LAS 111 Strategic Human Resource Management - Master Notes PDF

LAS 111 (Strategic Human Resource Management) - Master Notes Professor: Robbie Lizares MODULE 1 HOW IS ORGANIZATIONAL BEHAVIOUR CONNECTED WITH HR MANAGEMENT: WHAT I...

LAS 111 (Strategic Human Resource Management) - Master Notes Professor: Robbie Lizares MODULE 1 HOW IS ORGANIZATIONAL BEHAVIOUR CONNECTED WITH HR MANAGEMENT: WHAT IS AN ORGANIZATION (CCSGT): 1. Overall HR Management Collection of individuals (Decision-making): that form a Coordinated system a. strategic and operational of Specialized activities decisions made by HR leaders to To Achieve certain goals align human resources with the Over some extended people of time organization’s goals 2. Organization Design and Talent 3 MAIN FUNCTIONS OF A BUSINESS: Acquisition: Marketing and Sales a. Structuring the organization in a Operations way that facilitates effective Finance communication and workflow b. Includes the processes for WHY IS HR MANAGEMENT IMPORTANT: recruiting, sourcing, and hiring People are at the heart of organization the best talent to fit the ○ Organizations of any size are organizational structure. comprised of people 3. Talent Development and ○ Competitive advantages needs Performance Management: to be driven by people a. nurturing employees' skills and ○ Despite having a common goal abilities through training and people, people may have professional development different opinions of how to programs. each that goal, people may have b. includes setting goals, different opinions of how to conducting evaluations, and reach that goal providing feedback to ensure employees contribute effectively ORGANIZATIONAL BEHAVIOUR to the company's success. Actions of individuals and groups in an 4. Total Rewards (Motivation, Work-life organizational context Balance): a. encompass both financial and non-financial compensation offered to employees, including salaries, bonuses, benefits, and work-life balance initiatives like flexible working hours or wellness programs that motivate and retain talent. 5. Employee Engagement: a. This refers to creating a work environment that fosters commitment and emotional investment from employees.  LAS 111 (Strategic Human Resource Management) - Master Notes Professor: Robbie Lizares 6. Change and Global HR Management COMPETITIVE ADVANTAGE OF HUMAN (Organizational Culture): CAPITAL: a. managing change within the 1. Value organization, including mergers, a. The extent to which individuals acquisitions, or restructuring, are capable of producing work and aligning HR practices across that supports an organization’s global operations. It also strategy for competing in the includes promoting and marketplace maintaining an organizational b. They can do the job period. culture that supports these c. EX. a restaurant needs chefs, changes and adapts to the waiting staff, receptionist diverse global workforce. PERIOD 2. Rareness a. Extent to which the skills and BRINGING OUT THE BEST IN PEOPLE = talents of an organization’s Maximizing Human Capital people are unique in the industry PIXAR AND PEOPLE: b. What uniqueness will they bring Recruit people who communicate well to the company? What makes ○ Org design & talent acquisition them special? Leaders build teams and encourage c. EX. Not all chefs may be the participation same same level of skills and ○ Org design & talent acquisition knowledge; or not all chefs may ○ Employee Engagement have the same positive work Culture of creativity openness attitudes ○ Employee Engagement d. BUT people can imitate it if they Keeping Talent: