... Human Resource Management Role Human Resource Management (HRM) is the function of an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human resource management also deals with the issues that the staff is experiencing such as the hiring process, vacation, bonuses, training safety, communication between staff and management. Human resource also deals with how the organization develops by growth of revenue and how the staff is motivated to do their jobs. HR professionals also suggest strategies for increasing employee commitment to the organization. This begins with using the recruiting process or matching employees with the right positions according to their qualifications. Once hired, employees must be committed to their jobs and feel challenged throughout the year by their manager. Emerging new technologies and current trends in human resource management (for instance, the use of Facebook for selection purposes and electronic monitoring); the changing political and legal landscape since the last presidential election and its potential effects on human resource practices; outsourcing and ethical human resource implications; the role of in human resource...
Words: 545 - Pages: 3
...WHAT IS SWOT ANALYSIS? SWOT analysis (alternately SWOT Matrix) is a strategic planning method used to evaluate the Strengths, Weaknesses/Limitations, Opportunities, and Threats involved in a project or in abusiness venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. The technique is credited to Albert Humphrey, who led a convention at the Stanford Research Institute (now SRI International) in the 1960s and 1970s using data from Fortune 500companies. Setting the objective should be done after the SWOT analysis has been performed. This would allow achievable goals or objectives to be set for the organization. Strengths: characteristics of the business, or project team that give it an advantage over others Weaknesses (or Limitations): are characteristics that place the team at a disadvantage relative to others Opportunities: external chances to improve performance (e.g. make greater profits) in the environment Threats: external elements in the environment that could cause trouble for the business or project Identification of SWOTs is essential because subsequent steps in the process of planning for achievement of the selected objective may be derived from the SWOTs. First, the decision makers have to determine whether the objective is attainable, given the SWOTs. If the objective is NOT attainable a different objective must...
Words: 3058 - Pages: 13
...Strategic HRM for banking The environments in which organizations operate today are divergent. Myanmar banking sector has been facing unprecedented challenges with the wave of privatization and globalization of myanmar economy. Banks are under intense pressure to perform in today’s volatile market place. Steep competition, globalization, growing customer demand and exposure to higher credit risks are forcing the banks to find new ways of providing better customer service so as to improve profitability. The strategic management of human resources is one of the ways companies may use to increase their competitiveness in the new organizational landscapes, since managing in a global marketplace, introducing new technology, developing organizational knowledge, improving customer service or product quality, requires considering the “human equation” (Pfeffer, 1998). The management of organization human resources is an integral part of how an organization is going to achieve its mission goals. Without people, there is no one to do the work. Therefore, integrating HRM into the organization strategic plan is important step in Establishing an HR Strategy. The function of building human resources management strategy requires analyzing the current strategies of the organization and its goals which means Because of the globalization, the competition is very intense to get competitive advantage. Globalization represents the structural making of the world that is characterized by the free flow...
Words: 1667 - Pages: 7
...Chapter 1 Introduction 1. Background Strategic Human Resource Management (SHRM) has been, and remains, one of the most powerful and influential ideas to have emerged in the field of business and management during the past twenty-five years. Policy makers at government level have drawn upon the idea in order to promote ‘high performance workplaces’ and ‘human capital management’. Within business corporations, the idea that the way in which people are managed could be one of, if not the most crucial factor in the whole array of competitivenessinducing variables, has become a widely accepted proposition during this period. Many management consultancy firms – both large and small – have built substantial businesses by translating the concept into frameworks, methodologies and prescriptions. And, not least, academics have analysed, at considerable length, the meaning, significance and the evidence base for the ideas associated with SHRM. The central idea – broadly stated – is that while for much of the industrial age, ‘labour’ was treated as an unfortunate ‘cost’, it became possible to view it in an entirely different light; as an ‘asset’. Economists and accountants routinely classified labour as one the main ‘variable costs’. Accordingly, procedures and managerial systems were aligned with this view. Labour was seen as plentiful and dispensable. Little thought was given to its recruitment, little investment was made in its development...
