The Challenge of Human Resources Management

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The Challenge of Human Resources Management




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Presentations text content in The Challenge of Human Resources Management

Slide1

The Challenge of Human

Resources Management

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The Challenges of Human Resources Management

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Chapter Objectives

After studying this chapter, you should be able to

Explain how human resources managers can help their firms gain a sustainable competitive advantage through the strategic utilization of people.

Explain how globalization affects human resources management.Explain how good human resources practices can help a firm achieve its corporate social responsibility and sustainability goals.

Describe how technology can improve how people perform and are managed.Discuss how cost pressures affect human resources management policies.

Discuss how firms can leverage employee differences to their strategic advantage.Explain how educational and cultural changes in the workforce are affecting human resources management.Provide examples of the roles and competencies of today’s HR managers.

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Why Study Human Resources Management?Human Resources Management (HRM)

The process of managing human talent to achieve an organization’s objectives.“Why Study HRM?”

Staffing the organization, designing jobs and teams, developing skillful employees, identifying approaches for improving their performance, and rewarding employee successes—all typically labeled HRM issues—are as relevant to line managers as they are to managers in the HR department.Great business plans, products and services can easily be copied by your competitors. Great personnel cannot.

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LEARNING OUTCOME 1

Explain how human resources managers can help their firms gain a sustainable competitive advantage through the strategic utilization of people.

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Human Capital and HRM

Words to describe how important people are to organizations – Human Resources, Human Capital, Intellectual Assets, and Talent Management.Human Capital - The knowledge, skills, and capabilities of individuals that have economic value to an organization

Human capital is intangible and cannot be managed the way organizations manage jobs, products, and technologies.Valuable because capital:is based on company-specific skills.

is gained through long-term experience.can be expanded through development.

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4“An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive business advantage.” ( Jack Welch, General Electric)

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Challenge 1: Responding Strategically to Changes in the Marketplace

Human Resources Managers and Business StrategyFrom administrative tasks to strategic partners.

Human resources managers need an intimate understanding of their firms’ competitive business operations and strategies. They need to understand…..

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Total quality management

ReengineeringDownsizingOutsourcing

Change managementReactive change

Proactive changeSix SigmaAnd more….

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Overall Framework of HR Management

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Figure 1.1 provides an overall framework of HR activities. From this figure, we can see that managers have to help blend many aspects of management

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Challenge 2: Competing, Recruiting, and Staffing Globally

Globalizationapproximately 70 to 85 percent of the U.S. economy today is affected by international competition.

About 10 percent of what Americans produce every year, dollar-wise, is sold abroad. Impact of Globalization“Anything, anytime, anywhere” marketsPartnerships with foreign firms

Lower trade and tariff barriersNAFTA, EU, APEC trade agreementsWTO and GATT

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Explain how globalization affects human

resources management.

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Challenge 3: Setting and Achieving Corporate Social Responsibility and Sustainability Goals

Corporate Social Responsibility (CSR)The responsibility

of the firm to act in the best interests of the people and communities affected by its activities.Sustainability is closely related to corporate social responsibility. Sustainability refers to a company’s ability to produce a good or service without damaging the environment or depleting a resource.

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LEARNING OUTCOME 3

Explain how good human resources practices can help a firm achieve its corporate social responsibility and sustainability goals.

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Challenge 4: Advancing HRM with Technology

Collaborative software that allows workers anywhere anytime to interface and share information with one another electronically—wikis, document-sharing platforms such as Google Docs, online chat and instant messaging, web and video conferencing, and electronic calendar systems—have changed how and where people and companies do business.

From Touch Labor to Knowledge WorkersKnowledge Workers - Workers whose responsibilities extend beyond the physical execution of work to include planning, decision making, and problem-solving.

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LEARNING OUTCOME 4

Describe how technology can improve how people perform and are managed.

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Challenge 4: Advancing HRM with Technology (cont.)

Human Resources Information System (HRIS)

- A computerized system that provides current and accurate data for purposes of control and decision-making.

It has become a potent weapon for lowering administrative costs, increasing productivity, speeding up response times, improving decision-making, and tracking a company’s talent.

Another way in which information technology is affecting human resources management is relational in nature --connecting people with each other and with HR data they need.

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Challenge 5: Containing Costs While Retaining Top Talent and Maximizing Productivity

Organizations take many approaches to lowering labor-related costs, including…. Carefully managing employees’ benefits

DownsizingFurloughing EmployeesOutsourcing

Offshoring Employee Leasing

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LEARNING OUTCOME 5

Discuss how cost pressures affect human resources management policies.

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Challenge 6: Responding to the Demographic and Diversity Challenges of the Workforce

In a recent survey, almost half of the organizations reported that the biggest investment challenge facing them over the next ten years is obtaining human capital and optimizing their human capital investments. Why is this so? Changes in the demographic makeup of employees, such as their ages, education levels, and ethnicities, is part of the reason why.

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Discuss how firms can leverage employee differences to their strategic advantage.

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Challenge 7: Adapting to Educational and Cultural Shifts Affecting the Workforce

Over the years, the educational attainment of the U.S. labor force has risen dramatically. Figure 1.5 shows that it clearly pays to get a college education. An education also helps a person stay out of the ranks of the unemployed.

For example, in 2010, the unemployment rate of people ages twenty to twenty-four hit 17 percent. But those in the same age range with college degrees fared better. The unemployment rate for them was a little over 9 percent.

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Explain how educational and cultural changes in the workforce are affecting human resources management.

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Challenge 7: Adapting to Educational and Cultural Shifts Affecting the Workforce (cont.)

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Challenge 7: Adapting to Educational and Cultural Shifts Affecting the Workforce (cont.)

Other Factors:

Cultural and Societal Changes Affecting the WorkforceEmployee Rights

Privacy Concerns of EmployeesChanging Attitudes toward Work

Balancing Work and Family

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The Partnership of Line Managers and HR Departments (cont.)

Responsibilities of Human Resources ManagersStrategic advice and counsel

ServicePolicy formulation and implementation

Employee advocacyCompetencies Human Resources Managers RequireBusiness mastery

HR masteryPersonal credibility

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LEARNING OUTCOME 8

Provide examples of the roles and competencies of today’s HR managers.

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The Partnership of Line Managers and HR Departments (cont.)

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Key Terms

corporate social responsibility

downsizingemployee leasing

globalization

human capital

human resources information system (HRIS)human resources management (HRM)knowledge workers

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managing diversityoffshoringoutsourcingproactive changereactive changereengineering

Six Sigmatotal quality management (TQM)


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