Unit 3 Session 3.pptx

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 3 : Strategic Human Resource Management (Part I) Human Resource Management Strategic Human Resource Management Learning Objectives: • Trends • Companies Nee...

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 3 : Strategic Human Resource Management (Part I) Human Resource Management Strategic Human Resource Management Learning Objectives: • Trends • Companies Need • Expectations from the HR Team • HR, Organizational Culture and Productivity • HR APPROACHES TO IMPROVING PRODUCTIVITY Human Resource Management Strategic Human Resource Management Trends • Globalization • Increased competition • Deregulation and increased indebtedness • Technological innovation • More high-tech jobs • More service jobs Human Resource Management Strategic Human Resource Management More knowledge work An aging workforce Dramatic economic downturn in 2007-08 Slower economic growth in many countries • Pandemic-Hybrid work environment • • • • Human Resource Management Strategic Human Resource Management Companies must be • More competitive • Faster and more responsive • Human-capital oriented • Quality conscious • Downsized • Organized flatter • Leaner • More scientific in how they make decisions Human Resource Management Strategic Human Resource Management Employers expect from HR team • Focus more on big picture helping companies to achieve strategic goals • Find new ways to provide transactional services • Create high performance work systems • Take steps to help employer better manage challenging times • Manage ethically Human Resource Management More competitive Faster and more responsive Human-capital oriented Quality conscious Downsized Organized flatter Leaner More scientific in how they make decisions Employers expect from HR team Globalization Increased competition Deregulation and increased indebtedness Technological innovation More high-tech jobs More service jobs More knowledge work An aging workforce Dramatic economic downturn in 2007-08 Slower economic growth in many countries Pandemic-Hybrid work environment companies must be Trends Strategic Human Resource Management Focus more on big picture helping companies to achieve strategic goals Find new ways to provide transactional services Create high performance work systems Take steps to help employer better manage challenging times Manage ethically Human Resource Management Strategic Human Resource Management HR Management has a Contributing Role towards building the organizational culture and enhancing the organizational productivity. Human Resource Management Strategic Human Resource Management Organizational Culture refers to the shared values and beliefs in an organization, the internal “climate” of the organization. It positively affects service and quality, productivity, and financial results. Also, organizational Culture is affected by differences in the cultural dimensions of the employees. Productivity is a measure of the quantity and quality of work done, considering the cost of the resources used. A measure of HR productivity computed by dividing the average cost of workers by their average levels of output is known as Unit Labor Cost. Human Resource Management Strategic Human Resource Management HR APPROACHES TO IMPROVING PRODUCTIVITY Organization Restructuring -Revising Organizational Structure -Reducing Staff-Aiding in mergers and acquisitions Redesigning Work -Changing Workloads and Combining Jobs -Reshaping Jobs because of technology changes Goals -Increase Organizational Productivity -Reduce unit Labor Costs Aligning HR Activities -Attracting and retaining employees -Training, developing, and evaluating employees, -compensating employees and other HR Activities Outsourcing Analysis -Using domestic vendors/Contractors instead of employees -Outsourcing operations internationally Online MBA Semester 1 Managerial Economics (OMBA102) All The Best