HR-Management1-2.docx

HUMAN RESOURCE MANAGEMENT ========================= The Importance of Human Resource Management ------------------------------------------- OBJECTIVES OF HUMAN RESOURCE MANAGEMENT ======================================= 1. Societal objectives 2. Organizational Objectives 3. Functional Object...

HUMAN RESOURCE MANAGEMENT ========================= The Importance of Human Resource Management ------------------------------------------- OBJECTIVES OF HUMAN RESOURCE MANAGEMENT ======================================= 1. Societal objectives 2. Organizational Objectives 3. Functional Objectives 4. Personal Objectives Essential HR Management Skills ============================== - Communication - Recruitment and talent acquisition - Employee relations - Compliance with legal requirements - Conflict management and resolution - Performance management - Strategic thinking - Analytics - Adaptability - Ethics and confidentiality STRATEGIC HUMAN RESOURCES MANAGEMENT ==================================== SHRM programs and policies includes: ------------------------------------ - Performance Management - Training and Development - Compensation and Benefits - Employee Relations IMPORTANCE OF STRATEGIC HR MANAGEMENT ===================================== - Improve employee performance - Develop the workforce - Create a positive work environment - Reduce turnover - Improve productivity 5 STEPS TO STRATEGIC HR MANAGEMENT ================================== 1. Know your company's goals and abilities 2. Forecast future needs 3. Determine the resources needed to achieve company goals 4. Execute your plan 5. Assess and pivot HUMAN RESOURCE PLANNING ======================= 1. Analyze the company\'s current employees and their offerings 2. Make predictions about future changes to current employees - Supply Forecasting - Demand Forecasting 3. Conduct a gap analysis to determine new hiring needs and other factors 4. Integrate your HR plan into the organization TOOLS FOR HUMAN RESOURCE PLANNING ================================= - Surveys - HR dashboards - Performance Management System - Human Resource Management Systems (HRIS) - Compensation and benefits analysis software