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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.
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.
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.
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
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
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
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.
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