Human Resource Management

• Workplace dynamics have significantly evolved in the last decade in areas like talent identification, onboarding, and support.
• HR professionals need to be skilled in quantitative reasoning, fiscal responsibility, and understanding automation's impact, alongside core people skills.
• Top companies value employees as much as customers, recognizing that workers are essential for providing goods or services.
• Human resource management aims to attract, develop, and retain employees to meet organizational goals, fostering job satisfaction and dedication.
• Small firms with limited resources may find it challenging to attract and retain top managerial talent.
• HR responsibilities include planning for staffing needs, recruitment, training, performance evaluation, compensation and benefits decisions, and overseeing employee separation.
• HR managers aim to provide qualified, well-trained employees, maximize employee effectiveness, and satisfy individual employee needs.
• HR plans must align with the organization's overall competitive strategies.
• HR managers collaborate with other managers to predict staffing needs and determine necessary employee skills.
• Many companies now use web-based HR software for recruiting, applicant tracking, benefits administration, performance evaluation, learning management, and payroll.

Recruitment and Selection Process

• Begins with planning for current and future human resource needs.
• The initial step involves creating a human resource inventory (or skills inventory) that includes details like age, gender, education, experience, training, and specialized skills for all employees.
• Job analysis identifies job duties, requirements, and their importance.
• Job analysis includes a job description and job specifications.
• A job description outlines the job title, location, reporting structure, summary, objectives, and tasks.
• Job specifications detail the required education, experience, and physical, emotional, technical, and communication skills.
• The recruitment process varies across companies.
• Most employers have a formal process for recruitment and selection.

Employee Onboarding and Training

• Companies provide orientation, training, and evaluation to inform employees about expectations and performance.
• New hires may participate in orientation programs covering company policies, rights, and benefits.
• Orientation also imparts knowledge, skills, company norms, and behaviors for effective organizational membership.
• Employees might receive a manual detailing the company's code of ethics and conduct.
• Many companies offer extensive online resources and support for new hires.
• Automated advisors or personalized agents provide new employees with necessary information and support.