Chapter 2 Fundamentals of Strategic HRM c Organizing a Mamangement the process of completing activities with and through a management function focusing on setting organizational goals 1 HRM Importance people b Planning and objectives a management function that deals with determining what jobs are to be done by whom where decisions are to be made and how to group employees d Leading others e Controlling ensure goals are met management function concerned with monitoring activities to mangeement function concerned with directing the work of f Strategic Nature i Asssisitng the organization in its strategic direction ii Representing and advocating for the organizations employees deliver products services that is similar to providing great value and low cost i Cost Differentation ii Product Differentation g Strategic Approaches competitors but incorporates a feature that differentate it product service and the customer iii Customer Intimacy iv Customer Market Focus h Strategic Human Resource Mangement decisions with the organizational strategy and mission Aligning HR Policies and unique target market characteristics strong personal relationship between provider activities in HRM concerned with seeking and hiring qualified i Strategic Human Resource Planning ii Recruiting iii Selection b Traning and Development employees to develop up to date skills knowledge and abilities activities in HRM Concerned with assisting 2 HRM Functions a Staffing employees c Motivational Functions employees exert at high energy levels activities in HRM concerned with helping i Orientation ii Employee Training iii Employee Development iv Career Development i Motivation Theorys and job design ii Performance Appraisals iii Rewards and Compensation iv Employee Benefits d Maintance Function employees commitment and loyalty to the organization Activities in HRM concerned with maintaining i Safety and Health ii Communications iii Employee Relations 3 External Environments Affect HR a HR Environemtn is always changing b Laws and Regulations c Labor Unions othe terns abd conditions of employment act on behalf if its members to secure wages hours and i Scientific Mangement worker productivity a set of principles desgined to enhance 4 Structuring the HR Environemnt a Employment i Promoting staffing activities ii Recruiting new employees 1 important to coordinate effort with management on hiring decisions b Training and Development i Help employees maximize their potential ii Help employees adapt to change c Compensation and benefits employees and administering the benefits package communiiication among organizational members d Employee Relations Activities in HRM concerned with effective HRM Function concerned with paying i Need Suppoort of CEO ii Effective Communicaitons iii Determing what to communicate iv Allowing for Feedback Information Sources v 5 HR Trends and Opportunities contracting with a company to handle one or more HR a Outsorcing Function assumes all HR Functions of a client company by hiring all of its employees and leasing them back to the company b Profesional Employer Organizations PEO i Handle confusing government operations ii Ability to attract stroneger canidates sharing HRM activities among geographically dispersed c Shared Services divisions d HR Generalist Functions in an organization position responsible for all or a large number of HR
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