This is our revision session on
HRM
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–1
George R.Bell BscEcon.,BAOPEN
Hons.,Msc., MCMI,MIBC,FRSA,FHEA.
HRM
• What are HR Functions?
What is HRM all about.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–2
Introduction to HRM
What is human resource management and why it’s
important to all managers.
• HRM activities such as hiring, training, appraising,
compensating, and developing employees are part of every
manager’s job.
• But we need to understand that HRM is also a separate
function, usually with its own human resource or “HR”
manager.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–3
Todays Tutorial
Your tutorial to day is a revision session so make sure you
have got copies of the revision notes 1&2 I put on www.-
uwcentre.ac.cn/hhu
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
Fall 2008 Management 412 / Intro to HRM
Page 5
HR Functions: What We Looked At
Reward
Systems
Legal
Compliance
Staffing
Planning
Training
and
Development
Employee and
Labor Relations
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–6
1. You should be able to :
2. Explain what human resource management is and how it
relates to the management process.
3. Show with examples why human resource management is
important to all managers.
4. Illustrate the human resources responsibilities of line and
staff (HR) managers.
5. Define and give examples of evidence-based human
resource management.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–7
Human Resource Management at Work -
defining our terms
• What Is Human Resource Management (HRM)?
 The process of acquiring, training, appraising, and compensating
employees, and of attending to their labor relations, health and safety,
and fairness concerns.
• Organization
 People with formally assigned roles who work together to achieve the
organization’s goals.
• Manager
 The person responsible for accomplishing the organization’s goals, and
who does so by managing the efforts of the organization’s people.
What does HRM involve ?
• Most experts agree that in general management involves five
functions: planning, organizing, staffing, leading, and controlling.
• In total, these functions represent the management process.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–8
What about HRM Processes ?
• Line managers are involved daily with many of the
personnel aspects of HRM in accomplishing the
organization’s goals, and managing the efforts of the
organization’s people.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–9
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–10
The Management Process
Planning
Organizing
Leading Staffing
Controlling
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–11
Human Resource Management Processes
Acquisition
Training
Appraisal
Compensation
Labor Relations
Health and Safety
Fairness
Human
Resource
Management
(HRM)
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–12
Personnel Aspects of a Manager’s Job
• Conducting job analyses
• Planning labor needs and recruiting job candidates
• Selecting job candidates
• Orienting and training new employees
• Managing wages and salaries
• Providing incentives and benefits
• Appraising performance
• Communicating
• Training and developing managers
• Building employee commitment
HR Mistakes
• Why are the concepts and techniques of HRM important to
all managers?
• Perhaps it’s easier to answer this by listing some of the
personnel mistakes you don’t want to make while managing.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–13
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–14
Personnel Mistakes
• Hire the wrong person for the job
• Experience high turnover
• Have your people not doing their best
• Waste time with useless interviews
• Have your firm in court because of discriminatory actions
Mistakes
• Have your firm cited by regulatory bodies [by OSHA
/HASA in UK] for unsafe practices
• Have some employees think their salaries are unfair and
inequitable relative to others in the organization
• Allow a lack of training to undermine your department’s
effectiveness
• Commit any unfair labor practices i.e breach relevant
regulatory requirements .
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
Getting it Right
• Hiring the right people for the right jobs and motivating,
appraising, and developing them will likely get the
results you are seeking.
• Remember that success Sustainable Competitive
Advantage SCA is more likely to come through good
people management
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–16
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–17
Basic HR Concepts
• The bottom line of managing:
Getting results
• HR creates value by engaging in activities that
produce the employee behaviors that the
organization needs to achieve its strategic
goals.
• Looking ahead: Using evidence-based HRM
to measure the value of HR activities in
achieving those goals.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–18
Line and Staff Aspects of HRM
• Line Manager
 Is authorized (has line authority) to direct the work of
subordinates and is responsible for accomplishing the
organization’s tasks.
• Staff Manager
 Assists and advises line managers.
 Has functional authority to coordinate personnel activities and
enforce organization policies.
HR MANAGERS
• An HR manager directs the activities of the people in the
HR department, coordinates organizational-wide
personnel activities and provides HRM assistance and
advice to line managers.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–19
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–20
Human Resource Managers’ Duties
Line Function
Line Authority
Implied Authority
Staff Functions
Staff Authority
Innovator/Advocacy
Functions of
HR Managers
Coordinative
Function
Functional Authority
Human Resources Organization
• The size of the human resource department reflects the
size of the employer.
