What is Human Resource Management?

GreggU
14 Jan 201901:49

Summary

TLDRHuman Resource Management (HRM) is central to an organization's success, functioning like a pinwheel with eight key areas: HR Strategy and Planning, Compliance, Talent Management, Training and Development, Performance Management, Total Rewards, Safety and Health, and Employee and Labor Relations. These areas work together to attract, develop, and retain a productive workforce, ensuring organizational goals are met while maintaining a safe and compliant work environment.

Takeaways

  • 📈 Human Resource Management (HRM) is a structured approach to managing employees within an organization.
  • 🌀 HRM functions like a pinwheel, with the management of people at the core and eight key areas radiating from it.
  • 🎯 HR Strategy and Planning is about aligning HR goals with the organization's overall objectives.
  • 📋 Compliance involves adhering to federal, state, and local regulations in employee management.
  • 🌟 Talent Management encompasses processes to attract, motivate, and retain top talent.
  • 🏫 Training and Development focuses on enhancing employee skills and performance through education and training.
  • 📊 Performance Management ensures that employee work aligns with and contributes to the organization's mission.
  • 💰 Total Rewards include both financial and non-financial incentives to attract and retain employees.
  • 🛡️ Safety and Health prioritizes the well-being, security, and welfare of employees in the workplace.
  • 🤝 Employee and Labor Relations deals with fostering positive relationships between employees and the organization.

Q & A

  • What is Human Resource Management?

    -Human Resource Management (HRM) refers to the formal systems designed to manage people in an organization.

  • How is Human Resource Management described in the script?

    -In the script, HRM is likened to a pinwheel, with the management of people at the center and eight functional areas radiating from it.

  • What are the eight functional areas of Human Resource work mentioned in the script?

    -The eight functional areas are Human Resource Strategy and Planning, Compliance, Talent Management, Training and Development, Performance Management, Total Rewards, Safety and Health, and Employee and Labor Relations.

  • What is the role of Human Resource Strategy and Planning?

    -Human Resource Strategy and Planning identifies and manages current and future needs to achieve organizational goals.

  • What does Compliance involve in HRM?

    -Compliance involves doing what is required by federal, state, and local government regulations in the management of people.

  • Can you explain the concept of Talent Management in HRM?

    -Talent Management involves integrative processes to attract, motivate, and retain productive and engaged employees.

  • What is the purpose of Training and Development in an organization?

    -Training and Development aims to improve people and performance through the provision of useful information.

  • How is Performance Management defined in the script?

    -Performance Management is described as the processes used to ensure the organization connects its mission with the work of its employees.

  • What are Total Rewards in the context of HRM?

    -Total Rewards are the financial and non-financial incentives used to attract, motivate, and retain employees.

  • Why is Safety and Health important in HRM?

    -Safety and Health is crucial for ensuring the welfare, security, and well-being of people at work.

  • What does Employee and Labor Relations focus on?

    -Employee and Labor Relations focuses on the relationships between employees, the organization, and amongst each other.

  • How should the Human Resource model help in understanding HRM's role in organizations?

    -The Human Resource model should provide context to understand and apply the significant role of HRM in managing and developing human capital in today's organizations.

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Related Tags
HR StrategyComplianceTalent AttractionEmployee EngagementPerformance MetricsReward SystemsWorkplace SafetyLabor RelationsHR PlanningHR Development