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7 Cards in this Set
- Front
- Back
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Human Resource Management |
The management of a wide range of responsibilities relating to the human (employees) function within a business in order to increase the efficiency of both employees and the business. |
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What does HR do? |
A human resource manager is the person who has responsibility for managing the formal relationship between the employer and its employees. This includes: - Hiring new employees - Managing the termination of employment - Maintaining the relationship through the training and motivating of employees. |
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HRM and Objectives |
- The role of an HR manager is to translate business strategy into action. Initially, HRM objectives must be established. - Strategies are then developed and related HRM activities conducted. If a business has a positive relationship with its employees, they will assist in the growth & success of the business. |
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Employees Who Have a Clear Understanding of Their Individual Goals |
- Become more engaged and experience increased levels of job satisfaction - More likely to make a direct contributionto its success - Feel a greater sense of ownership in what the business is trying to achieve - Result in productivity gains, lower absenteeism and turnover |
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HR Managers Involved |
- Strategic planning - Management of the employment cycle - Innovative strategies - Acting as an advocate for employees - Motivation, job satisfaction, productivity, employee relations and customer service - Change agent |
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HRM Key Duties |
- Contributing to strategic organisational planning - Recruitment and induction of new staff - Training and development of existing staff - Maintenance of staff personnel records - Creating well-designed jobs for employees - Management of OHS requirements - Motivation and appraisal of staff performance e.g. SMART goals are set for each employee, regular monitoring and feedback opportunities, and providing recognition and reward for performance - Management of termination, whether retirement, resignation or retrenchment - Managing employee relations issues |
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HRM Importance |
- Employees are the organisation’s most important and costly resource, so management of the relationship between employer and employees is the key to business success. - They must ensure that the organisation has the right people in the right place at the right time. |