Words: 2753 - Pages: 12
...Costco: Weakness of Three Aspects, a Company, Diversity, and Globalization INTRODUCTION The history of Costco “We are a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise.” Costco Wholesale Corporation is one of biggest wholesale corporations in the United States and several other countries. The story of Costco’s rise from a single Seattle store in 1983 to a multinational chain of enormously profitable warehouses is a tale of perfect leadership in a rapidly-changing retail world. The company’s first location was in 1976 under the name Price Club which was established by Sol Price. Jim Sinegal launched a competing company with an idea of a wholesale business, Costco. The two businesses eventually merged in 1993, and Sinegal went on to educate Sol Price on the art of getting the right product in the right place for the right price. When Costco and Price Club merged in 1993, the operation under the name “PriceCostco” had 206 locations generating $16 billion in annual sales. Since resuming the Costco name in 1997, the company has grown to more than 500 locations worldwide. After opening the first Costco warehouse located in Seattle, WA, U.S.A. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. Costco’s strategy There are several factors for Costco to increase its growth under the strategy of the right products in the right place for the right price....
Words: 3075 - Pages: 13
...area of study and a set of organisational activities, industrial relations has traditionally referred to the management of the relationship between trade unions and management and associated processes including collective bargaining, negotiation and consultation and industrial conflict. The use of the term ‘employment relations’, rather than industrial relations, reflects a range of developments in the political, economic, social and legal context of the employment relation- ship that have taken place over the last three decades. The advent of new forms of employee management, such as HRM, alongside shifting industrial structures to a service-dominated economy, declining trade union power and influence, political antipathy towards the union movement, greater individu- alisation and flexibility in the management of labour and changing social attitudes have created a more diverse employment landscape. Subsequently, employment relations is concerned with the management of both the individ- ual and collective employment relationship, both in union and non-union workplaces and in all industry sectors. CIPD (2009h) suggest that employ- ment relations is best understood as a skill-set or a philosophy for employers, rather than as a management function or well defined...
Words: 339 - Pages: 2
...role? 4. INTRODUCTION There has been a dramatic shift in the role of human resource management (HRM) in recent decades. Traditionally, the HR function has been viewed as primarily administrative, focusing on the level of the individual employee, the individual job, and the individual practice (Becker, Huselid, and Ulrich, 2001), with the basic premise that improvements in individual employee performance will automatically enhance organizational performance. In the 1990s, an emphasis on strategy and the importance of HR systems began to emerge. Both researchers and practitioners began to recognize the impact of aligning HR practices with organizational strategy. HR has now emerged as a strategic paradigm in which individual HR functions, such as recruitment, selection, training, compensation, and performance appraisal, are closely aligned with each other and also with the overall strategy of the organization. This new approach of managing human resources has introduced a more strategic role of HRM in an organization. Globalizations, technological advance, changes in the nature of work, changes in workforce demographics are the factors that demand more strategic role of HRM in management. In order to play a more strategic role as a HR manager you need to involve in many tasks like creating strategy execution role, creating formulation execution role, creating a strategic HRM system, creating high-performance-work system, translating strategy into HR policy & practice, and...
Words: 5688 - Pages: 23
...Industrial relations is a post-industrial revolution term that replaced the expression "master-servant" used to define the relationship between a worker and an employer. Contemporary industrial relations still refers to the employment relationship and the business unit that manages the employment relations, personnel or human resources. It often includes labor unions as parties to that relationship. The main objective of industrial relations is to improve the economic conditions of workers in the current economic climate. The value added outcomes that can result from good industrial relations include improved morale and commitment, fewer grievances, productivity increases, and better control of labour costs. (Waiganjo, 2012) However there are three theories on how this can be obtained: unitarism, pluralist and radical perspectives. Each of these perspectives takes a different approach to the workplace and the roles of the parties involved; but not all will be effective in today’s evolving labour market. If you want to make peace with your enemy, you have to work With your enemy. Then he becomes your partner. - Nelson Mandela The unitarist approach to industrial relations is one of mutual benefit; the management and other members of staff are presumed to share a common purpose emphasizing mutual cooperation. (Waiganjo, 2012) This approach to working relationship promotes the virtues of teamwork, where everyone strives to reach a common objective. Many Canadians take...
