HR management rules

Human Resources Management

Module 1: The Role of Human Resources

Module Learning Outcomes

• Explain the concept of Human Resources (HR) Management (HRM)

• Describe the functions of HRM

What HR related tasks do line managers do?

Human Resources Management

• Human resource (HR) management is the process of effectively managing an organization's employees, commonly known as its human resources or human capital. -Society for Human Resource Management (SHRM)

• Finding, hiring, and developing the right people for the right positions in a compliant manner.

The Role of Human Resources

There are several roles of human resources within an organization:

• Ensure the organization has the right talent to achieve its strategic goals

• Develop people-related structures, policies, and procedures

• Ensure compliance with internal policy

• Ensure compliance with relevant federal and state legislation

Why HR Management is Important to All Managers

• You want to avoid employee related mistakes

• You need to create and sustain employee engagement

• You need to maximize employee performance in order to favorably impact profitability.

Trends in Human Resources Management

Universal • Changes in workforce composition

• Increasing workforce diversity

• Increased employee expectations of employers

• Changes in societal expectations

• Infrastructural obsolescence

• Changes in the nature of work

• Market and industry 4.0

• Changes in the evaluation and valuation of talent

• ”Reskilling imperative”

• Increasing geopolitical risks

Current Context • Unprecedented turnover

• Labor shortages

• Wage pressure

• Clarity

• Tectonic shifts in employee

expectations

Functions of Human Resources Management

Staffing Job and employee lifecycle function; beginning with job development and ending with employee separation

Training & Development Socialization, training, and development for individuals and organization

Compensation/ Rewards Things that influence motivation, as well as compensation and benefits management

Administration Regulatory compliance and employee relations

The HR Management Process

Job Description Recruit

Candidates Select/Hire

Onboard/Orient Goal

Setting/Training Feedback

Development Recognition/

Rewards Promote/Leave

Metrics

Quantitative assessments used to measure the effectiveness of business practices

• Human Resources Metrics

• Compensation Metrics

• Employment Metrics

Working in Human Resources

Human Resources Specialist

• Development and support for one or more HR function

• Entry level position

• 10% projected growth

Compensation & Benefits Specialist

• Help plan and administer programs that reward employees

• 0–5 years experience needed

• 11% projected growth

Training & Development

Specialist

• Help plan, conduct, and administer programs that improve employees’ skills

• 0–5 years experience needed

• 11% projected growth

Quick Review

• The key role of HR is to ensure the right talent is selected for an organization’s strategic goals

• HR is shaped by the same trends affecting the global business market

• Staffing, Training & Development, Compensation, and Administration are the key functions of HR

• Metrics are useful to determine the impacts of human resources on an organization

• Overall, HR careers will continue to grow and be important roles in the workforce

• Continual training and development will continue to be important in human resource management career advancement