Podcast
Questions and Answers
What was the main focus of F.W.Taylor's scientific management principles?
What was the main focus of F.W.Taylor's scientific management principles?
What was the outcome of the Hawthorne studies?
What was the outcome of the Hawthorne studies?
When did the HRM era begin?
When did the HRM era begin?
What was the main contribution of Peter F. Drucker to HRM?
What was the main contribution of Peter F. Drucker to HRM?
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What was the outcome of the labor relations movement in the US?
What was the outcome of the labor relations movement in the US?
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What was the main focus of Elton Mayo and Fritz Roethlisberger's studies?
What was the main focus of Elton Mayo and Fritz Roethlisberger's studies?
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What was the outcome of the Industrial Revolution?
What was the outcome of the Industrial Revolution?
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What was the role of personnel departments during the 1920-1950 period?
What was the role of personnel departments during the 1920-1950 period?
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What is the primary focus of Human Resource Management?
What is the primary focus of Human Resource Management?
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What is one of the key differences between Human Resource Management and traditional personnel management?
What is one of the key differences between Human Resource Management and traditional personnel management?
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What is the outcome of high performance HRM policies and practices?
What is the outcome of high performance HRM policies and practices?
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What is one of the activities involved in Human Resources Management?
What is one of the activities involved in Human Resources Management?
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What is the primary objective of Human Resource Management in terms of employees?
What is the primary objective of Human Resource Management in terms of employees?
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What is the term used to describe a company's final result, such as net profit after taxes?
What is the term used to describe a company's final result, such as net profit after taxes?
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Who are two of the early management pioneers that contributed to the development of Human Resource Management?
Who are two of the early management pioneers that contributed to the development of Human Resource Management?
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What is one of the key aspects of Human Resource Management in terms of organizational goals?
What is one of the key aspects of Human Resource Management in terms of organizational goals?
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Study Notes
Human Resource Management (HRM)
- HRM involves the productive use of people to achieve organizational objectives and satisfy individual employee needs.
- It ensures effective and efficient use of human talent to accomplish organizational goals.
- HRM encompasses all management decisions and activities that affect or influence the people of the organization.
Key Activities in HRM
- Analyzing a company's competitive environment
- Designing jobs to implement a firm's strategy
- Identifying, recruiting, and selecting the right people
- Training, motivating, and appraising employees
- Developing competitive compensation policies
- Grooming employees for future leadership roles
Comparison of HRM Functions
- HRM differs from traditional personnel management
- Personnel management is narrower and more clerically oriented than HRM
- HRM contributes to the bottom line (net profit after taxes)
Evolution of HRM
- The history of HRM development dates back to the early management pioneers, Robert Owen and Charles Babbage
- HRM evolution can be explained through the following periods:
- Early scientific management
- Scientific management
- Human relations movement
- The new HRM era
Periods of HRM Evolution
Early Scientific Management
- Originated in the beginning of the 18th century
- Labor was treated as a commodity to be bought or sold
- Strict system of punctuality and rigorous working rules
Scientific Management
- Invented by F.W. Taylor in the 19th century
- Focused on maximizing productivity and minimizing inefficiencies
- Gave less importance to humanization of workplaces
Human Relations Movement
- Investigated by Elton Mayo and Fritz Roethlisberger
- The Hawthorne studies (1927-1932) laid the foundation for the human relations movement
- Emphasized the importance of human elements in rising productivity
The New HRM Era
- Began in the 1950s
- Comprises:
- The work of pioneers (e.g., Peter F. Drucker and Douglas McGregor)
- Human capital concepts
- Concept of corporate culture
- The new HRM
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Description
Learn about the fundamentals of Human Resource Management, including its role in achieving organizational goals and satisfying individual employee needs.
