Hrm

Human Resource Management Day to Day

• A company owner named Jennifer manages all human resource management (HRM) tasks
• The text discusses the importance of HR in dealing with staffing, compensation, retention, training, and labor law and policies
• A HR manager's job is to write and develop strategic plans to ensure the right people are hired and trained for the right job at the right time
• HR responsibilities include training programs, software used to provide access to pay information, and compensation policies

What is Human Resources?

• Human resource management (HRM) involves employing, training, compensating, developing policies, and creating retention strategies for employees
• HRM has evolved from an administrative role focused on payroll and company events to a strategic role crucial for organizational success
• Every manager has some role in HRM, relating to compensation, motivation, and employee retention
• HRM encompasses staffing, which includes developing a staffing plan based on revenue expectations
• Development of policies is important to encourage multiculturalism
• Recruitment involves finding candidates, and selection includes interviews, compensation package negotiation, training, retention, and motivation

Workplace Policies

• HRM develops workplace policies with management and executives to ensure fairness and continuity
• Examples: discipline process, vacation time, dress code, ethics, and internet usage
• Compensation includes pay, health benefits, retirement plans, stock purchase plans, vacation, sick leave, bonuses, and tuition reimbursement
• Retention maintains employee motivation, including addressing issues around the job, challenges with managers, organizational culture fit, and workplace environment
• Training and development includes job skills, communication, team-building, and legal training programs

Laws Affecting Employment

• HRM must be aware of laws that affect the workplace, including discrimination, healthcare, compensation, worker safety, and labor laws
• Worker protection involves safety, chemical hazards, ventilation, fragrance zones, and employee information

Communication

• Good communication and management skills are vital for success
• HRM managers must consider external factors that impact the organization
• globalization and offshoring, changes to employment law, healthcare costs, employee expectations, workforce diversity, changing demographics, education levels, layoffs, technology, also increased use of social networking

Skills Needed for HRM

• A successful HR manager needs a broad range of professional skills, including organization, multitasking, and people skills
• Understanding job areas, employment laws, strategic planning, having a strategic mind-set, ethics, and understanding business strategy are crucial
• Certification exams such as Professional in Human Resources (PHR), Senior Professional in Human Resources (SPHR), and Global Professional in Human Resources (GPHR) are available
• A person with two years of professional experience can take the certification GPHR exam

Today's HRM Challenges

• Cost management is a key concern for businesses, HRM strategies should focus on controlling expenses while maintaining employee motivation
• shift healthcare costs to employees, reduce benefits, or negotiate better plans

Cost Savings

• Can be achieved with training, which helps prevent lawsuits, and also help foster legal compliance
• Creating cost-conscious recruiting and selection processes can help reduce turnover expenses
• Effective communications, with cost savings achieved via understanding communication styles, personality types, and channels
• Technology, virtual workforces and mobile work policies should be adopted to manage costs

The Economy

• Economic downturns require HR managers to make downsizing decisions
• HR must considers union contracts and legal restrictions
• Economic growth may require mass hiring, which requires efficient recruiting and selection processes

Workforce

• The workforce is constantly evolving, as the demographic shifts within the workforce, creating new challenges around baby boomers retirement
• Multigenerational workforce management and diversity requires understanding varying values and expectations
• Focus on the ethics, ethical workplaces are important for positive morale, ethical codes, and designing policies are key to ensure fair and legal practices are developed.