Words: 2050 - Pages: 9
...HRM and Culture Student Name Professor Strategic Human Resource Management December 1, 2013 HRM and Culture Women have been trying to shatter the glass ceiling for many years. The European Union has been touting equality between women and men for decades (Reding, 2012). In spite of their progress men still dominant company boards. 86.3% of board members are men while there are only 13.7% women. 96.8% of men are boardroom chairs while 3.2% are women (Reding, 2012). Corporate culture in Korea has come a long way but it still has a long way to go. Korean women continue to get paid 38% less than Korean men (Harden, B., 2010). South Korean women are seeking other careers besides teaching in today’s society. Even though times are changing South Korean men still do not want to acknowledge the changes (Phatak, Bhagat, & Kashlak, 2012). SK Telecom is Korea’s largest mobile phone carrier (Mu-hyun, 2012). It was established in 1984 and remains a major contender in the mobile industry. They are dedicated to building a better future for customers and information communications and staying on the cutting edge of technology (SK telecom, n.d.). SK Telecom has pioneered several historic breakthroughs such as the world’s first CDMA commercialization, world’s first CDMA 2000 1x, 1xEV-Do and HSDPA services (SK telecom, n.d.). With these types of innovating minds it is hard to believe that one of its’ senior managers is unwilling to hire women because he feels they...
Words: 1966 - Pages: 8
...Applying Organizational Behavior When Motivating Employees ADM 521 Applied Administration Concepts Dr. Michael Provitera 2/26/2014 Chauvaunia Goodman 1. Introduction Employee motivation can be regarded as one of the key practices for an organization to build long-term sustainability in any respective business industry. In relation to the recent phenomenon, the performance of employees significantly depends upon a number of factors including employee motivation, employee satisfaction, performance appraisal, compensation, training and development (T&D) along with adequate security of job role and organizational structure among other factors (Muogbo, 2013). However, the specific area of this study is focused on employee motivation, which tends to highly influence employee performance within an organization. In relation to the rapidly growing global business environment, marketers have been widely witnessed to implement a number of strategic measures in order to keep the workforce more optimistic with regard to their specific roles and responsibilities within the organization. In this regard, Organizational Behavior (OB) has long been observed to play an essential role for the entrepreneurs to develop strong workforce in accordance with the vision and postulated business goals (Tishman et al., 2012). Emphasising the notion of OB to play as an essential role in employee motivation, the primary objective of this report is to critically analyse the practice of OB by...
Words: 4333 - Pages: 18
...Reflective Paper Human Resource Management June 17, 2013 Human Resource Managers are a unique group of individuals possessing the skillset to stay abreast of the constantly evolving work force, advances in global technology, and cultural diversity in order to manage human skills and talents to ensure effective alignment with the goals of an organization. Human resources are the most valuable element within any organization. In this paper, I will present a brief description of how areas of human resource management discussed throughout this course work together to perform the primary functions of human resource management. The human resource management process is made up of strategic HR planning, job analysis and job design, attraction and recruitment of talent, selection and job fit performance appraisal/management, training and development, compensation, and benefits and benefit administration. “Strategic planning considers meeting resource demands, examining and evaluating resource deployment, estimating capacity, and also recognizing and handling human talent to satisfy capacity needs” (Youssef, 2012, section 1.6). Job analysis and job design include specifying the duties and responsibilities of a particular job. Job analysis allows managers the ability to comprehend how a job is performed and flows. It gives managers insight as to what a particular job entails, how the work flows, and how to further develop the job in order to maximize productivity within the organization...
