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    Principles of Management Chapter 10 GTU MBA

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    Rushabh Vora
    The document discusses the importance of human resource management (HRM) for organizational performance and competitive advantage. It describes the key aspects of the HRM process, including human resource planning, recruitment, selection, training and development, performance appraisal, and promotions/separations. It also covers compensation and benefits, contemporary HRM issues like managing downsizing and workforce diversity, and the need for work-life balance policies.

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    Principles of Management Chapter 10 GTU MBA

    Uploaded by

    Rushabh Vora
    97 views17 pages
    The document discusses the importance of human resource management (HRM) for organizational performance and competitive advantage. It describes the key aspects of the HRM process, including human resource planning, recruitment, selection, training and development, performance appraisal, and promotions/separations. It also covers compensation and benefits, contemporary HRM issues like managing downsizing and workforce diversity, and the need for work-life balance policies.

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    Principles Of Management Chapter 10 GTU MBA

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    The document discusses the importance of human resource management (HRM) for organizational performance and competitive advantage. It describes the key aspects of the HRM process, including human resource planning, recruitment, selection, training and development, performance appraisal, and promotions/separations. It also covers compensation and benefits, contemporary HRM issues like managing downsizing and workforce diversity, and the need for work-life balance policies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    97 views17 pages

    Principles of Management Chapter 10 GTU MBA

    Uploaded by

    Rushabh Vora
    The document discusses the importance of human resource management (HRM) for organizational performance and competitive advantage. It describes the key aspects of the HRM process, including human resource planning, recruitment, selection, training and development, performance appraisal, and promotions/separations. It also covers compensation and benefits, contemporary HRM issues like managing downsizing and workforce diversity, and the need for work-life balance policies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 17

    Human Resource Development

    The Importance of Human Resource Management (HRM)


    As

    a significant source of competitive advantage


    People-oriented HR creates superior shareholder value.

    As

    an important strategic tool


    Achieve competitive success through people by treating employees as partners.

    To

    improve organizational performance


    High performance work practices lead to both high individual and high organizational performance.

    The HRM Process


    The

    HRM process is an ongoing procedure that tries to keep the organization supplied with the right people in the right positions, when they are needed.

    The HRM Process: Traditional View


    Includes

    seven basic activities

    Human resource planning Recruitment Selection Socialization Training and development Performance appraisal Promotions, transfers, demotions and separations

    The HRM Process: Traditional View


    Human Resource Planning Recruitment Selection

    Training & Development

    Socialization

    Performance Appraisal

    Promotions, Transfers, Demotions & Separations

    Managing Human Resources

    Human Resource (HR) Planning

    Planning for the future personnel needs of an organization, taking into account both internal activities and factors in external environment. Basic aspects in HR planning:

    Planning for future needs Planning for future balance Planning for recruiting or laying off employees Planning for the development of employees

    Recruitment Selection Socialization

    Training and Development


    Training

    programs are directed toward maintaining and improving current job performance while development programs seek to develop skills for future jobs. Employee Training

    Types of training Training Method

    Training Methods
    On-the-job Training Methods
    Coaching Job rotation Training positions Planned work activities

    Off-the-job Training Methods


    Vestibule training Behaviorally experienced training Role play Computer assisted instruction Management development programmes

    Employee Performance Management


    Performance

    Management System

    A process of establishing performance standards and appraising employee performance.

    Disadvantages of Performance Appraisal Methods


    Method Advantage Disadvantage
    More a measure of evaluators writing ability than of employees actual performance Time-consuming; lack quantification Written essays Simple to use

    Critical incidents

    Rich examples; behaviorally based

    Graphic rating Provide quantitative data; less Do not provide depth of job behavior scales time-consuming than others assessed BARS Multiperson comparisons MBO 360-degree appraisals Focus on specific and measurable job behaviors Time-consuming; difficult to develop

    Compares employees with one Unwieldy with large number of another employees; legal concerns Focuses on end goals; results Time-consuming oriented Thorough Time-consuming

    Promotions, transfers, demotions, & separation


    Reflect an employees value to the organization. High performers may be promoted or transferred to help them develop their skills. Low performers may be demoted, transferred to less important positions or even separated.

    Compensation and Benefits


    Benefits of a Fair, Effective and Appropriate Compensation System
    Helps attract and retain high-performance employees. Impacts the strategic performance of the firm.

    Types of Compensation
    Base wage or salary Wage and salary add-ons Incentive payments Skill-based pay Variable pay

    Factors That Influence Compensation and Benefits

    Contemporary Issues in Managing Human Resources


    Managing Downsizing The planned elimination of jobs in an organization
    Provide open and honest communication. Provide assistance to employees being downsized. Reassure and counseling to surviving employees.

    Managing Workforce Diversity


    Widen the recruitment net for diversity. Ensure selection without discrimination. Provide orientation and training that is effective.

    Tips for Managing Downsizing


    Communicate

    openly and honestly:

    Inform those being let go as soon as possible. Tell surviving employees the new goals and expectations. Explain impact of layoffs.

    Follow

    any laws regulating severance pay or benefits. Provide support/counseling for surviving employees. Reassign roles according to individuals talents and backgrounds. Focus on boosting morale:

    Offer individualized reassurance. Continue to communicate, especially one-on-one. Remain involved and available.

    Current Issues in HRM (cont.)

    Work-Life Balance

    Employees have personal lives that they dont leave behind when they come to work. Organizations have become more attuned to their employees by offering family-friendly benefits:
    On-site child care Summer day camps Flextime Job sharing Leave for personal matters Flexible job hours

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