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10 1 10 Human Resource Management Irwin McGraw Hill The McGraw Hill Companies Inc 2000 10 2 Human Resource Management Human Resource Management includes all activities used to attract retain employees and to ensure they perform at a high level in meeting organizational goals These activities are made up of 1 Recruitment selection 2 Training and development 3 Performance appraisal and feedback 4 Pay and benefits 5 Labor relations Irwin McGraw Hill The McGraw Hill Companies Inc 2000 10 3 Components of a HRM System Figure 10 1 Recruitment Recruitment Selection Selection Labor Labor Relations Relations Pay Pay Rewards Rewards Irwin McGraw Hill Training Training Development Development Performance Performance Appraisal Appraisal Feedback Feedback The McGraw Hill Companies Inc 2000 10 4 HRM Components Component should be consistent with the others organization structure and strategy Recruitment develop a pool of qualified applicants Selection determine relative qualifications potential for a job Training Development ongoing process to develop worker s abilities and skills Performance appraisal feedback provides information about how to train motivate and reward workers Irwin McGraw Hill Managers can evaluate and then give feedback to enhance worker performance The McGraw Hill Companies Inc 2000 10 5 HRM Components Pay and Benefits high performing employees should be rewarded with raises bonuses Increased pay provides additional incentive Benefits such as health insurance reward membership in firm Labor relations managers need an effective relationship with labor unions that represent workers Unions help establish pay and working conditions If management moves to a decentralized structure HRM should be adjusted as well Irwin McGraw Hill The McGraw Hill Companies Inc 2000 10 6 HRM Legal Environment Management of HR is a complex area There are many federal state and local regulations Equal Employment Opportunity EEO ensures all citizens have equal opportunity for employment



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