• For a very large employer, an organization chart like the
one in Figure 1-1 that follows would be typical, containing
a full complement of specialists for each HR function.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–21
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–22
FIGURE 1–1 Human Resources Organization Chart for a Large Organization
Small organisations
• The HR team for a small firm may contain just five or six
(or fewer) staff, and have an organization similar to that in
Figure 1-2. which follows. There is generally about one
human resource employee per 100 company employees.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–23
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–24
FIGURE 1–2 Human Resources Organization Chart for a Small Company
There are also HRM Specialists
• Recruiters search for qualified job applicants.
• In the USA Equal employment opportunity (EEO)
coordinators investigate and resolve EEO grievances;
examine organizational practices for potential violations;
and compile and submit EEO reports.
• Job analysts collect and examine information about jobs
to prepare job descriptions.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–25
HRM
• Compensation managers develop compensation plans
and handle the employee benefits program.
• Training specialists plan, organize, and direct training
activities.
• Labor relations specialists advise management on all
aspects of union–management relations.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–27
Human Resource Specialties
Recruiter
EEO coordinator
Labor relations
specialist
Training specialist Job analyst
Compensation
manager
Human
Resource
Specialties
Current trends shaping HR
• Some trends shaping human resource management practices
include globalization, technology, deregulation, debt or
“leverage,” changes in demographics and the nature of work,
and economic challenges.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–28
Trends
• Trends shaping HRM are summarized in Figure 1-4.which
follows.
• Technology has also had a huge impact on how people work,
and on the skills and training today’s workers need. Jobs are
becoming more high tech, less-labor intensive, and require
more knowledge and higher skill levels (human capital).
• Demographic trends are making finding, hiring, and supervising
employees more challenging.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–30
Trends Shaping Human Resource
Management
Globalization
and Competition
Trends
Technological
Trends
Indebtedness
(“Leverage”) and
Deregulation
Trends in the
Nature of Work
Workforce and
Demographic
Trends
Economic
Challenges and
Trends
Trends in HR
Management
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–31
Workforce and Demographic Trends
Demographic Trends
Generation “Y”
Retirees
Nontraditional Workers
Trends Affecting
Human Resources
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–32
Important Trends in HRM
The New HR
Managers
High-Performance
Work Systems
Strategic
HRM
Evidence-Based
HRM
Managing
Ethics
HR
Certification
Human
Resource
Management
Trends
HR Mangers strategic planning role
• HR managers can play big roles in strategic planning and
management by helping the top managers in devising
functional and departmental plans that support the
organization’s overall strategic plan, and then assisting in
execution of the plans.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–33
HPWS
• A high-performance work system is a set of HRM policies
and practices that together produce superior employee
performance
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–34
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–35
High-Performance Work Systems
• Increase productivity and performance by:
 Recruiting, screening and hiring more effectively
 Providing more and better training
 Paying higher wages
 Providing a safer work environment
 Linking pay to performance
Ethical Implications
• Every line manager or human resource manager needs to
keep in mind the ethical implications of his or her employee-
related decisions.
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–36
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–37
Managing Ethics
• Ethics
 Standards that someone uses to decide what
his or her conduct should be
• HRM-related Ethical Issues
 Workplace safety
 Security of employee records
 Employee theft
 Affirmative action
 Comparable work
 Employee privacy rights
Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–38
Basic Themes of HRM
• HRM is the responsibility of every manager.
• The workforce is becoming increasingly
diverse.
• Current economic challenges require that HR managers
develop new and better skills to effectively and efficiently
deliver and manage HR services.
• The intensely competitive nature of business today means
human resource managers must defend their plans and
contributions in measurable terms.
Fall 2008 Management 412 / Intro to HRM
Page 39
Lets reflect on HRM
• Two questions:
 Does it matter?
 Why does it matter?
• What is HRM?
 Organization’s methods and procedures for managing
people to enhance skills and motivation
 Activities to enhance the organization’s ability to attract,
select, retain and motivate people
Fall 2008 Management 412 / Intro to HRM
Page 40
Outsourcing HR
• Would it just make more sense to outsource HR functions?
• Many organizations are doing just this
 Recordkeeping and administrative, perhaps
 Basic functions…..
Sources: Caudron (2003); Stewart & Woods (1996); Zimmerman (April 2001)
Fall 2008 Management 412 / Intro to HRM
Page 41
Human Resources and Competitive
Advantage
• The basic idea: establishing and maintaining
competitive advantage through people.
