Human Resource Management. Lecture 1

1. Human Resource Management

Lecture 1

2. Determination of the terms Human Resources and Human Resources Management.

•Human resource is thought of as “the total knowledge,
skills, creative abilities, talents and aptitudes of an
organizations workforce, as well as the value and attitudes of
an individual involved. It is the sum total of inherent
abilities, acquired knowledge and skills represented by the
talents and aptitudes of the employed persons”.

3.

"I emphasize this - no matter how good or
successful you are or how clever or crafty, your
business and its future are in the hands of the
people you hire".
--- Akio Morita (Late) (Businessman and co-founder
of Sony Corporation. Japan )

4.

1. Financial Resources

5.

2. Material Resources

6.

3. Information Resources

7.

4. Time Resources

8.

5. Environmental Resourc

9.

6. Human Resources

10. What is a Management?

Management is a combination of the process of
planning, organizing, directing, and controlling
resources in pursuit of organizational goals.
Management is the process undertaken by one or
more individuals to coordinate the activities of others
to achieve results not achievable by one individual
acting alone.
“The work of management is to make people
productive” Peter Drucker.
“Management is getting things done through other
people” Behavioral School.

11. FIGURE 1-1. THE MANAGERIAL PROCESS.

Resources:
Human
Planning
Organizing
Directing
Controlling
Goal
Financial
Achievements
Material
Informational
Time
Environmental
MANAGEMENT
FUNCTIONS

12. HRM definition

HRM is basically the management of
people for effectiveness of organization. It
may be defined as a planed process of
acquiring, developing, motivating and
maintaining the employees as core
resources of the organization for the most
effective realization of common goals.

13. HRM Functions and Activities

Planning for Human Resource needs
Staffing the organization’s personnel needs
Appraising and compensating employee behavior
Improving employees and the work environment
Establishing and maintaining effective working relationships

14. LAB 1

Create your CV (Resume)
Submit it to
[email protected]
Deadline:
Time: 18:00
Date: 04.02.2024

15.

16.

17. The Challenges for Human Resource Management

There are three basic aspects of HRM’s challenges:
environmental, organizational, and individual
Environmental Challenges:
Rapid change
Work force diversity
Globalization
Legislation
Skill shortages and the rise of the service sector

18. The Challenges for Human Resource Management (cont.)

Organizational Challenges
Competitive position: costs, quality. Distinctive
capability
Decentralization
Downsizing
Organizational restructuring
Self-managed work team
Small businesses
Organizational culture
Technology
Outsourcing

19. The Challenges for Human Resource Management (cont.)

Individual Challenges
Matching people and organization
Ethical dilemmas and social responsibility
Productivity
Empowerment
Brain drain
Job insecurity

20.

21. Companies can take certain steps to foster an effective partnership between managers and HR department.

Analyze the people side of productivity rather than depend
solely on technical solutions to problems.
View HR professionals as internal consultants who can provide
valuable advice and support that improve the management
of operations.
Actively involve top corporate and divisional managers in
formulating, implementing, and reviewing all HR plans and
strategies in close collaboration with the HR department.
Require senior HR executives to participate on an equal basis
with other key managers from the various functional areas(
marketing, finance) involved in charting the enterprise’s
strategic direction.