Fundamentals of Human Resource Management Fifth Edition Chapter 1 Managing Human Resources Today Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Learning Objectives (1 of 2) 1. Answer the questions, “What is human resource management?” and “Why is knowing HR management concepts and techniques important to any supervisor or manager?” 2. Describe with examples what trends are influencing human resource management. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Learning Objectives (2 of 2) 3. Discuss at least five consequences such trends have for human resource management today. 4. Explain what sorts of competencies, knowledge, and skills characterize today’s new human resource manager. 5. Outline the plan of this book. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Managing: Five Basic Functions Management Process: • Planning • Organizing • Staffing • Leading • Controlling Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved What is Human Resource Management? Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved The Personnel Aspects of Management/ The functions of HRM (1 of 2) • Conducting job analyses • Planning labor needs and recruiting job candidates • Selecting job candidates • Orienting and training new employees • Managing wages and salaries Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved The Personnel Aspects of Management/ The functions of HRM(2 of 2) • Providing incentives and benefits • Appraising performance • Communicating • Training employees and developing managers • Building employee relations and engagement • Maintaining compliance issues Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Definition • The process of hiring and developing employees so that they become more valuable to the organization. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Why is human resource management important to all managers? Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Benefits of studying HRM 1. Helps reduce employee turnover 2. Helps resolve workplace conflicts 3. Determines the level of employee satisfaction 4. Boosts employee performance 5. Conducts training Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Benefits of studying HRM 6. Controls budget 7. Helps you to get jobs easily in human resource management and beyond 8. Offers job satisfaction 9. Allows you to meet new people and work alongside clients and senior HR management 10. Provides opportunities to progress Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved What can I do with a Human Resource Management degree? Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Pay grades of HR Professionals These are some of the most popular jobs you can get with an HRM degree. We’ve also listed the average salaries in the US according to Pay-Scale and some of the main tasks and responsibilities. This way, you’ll get a better idea about the skills and knowledge required for each position. Human Resources Assistant – 40,000 USD/year HR Mediator – 51,700 USD/year Human Resources Specialist – 50,000 USD/year Training & Development Manager – 75,000 USD/year Human Resources Manager – 66,500 USD/year Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Personnel Mistakes to Avoid • Employees not doing their best • Hiring the wrong person for the job • High turnover • Legal ramifications from discriminatory actions • Unsafe company practices • Lack of training undermining performance • Unfair labor practices Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved • ..\..\Organizational Behavior\Human Resource Management.mp4 • YouTube Link- Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Line versus Staff Authority • Line authority: Gives managers the right to issue orders to other managers or employees. • Staff authority: Gives managers the right to advise other managers or employees. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved HR Managers Duties • Line Function • Coordinative Function • Staff Functions Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Line and Staff Aspects of HRM • Recruiting • Interviewing • Selecting • Training Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Line Managers’ HRM Responsibilities (1 of 2) • Placing the right person in the right job • Starting new employees in the organization • Training employees for new jobs • Improving job performance for each employee • Gaining cooperation and developing smooth relationships Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Line Managers’ HRM Responsibilities (2 of 2) • Interpreting the company’s policies and procedures • Controlling labor costs • Developing the abilities of each person • Creating and maintaining departmental morale • Protecting employees’ health and physical conditions Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved OBJECTIVES • To achieve and maintain high morale among employees. • To develop and maintain a quality of work life. • To be ethically and socially responsive to the needs of society. • To enhance employee's capabilities to perform the present job. • To equip the employees with precision and clarity in transaction of business. • To inculcate the sense of team spirit, team work and inter-team collaboration. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved PRINCIPLES OF HRM 1. Principle of individual development – to offer full and equal opportunities to every employee to realise his/her full potential. 2. Principle of scientific selection – to select the right person for the right job. 3. Principle of free flow of communication- to keep all channels of communication open & encourage upward, downward, horizontal, formal & informal communication. 4. Principle of participation – to associate employee representatives at every level of decision making. 5. Principle of fair remuneration- to pay fair & equitable wages & salaries commiserating with jobs. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved PRINCIPLES OF HRM 6. Principle of incentive – to recognize and reward good performance. 7. Principle of dignity of labor – to treat every job holder with dignity and respect. 8. Principle of labor management co-operation – to promote cordial industrial relations. 9. Principle of team spirit – to promote co-operation & team spirit among employees. 10. Principle of contribution to national prosperity – to provide a higher purpose of work to all employees and to contribute to national prosperity. Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved The Human Resources Department • Recruiters • EEO representatives • Job analysts • Compensation managers • Training specialists • Labor relations specialists Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved The Human Resources Department • Recruiters • EEO representatives • Job analysts • Compensation managers • Training specialists • Labor relations specialists Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Workforce Diversity Trends TABLE 1.1 Demographic Groups as a Percent of the Workforce, 1992–2024 Age, Race, and Ethnicity 1992 2002 2012 2022 Age: 16–24 16.9% 15.4% 13.7% 11.3% 25–54 71.4 70.2 65.3 63.9 55+ 11.8 14.3 20.9 24.8 White 85.0 82.8 79.8 77.0 Black 11.1 11.4 11.9 12.7 Asian 4.0 4.6 5.3 6.6 Hispanic origin 8.9 12.4 15.7 19.8 Source: U.S. Bureau of Labor Statistics Economic News Release, www.bls.gov/news.release/ecopro.t01.htm, accessed December 19, 2013, and www.bls.gov/news.release/ecopro.t01.htm, accessed April 16, 2017 Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Economic Challenges (1 of 2) Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Economic Challenges (2 of 2) Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Biggest Challenges of HR Professionals in COVID-19 Pandemic 1. Mental Health and Wellbeing] 2. Managing Remote Work 3. Lack of Agility 4. Employee Communication 5. Uncertainty 6. Employee Engagement Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved HR Priorities & Active Business Partnering in the times of COVID-19 1. Changing Business Models & Talent Delivery 2. Organizational Effectiveness 3. Employee Productivity 4. Employee Engagement 5. Empathy, Health, and Safety Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved Thank you Copyright © 2019, 2016, 2014 Pearson Education, Inc. All Rights Reserved