• Competitive advantage:
 Valuable, rare, inimitable, nonsubstitutable- VIRN
 Achieved not through strategy, but strategy
implementation
Source: Pfeffer (1994, 1998)
Fall 2008 Management 412 / Intro to HRM
Page 42
Traditional Sources [non HR] of
Competitive Advantage…and Where
They’ve Gone
• Product and process technology
 Technological innovations make innovation easier and faster
 Development and manufacturing technology freely available
• Protected and regulated markets
 Move to global economy
 Deregulation
• Access to financial resources
 Global capital market
 Venture capital
• Economies of scale
 Fragmented markets
 Less important with advances in technology
• So, what’s left…people
Source: Pfeffer (1994, 1998)
Fall 2008 Management 412 / Intro to HRM
Page 43
Competitive Advantage Through
People
• Viewing the work force as an asset, not an
expense
• The result:
 Harder work, from increased involvement and
commitment
 Smarter work, through enhanced skills and competence
 Lower overhead, by pushing responsibility downward
• High performance work systems
Source: Pfeffer (1994, 1998)
Fall 2008 Management 412 / Intro to HRM
Page 44
Aligning Strategy and HR
• Determine the firm’s strategy
• Determine the competencies needed to carry out
the strategy
• Examine current management practices
• Determine congruence
 Do the current practices work to enhance needed
competencies?
 Are the current practices internally consistent?
Source: Pfeffer (1998)
Fall 2008 Management 412 / Intro to HRM
Page 45
HR Functions:Think of the juggler !
Reward
Systems
Legal
Compliance
Staffing
Planning
Training
and
Development
Employee and
Labor Relations

10040365.ppt

  • 1.
    This is ourrevision session on HRM Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–1 George R.Bell BscEcon.,BAOPEN Hons.,Msc., MCMI,MIBC,FRSA,FHEA.
  • 2.
    HRM • What areHR Functions? What is HRM all about. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–2
  • 3.
    Introduction to HRM Whatis human resource management and why it’s important to all managers. • HRM activities such as hiring, training, appraising, compensating, and developing employees are part of every manager’s job. • But we need to understand that HRM is also a separate function, usually with its own human resource or “HR” manager. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–3
  • 4.
    Todays Tutorial Your tutorialto day is a revision session so make sure you have got copies of the revision notes 1&2 I put on www.- uwcentre.ac.cn/hhu Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • 5.
    Fall 2008 Management412 / Intro to HRM Page 5 HR Functions: What We Looked At Reward Systems Legal Compliance Staffing Planning Training and Development Employee and Labor Relations
  • 6.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–6 1. You should be able to : 2. Explain what human resource management is and how it relates to the management process. 3. Show with examples why human resource management is important to all managers. 4. Illustrate the human resources responsibilities of line and staff (HR) managers. 5. Define and give examples of evidence-based human resource management.
  • 7.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–7 Human Resource Management at Work - defining our terms • What Is Human Resource Management (HRM)?  The process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns. • Organization  People with formally assigned roles who work together to achieve the organization’s goals. • Manager  The person responsible for accomplishing the organization’s goals, and who does so by managing the efforts of the organization’s people.
  • 8.
    What does HRMinvolve ? • Most experts agree that in general management involves five functions: planning, organizing, staffing, leading, and controlling. • In total, these functions represent the management process. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–8
  • 9.
    What about HRMProcesses ? • Line managers are involved daily with many of the personnel aspects of HRM in accomplishing the organization’s goals, and managing the efforts of the organization’s people. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–9
  • 10.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–10 The Management Process Planning Organizing Leading Staffing Controlling
  • 11.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–11 Human Resource Management Processes Acquisition Training Appraisal Compensation Labor Relations Health and Safety Fairness Human Resource Management (HRM)
  • 12.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–12 Personnel Aspects of a Manager’s Job • Conducting job analyses • Planning labor needs and recruiting job candidates • Selecting job candidates • Orienting and training new employees • Managing wages and salaries • Providing incentives and benefits • Appraising performance • Communicating • Training and developing managers • Building employee commitment
  • 13.
    HR Mistakes • Whyare the concepts and techniques of HRM important to all managers? • Perhaps it’s easier to answer this by listing some of the personnel mistakes you don’t want to make while managing. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–13
  • 14.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–14 Personnel Mistakes • Hire the wrong person for the job • Experience high turnover • Have your people not doing their best • Waste time with useless interviews • Have your firm in court because of discriminatory actions
  • 15.
    Mistakes • Have yourfirm cited by regulatory bodies [by OSHA /HASA in UK] for unsafe practices • Have some employees think their salaries are unfair and inequitable relative to others in the organization • Allow a lack of training to undermine your department’s effectiveness • Commit any unfair labor practices i.e breach relevant regulatory requirements . Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • 16.
