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Human
Resource
OBJECTIVES:
After studying this topic, you should be able to:
1. Comprehend and define what human
resource management is.
2. Explain the strategic role of human
resource management and its three
broad activities.
3. Identify its importance and functions
in the organization.
WHAT IS
HRM?
Company Strategy
2. Managing talent
3. Maintaining an effective workforce
HRM THREE BROAD GOALS/ACTIVITIES
1. FINDING THE RIGHT PEOPLE
1.1 HRM Planning
-analyzes an organization’s HR needs and how to
best fill them.
Steps in the HR planning process:
Step 1 — review organizational mission, objectives, and
strategies.
Step 2 — review HR objectives and strategies.
Step 3 — assess current HR needs.
Step 4 — forecast HR needs.
Step 5 — develop and implement HR plans.
1.1 HRM Planning
Application Form/
Background Info.
Interviews Physical
Ability tests
Selection
References
Employment Test
Performance tests
Selection Tools
Supervisors
Self Subordinates
3. MAINTAINING AN EFFECTIVE WORKFORCE
Compensation refers to: (1) all monetary
payments and (2) all goods or commodities
used in lieu of money to reward employees.
3.1 Wage and Salary Systems
Base Wage
Job Based Pay-paid for the job that is done
Competency Based Pay-pay is linked to job-
relevant skills, knowledge, and experience
3.2 Benefits
-such as health insurance, vacations, and
such things as onsite daycare or fitness
centers
3.3 Termination
-retirement, others will depart voluntarily
for other jobs, and still others will be
forced out through mergers and
cutbacks or for poor performance
IMPORTANCE OF HRM
1. Social Significance:
- proper management of personnel enhances
their dignity by satisfying their social needs
2.Professional Significance:
-lies in developing people and providing
healthy environment
3.Organization Significance
-it can help the organization in accomplishing
its goals
OBJECTIVES OF HRM
Personal Objectives:
-to assist employees in achieving their personal
goals
Functional Objectives:
Societal Objectives
Organizational
Objectives
Functional
Objectives
Personal
Objectives