Intro to Human Resource Management

Human Resource Management (HRM) is the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns, which is an essential part of the management process.

The current trends in workforce demographics include an increasing number of women, minority group members, and older workers joining the corporate structure, with millennials or Generation Y making up a significant portion of the workforce.

Millennials bring a vast array of skills and unique adaptations to online advancement and innovation to the workforce.

<p>A manager is someone who is responsible for accomplishing the organization's goals, and who does so by managing the efforts of the organization's people.</p> Signup and view all the answers

<p>Important trends influencing Human Resource Management include changes in workforce demographics, trends in how people work, and the need for more diverse and inclusive workplaces.</p> Signup and view all the answers

<p>Important competencies for Human Resource Managers include acquiring, training, appraising, and compensating employees, as well as attending to their labor relations, health and safety, and fairness concerns.</p> Signup and view all the answers

<p>On-Demand Workers</p> Signup and view all the answers

<p>Globalization</p> Signup and view all the answers

<p>Not specified in the text, but mastery of these technologies is crucial for HR professionals</p> Signup and view all the answers

<p>To (1) avoid personnel mistakes, (2) improve profits and performance, (3) enhance their future career path in HR, and (4) be an HR Manager for small businesses</p> Signup and view all the answers

<p>Recession, government regulations, buying power of consumers, and a country's financial capacity</p> Signup and view all the answers

<p>Globalization supports a growing global economy, tapping both the Gross National Product and Gross Domestic Product of countries</p> Signup and view all the answers

<p>Employee engagement is the extent to which an organization's employees are psychologically involved in, connected to, and committed to getting their jobs done. It is important because it drives good employee performance.</p> Signup and view all the answers

<p>The three levers are (1) HR department lever, (2) employee costs lever, and (3) strategic results lever.</p> Signup and view all the answers

<p>HR managers should possess behaviors and competencies such as Leadership and Navigation, Ethical Practice, Business Acumen, Relationship Management, Consultation, Critical Evaluation, Global and Cultural Effectiveness, and Communication.</p> Signup and view all the answers

<p>The functional area is Talent Acquisition and Retention.</p> Signup and view all the answers

<p>It is important to study Human Resource Management because it enables organizations to manage their human capital effectively, leading to improved organizational performance and success.</p> Signup and view all the answers

<p>The functional area is Total Rewards.</p> Signup and view all the answers