Lecture 2 – Intro to HRM PDF

Lecture 2 – Intro to HRM Organizational Culture HRM in a Changing World Organizational Culture & HRM  Organizational Culture - “refers to shared, “taken-for-granted” Organizational assumptions that members of an Culture...

Lecture 2 – Intro to HRM Organizational Culture HRM in a Changing World Organizational Culture & HRM  Organizational Culture - “refers to shared, “taken-for-granted” Organizational assumptions that members of an Culture organization have that Matters affect the way they act, think, and perceive their environment”  Types of Organizational Culture Clan Cultures are collaboration oriented and characterized by valuing being cohesive, people oriented, team players, and empowering employees. Adhocracy cultures focus on creating and emphasize being entrepreneurial, being flexible, taking risks, and being creative. Market cultures are characterized by competition and value being aggressive, competitive, and customer oriented. Hierarchy cultures focus on controlling and “value being efficient, timely, and consistent. HRM & Organizational Culture “there is a close connection between company culture and HR practices adopted, and in turn, the HR practices adopted will influence and shape the culture into the future.” “the HR practices in use will shape a company’s culture. ” HRM in a Changing World  The POLITICAL and ECONOMIC environment; The context in which HRM SOCIAL and DEMOGRAPHIC trends; Operates INFORMATION TECHNOLOGY; The CHANGING Context of HRM Demographics are Changing Trends in Job People Do Shift from Manufacturing to Service Industry On-demand Workers Human Capital – “high tech”  Veterans Generation X Social & Demographic Generation Y Trends Generation Z ? Challenge to HR The GIG Economy is Changing “A gig economy is characterized by the prevalence of temporary employment positions, and individuals are employed as independent workers rather than actual employees of an organization. And a gig is defined as a single project or task that a worker is hired to do on demand.” Globalization is increasing Globalization refers to companies extending their sales, ownership, and/or manufacturing to new markets abroad. Evolving economic and political philosophies drove this boom. Governments dropped cross-border taxes or tariffs, formed economic free trade areas, and took other steps to encourage the free flow of trade among countries. At the same time, globalization vastly increased international competition. Technology is Rapidly Evolving Technology is changing human resource management in two main ways. First, technological change is affecting the nature of jobs. Second, technology is changing how employers get human resource management tasks done. In one survey 41% of companies were designing mobile apps to deliver human resource management services, and about a third were using artificial intelligence. Technologies being used in HRM Social Media Tools Mobile Applications Websites – gaming applications Cloud Computing Data Analytics Artificial Intelligence Augmented Reality Economic Trends Labor Force Trends Unbalanced Labor Force Trends  BIG DATA refers to data that are large in volume, variety, and velocity. Technology has allowed for greater and Availability greater computing power, and the Internet has generated so much data that recent estimates are that Amazon, Facebook, Google, and of Data is Microsoft stored at least 1,200 petabytes among them in 2013 alone. A petabyte is 1 million gigabytes. Increasing Every second, there are over 8,000 tweets, nearly 1,000 Instagram photos uploaded, over 1,500 Tumblr posts, 3,600 Skype calls, over 72,000 Google search queries, and 2.8 million e-mails sent. These numbers continue to grow over time.” Ethical Challenges and Corporate Social Responsibility Business Ethics is a system of principles that govern how businesses operate, how decisions are made, and how people are treated. It includes the conduct of individual employees as well as the entire organization. ” Current Issues in HRM Added Value Knowledge Talent Knowledge Corporate Workers Management Management Responsibility  Top Management Teams “The top members of the organizational team, such as the CEO, top management team, and/or owner of the organization, set the tone for HR and how much or how little human capital is valued. They also set the Who is involved tone for how much HRM is valued as a strategic function to enhance the organization’s effectiveness.” in HRM? HR Managers “An HR manager is someone who oversees the personnel department or HR functions within a group. ” Line Managers HR Competencies