HRM Reviewer Midterm
HRM Reviewer Midterm
Objectives of HRM
- The objectives of HRM include:
A. What is Human Resource
Management (HRM)? ● Staffing:
- refers to the strategic and coherent - Ensuring the organization
approach to managing an has the right people in the
organization's most valuable right roles.
asset—its people. ● Development:
- Focuses on aligning employees with - Facilitating continuous
organizational goals. learning and skill
KEY ASPECT: enhancement.
- recruiting, selecting, training, and ● Compensation and Benefits:
developing employees - Structuring fair and
motivating reward systems.
● Employee Relations:
B. Evolution of HRM - Building harmonious
- The evolution of HRM can be relationships between
categorized into several phases: employees and
management.
● Early 20th Century ● Compliance:
- Personnel management - Ensuring adherence to labor
focused on administrative laws and regulations.
tasks like hiring and payroll.
● Post-World War II
- Emphasis shifted to D. Functions of HRM
employee welfare, benefits, - Key functions of HRM include:
and labor relations.
● 1980s–1990s 1. Recruitment and Selection
- Strategic HRM emerged, - Attracting and choosing the
aligning HR functions with right candidates.
broader business strategies. 2. Training and Development:
● Present Day - Enhancing skills and
- HRM is data-driven and knowledge for better
technology-enhanced, performance.
focusing on talent 3. Performance Management:
management, organizational - Monitoring and evaluating
development, and employee employee performance.
engagement. 4. Compensation Management:
- Designing fair and
competitive pay structures.
5. Employee Relations:
- Handling grievances,
disputes, and fostering a
positive work environment.
F. Importance of HRM H. Features of Competitive Business
- The importance of HRM lies in its Environment
ability to: - Today’s competitive business
environment is characterized by:
1. Enhance Organizational ● Globalization:
Efficiency - Companies are operating in
- By recruiting the right talent international markets.
and improving employee ● Technological Advancements:
productivity. - Rapid tech developments are
2. Build a Positive Work Culture: changing work dynamics.
- Ensuring employee ● Workforce Diversity:
satisfaction and low turnover. - Organizations are becoming
3. Ensure Compliance: more diverse in terms of age,
- By managing labor laws and gender, and culture.
regulations effectively.
4. Drive Organizational Change: BUSINESS TRENDS & HR
- HRM plays a key role in COMPETENCIES
managing change and 1. Digital Transformation: HR must
innovation. embrace tech solutions.
2. Flexible Work Models: Remote and
G. Limitations of HRM hybrid workforce management.
- Despite its significance, HRM faces 3. Sustainability: Implementing
several limitations: eco-friendly HR policies.
4. Employee Well-being: Focus on
1. Resistance to Change mental health and work-life balance.
- Employees and managers 5. Reskilling & Upskilling:
may resist new HR policies. Future-proofing employee
2. Cost capabilities.
- Implementing HRM
practices, such as training Key HR Competencies:
programs, can be expensive. - Strategic thinking
3. Measuring Effectiveness - Technological proficiency
- Quantifying HRM outcomes - Emotional intelligence
can be challenging, making it - Change management skills
hard to measure ROI.
4. Conflicts
- Managing diverse workforce
dynamics and resolving
conflicts can be complex.
LESSON 1 3. Quantitative Management Theory
PRINCIPLES OF MANAGEMENT - (mid-1900s)
- Applied mathematics and
A. What is Management statistics to management
- It is the process of coordinating and decision-making.
overseeing the work activities of
others so that their activities are 4. Systems and Contingency Theory
completed efficiently and effectively. - (1960s-1980s)
- Management involves planning, - Viewed organizations as
organizing, leading, and systems with interrelated
controlling organizational resources parts.
to achieve these goals. - The Contingency approach
suggested that management
Efficiency practices depend on
- involves doing tasks correctly and situational factors.
with minimum resources.
Effectiveness 5. Modern Management Theory
- refers to completing tasks that help - (late 20th century – present)
fulfill organizational goals. - Focuses on flexibility,
globalization, and innovation,
B. Evolution of Management with an emphasis on
- Management has evolved over time, leadership, organizational
adapting to changes in society and culture, and ethics.
business needs:
1. Classical Management Theory
- (late 1800s – early 1900s)
- Emphasized efficiency and
specialization.
Key figures include:
- Frederick Taylor (Scientific
Management)
- Henri Fayol (Administrative Theory),
- Max Weber (Bureaucratic Theory).
4. Unity of Command Each employee should have one direct supervisor.
5. Unity of Direction Teams with the same objective should work under one
plan.
10. Order People and materials should be in the right place at the
right time.
14. Esprit de Corps Promote team spirit and unity among workers.