality management and continuous improvement are a strategic HRM responsibility in many organizations. CHALLENGES FACING BY HUMAN RESOURCE MANAGER • • • • • Employee Involvement Economy Merger and acquisition Labor Union World Health Issues ROLES AND COMPETENCY OF TODAY’S HUMAN RESOURCE MANAGER • The competency models for HR managers in both the private sector and the public sector are virtually the same. • HR managers in either sectors are responsible for creating and sustaining a productive workforce and positive work environment. ROLES AND COMPETENCY OF TODAY’S HUMAN RESOURCE MANAGER • HR professionals need business acumen, HR expertise, leadership qualities and the ability to establish HR as an advocate. • In addition, HR professionals is a change agent. In order to fulfill this role, HR managers must have four primary competencies: • communication, analysis capabilities, relationship-building skills and leadership qualities. Relationship of HR Manager with other Managers • The relationship between human resources and department managers would be strong. • HR leadership and departmental leadership should speak with one voice when it comes to employment matters and maintaining a productive workforce. • The HR department designs and develops people management processes; line and staff managers implement and use them. References This section may include list of books, journals, magazines, articles, and other online resources. Human Resource Management 16th Ed. By Scott Snell and George Bohlander. 3rd Philippine Reprint Cengage. 2014 Human Resource Management: From the Practitioner’s Point of View. Ranulfo Payos, LLB FPM, 2010. Human Resource Management, 12th Edition by Dessler, Gary. Global edition, Pearson Education Inc., Pearson Education South Asia Pte, Ltd., Jurong Singapore., 2010 Human Resource Management, 10th Ed., DeCenzo, Robbins &Verhults. John Wiley and Sons, Inc., Asia. 2010 Personnel Management in the 21st Century, 7th Ed., Sison Perfecto S., Revised by: Paayos and Zorilla, Rex Bookstore, Inc., Business Policy and Strategic Management: Concepts and Applications, 2nd Ed, Gupta, Vipin, Gollakota, Kamala, Srinivasan R. References http://www.dole.gov.ph/labor_codes https://www.businessstudynotes.com/hrm/human-resource-managementchallenges/ https://www.bls.gov/opub/mlr/2015/article/labor-force-projections-to2024.htm https://www.youtube.com/watch?v=gmzgfJl40hQ https://blog.vantagecircle.com/challenges-of-hr/ https://factorialhr.com/blog/hr-challenges/ https://www.forbes.com/sites/forbeshumanresourcescouncil/2019/03/15/h ow-hr-is-keto-successful-mergers-and-acquisitions/ https://blog.vantagecircle.com/challenges-of-hr/ https://factorialhr.com/blog/hr-challenges/ https://yourbusiness.azcentral.com/four-competencies-hr-manager3925.htmlhttps://yourbusiness.azcentral.com/relationship-between-hrdepartment-manager-1496.html References • https://www.iedunote.com/values-attitudes-difference • https://www.sagepub.com/sites/default/files/upm-binaries/17521_Chapter_5.pdf • https://www.iedunote.com/values-attitudes-difference • https://ameerrosic.com/wp-content/uploads/2015/01/12-Tips-On-How-to-Change-Your-AttitudeTowards-Life-When-You-Cant-Change-Your-Situation.jpg • https://www.akkaarchitects.com/attitude-the-number-one-factor-when-hiring-new-employees/ • https://eliteblogacademy.com/power-core-values/ • https://www.ethicssage.com/2018/08/what-are-values.html