Words: 2008 - Pages: 9
...Assignment front sheet| Learner name| Assessor name| |Prof Jose Mathew Mattom| Date issued|Completion date|Submitted on| ||| Qualification|Unit number and title| BTEC LEVEL 7 EDSML|STRATEGIC HUMAN RESOURCE MANAGEMENT| || Assignment title|| In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found.| Criteria reference|To achieve the criteria the evidence must show that the student is able to:||Task no.||Evidence| 1|Explanation of the importance of strategic human resource management in organisations||1.1||| 1|Assessment of the purpose of strategic human resource management activities in an organisation||1.2||| 1|Evaluation of the contribution of strategic human resource management to the achievement of an organisation’s objectives||1.3||| 2|Analysis of the business factors that underpin human resource planning in an organisation||2.1||| 2|Assessment of the human resource requirements in a given situation||2.2||| 2|A human resources plan for an organisation||2.3||| 2|Evaluation of how a human resources plan can contribute to meeting an organisation’s objectives||2.4||| 3|Explanation of the purpose of human resource management policies in organisations||3.1||| 3|Analysis of the impact of regulatory requirements on human resource policies in an organisation||3.2||| 4|Analysis of the impact of an organisational structure on the management of human resources||4...
Words: 613 - Pages: 3
...HRM 603: Comparative Studies of Industrial or Employment Relations Assignment 1 Trimester 3 2013 HRM 603: Comparative Studies of Industrial or Employment Relations Assignment 1 Trimester 3 2013 Name: Cagi Merelita ID no.: 2011001230 Table of Contents Introduction 1 The development & evolution of IR/ER system 2 The development & evolution of IR/ER system in the Fiji Island 3 The IR/ER system of Australia against that of the Fiji Islands 4 The emerging issues & recent trends in IR/ER in both nations 5 Considered key roles & responsibilities by the major actors in an IR/ER system in each country 6 Major actor’s roles & responsibilities that are considered most significant in an IR/ER context & why 8 Bibliography 9 Introduction Employment Relations are the employer and employee relationship, it also describes the relationship between workers and employers in business (Employer and Employee Relations, 2011). Employment Relations is important because it encourages motivation, it builds up the reputation of a worker and the business through the increase in number of potential customers, investors and staff, increase in productivity output, efficiency and profit levels (Employer and Employee Relations, 2011). With the changing industrial landscape in every country or nation, the growth of new townships/cities and the dispersal of activity, a process of ‘industrial culturalisation’...
Words: 2317 - Pages: 10
...Maritime more specifically the business unit called Maritime Services. The organizational structure for the same can be seen in Appendix 2 – Organizational Chart.ppt. Since the organization is fairly large and the scope of the assignment is limited, Maritime Services is the chosen domain. However, the various HR related practices extends to all parts of the organization as the HRM function is common to all business units with minor variations for some of the business untis. The company has a strong culture [3] where all members of the organization hold clear organizational values. Keeping in tune with the changing business landscape, the company is well equipped to react and adapt to the new market conditions. This is seen by how the employees have adapted to the present reorganization. To some extend DNV has been successful in injecting flexibility into the roles employees play in teams and in getting people to adopt a wider range of skills [4] to suit the present market situations. HRM has been mainly instrumental in developing a strong culture within the various business units all over the world. HRM identifies people as its key source just as like many other companies....
Words: 3411 - Pages: 14
...Managing Human Resources Course Code: 4200 Chapter One: The World of Human Resource Management pages 1-28 Human resource management (HRM) The process of managing human talent to achieve an organization’s objectives Human capital: The knowledge, skills, and capabilities of individual that have economic value to an organization. Skills that people bring with them Six Sigma: A set of principles and practices whose core ideas include understanding customer needs, doing things right the first time and striving for continuous improvement Reengineering: rethinking and radical redesign of business processes to achieve dramatic improvement in cost , quality, services and speed Outsourcing: contracting outside work that was formerly done by employees inside the company Change management: bring about and managing change at both the organizational and individual level Proactive Change: Change initiated to take advantage of targeted opportunities Globalization: Opening up foreign markets to international trade and investment Reactive Change: Change that occurs after external forces have already affected performance Corporate Social: The responsibility of the firm to act in the best interests of the people and communities affected by its activities Collaborative Software: Software that allows workers to interface and share information with one another electronically Human Resource Information System:...
Words: 3404 - Pages: 14
