Podcast
Questions and Answers
What is the primary function of a company's strategic plan?
What is the primary function of a company's strategic plan?
During which decade did government employment legislation emphasize human rights and work conditions?
During which decade did government employment legislation emphasize human rights and work conditions?
Which HR function is classified under Transactional/Operational activities?
Which HR function is classified under Transactional/Operational activities?
What was the state of Human Resource Management in the early 1900s?
What was the state of Human Resource Management in the early 1900s?
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Which tool summarizes each department's performance contribution to strategic goals?
Which tool summarizes each department's performance contribution to strategic goals?
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What was the main focus of government employment legislation in the 1970s/1980s?
What was the main focus of government employment legislation in the 1970s/1980s?
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What is the primary focus of Transformational/Strategic knowledge management?
What is the primary focus of Transformational/Strategic knowledge management?
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In a Venture Team, which of the following is NOT typically part of the composition?
In a Venture Team, which of the following is NOT typically part of the composition?
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What is a common issue related to Labour Market as discussed in the text?
What is a common issue related to Labour Market as discussed in the text?
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What is the main purpose of Evidence-based HRM?
What is the main purpose of Evidence-based HRM?
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Which sector does NOT fall under the Tertiary/Service sector as per the Canadian employee statistics provided?
Which sector does NOT fall under the Tertiary/Service sector as per the Canadian employee statistics provided?
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What distinguishes a Cost Leadership Business Strategy from a Differentiation Business Strategy?
What distinguishes a Cost Leadership Business Strategy from a Differentiation Business Strategy?
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Study Notes
HR Management Functions
- Planning/forecasting is a key function of Human Resource Management
- Recruitment is a crucial aspect of HRM
- Training, performance, health & safety, empowerment, law, and labor relations are other essential functions of HRM
- Compensation and benefits are also a vital part of HRM
History of HRM
- In the early 1900s, employees developed distrust in management, leading to the need for HRM
- HRM was non-existent in the 1900s
- In the 1930s, legislation was enacted, including minimum wage, unemployment insurance, and union rights
- In the 1970s and 1980s, the government began passing employment legislation focusing on human rights, wages, benefits, work conditions, and health and safety
- In the 1980s and 1990s, companies started outsourcing operational HR activities
Strategic Plan
- A strategic plan matches internal strengths and weaknesses with external opportunities and threats
- It reinforces, adjusts, or redirects the organization's present culture, fostering values like customer focus, innovation, growth, and cooperation
- A strategic plan helps identify the difference between "where we are today" and "where we want to be"
- Examples of strategic planning tools include strategic maps, balanced scorecards, and dashboards
HR Activities and Processes
- Transactional/Operational HR activities include benefit administration, records, and employee services (65-75%)
- Traditional/Tactical HR activities include recruitment, training, performance, compensation, and employee relations (15-30%)
- Transformational/Strategic HR activities include knowledge management, cultural change, and management development (5-15%)
Venture Teams
- Venture teams consist of representatives from R&D, marketing, sales, manufacturing, engineering, and finance
- Venture teams drive innovation and motivation through project-based work
HR Problem Scenarios
- Scenarios include a lack of research and development, a need for greater cooperation among employees, and the need to identify, encourage, and financially support new ventures
- Another scenario is expanding the demographic customer base
Canadian Employee Statistics
- In Canada, 18.6 billion people are employed
- The primary sector employs 4% of the workforce, including mining, agriculture, fishing, and forestry
- The secondary sector employs 17% of the workforce, including manufacturing and construction
- The tertiary/service sector employs 79% of the workforce, including public administration, personal/business services, finance, trade, utilities, transportation, and communication
Organizational Culture
- Organizational culture refers to the core, widely shared values, beliefs, and assumptions that influence communication, loyalty, consistency, and norms within an organization
Environmental Influences on HRM
- Labour market issues include changes to the workforce composition and designated groups
- Diversity, equity, and inclusion (DEI) are crucial aspects of environmental influences on HRM
- Other influences include non-standard work, mental health, hostile work conditions, flexibility, and turnover
- Economic conditions, technology, government, and globalization also impact HRM
Evidence-Based HRM
- Evidence-based HRM relies on data, facts, analytics, rigor, and research
- It involves actual measurements, such as surveys to track employee satisfaction, and existing data to evaluate program implementation
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Description
Test your knowledge on the functions of HR management including planning, recruitment, training, performance evaluation, health & safety, empowerment, laws, labour relations, compensation, and benefits. Learn about the history of HR from its non-existence in the early 1900s to the development of legislation in the 1930s and onwards.