    Getting it Right •Hiring the right people for the right jobs and motivating, appraising, and developing them will likely get the results you are seeking. • Remember that success Sustainable Competitive Advantage SCA is more likely to come through good people management Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–16
  • 17.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–17 Basic HR Concepts • The bottom line of managing: Getting results • HR creates value by engaging in activities that produce the employee behaviors that the organization needs to achieve its strategic goals. • Looking ahead: Using evidence-based HRM to measure the value of HR activities in achieving those goals.
  • 18.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–18 Line and Staff Aspects of HRM • Line Manager  Is authorized (has line authority) to direct the work of subordinates and is responsible for accomplishing the organization’s tasks. • Staff Manager  Assists and advises line managers.  Has functional authority to coordinate personnel activities and enforce organization policies.
  • 19.
    HR MANAGERS • AnHR manager directs the activities of the people in the HR department, coordinates organizational-wide personnel activities and provides HRM assistance and advice to line managers. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–19
  • 20.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–20 Human Resource Managers’ Duties Line Function Line Authority Implied Authority Staff Functions Staff Authority Innovator/Advocacy Functions of HR Managers Coordinative Function Functional Authority
  • 21.
    Human Resources Organization •The size of the human resource department reflects the size of the employer. • For a very large employer, an organization chart like the one in Figure 1-1 that follows would be typical, containing a full complement of specialists for each HR function. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–21
  • 22.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–22 FIGURE 1–1 Human Resources Organization Chart for a Large Organization
  • 23.
    Small organisations • TheHR team for a small firm may contain just five or six (or fewer) staff, and have an organization similar to that in Figure 1-2. which follows. There is generally about one human resource employee per 100 company employees. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–23
  • 24.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–24 FIGURE 1–2 Human Resources Organization Chart for a Small Company
  • 25.
    There are alsoHRM Specialists • Recruiters search for qualified job applicants. • In the USA Equal employment opportunity (EEO) coordinators investigate and resolve EEO grievances; examine organizational practices for potential violations; and compile and submit EEO reports. • Job analysts collect and examine information about jobs to prepare job descriptions. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–25
  • 26.
    HRM • Compensation managersdevelop compensation plans and handle the employee benefits program. • Training specialists plan, organize, and direct training activities. • Labor relations specialists advise management on all aspects of union–management relations. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • 27.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–27 Human Resource Specialties Recruiter EEO coordinator Labor relations specialist Training specialist Job analyst Compensation manager Human Resource Specialties
  • 28.
    Current trends shapingHR • Some trends shaping human resource management practices include globalization, technology, deregulation, debt or “leverage,” changes in demographics and the nature of work, and economic challenges. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–28
  • 29.
    Trends • Trends shapingHRM are summarized in Figure 1-4.which follows. • Technology has also had a huge impact on how people work, and on the skills and training today’s workers need. Jobs are becoming more high tech, less-labor intensive, and require more knowledge and higher skill levels (human capital). • Demographic trends are making finding, hiring, and supervising employees more challenging. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • 30.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–30 Trends Shaping Human Resource Management Globalization and Competition Trends Technological Trends Indebtedness (“Leverage”) and Deregulation Trends in the Nature of Work Workforce and Demographic Trends Economic Challenges and Trends Trends in HR Management
  • 31.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–31 Workforce and Demographic Trends Demographic Trends Generation “Y” Retirees Nontraditional Workers Trends Affecting Human Resources
  • 32.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–32 Important Trends in HRM The New HR Managers High-Performance Work Systems Strategic HRM Evidence-Based HRM Managing Ethics HR Certification Human Resource Management Trends
  • 33.
    HR Mangers strategicplanning role • HR managers can play big roles in strategic planning and management by helping the top managers in devising functional and departmental plans that support the organization’s overall strategic plan, and then assisting in execution of the plans. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–33
  • 34.
    HPWS • A high-performancework system is a set of HRM policies and practices that together produce superior employee performance Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–34
  • 35.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–35 High-Performance Work Systems • Increase productivity and performance by:  Recruiting, screening and hiring more effectively  Providing more and better training  Paying higher wages  Providing a safer work environment  Linking pay to performance
  • 36.
    Ethical Implications • Everyline manager or human resource manager needs to keep in mind the ethical implications of his or her employee- related decisions. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1–36
  • 37.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–37 Managing Ethics • Ethics  Standards that someone uses to decide what his or her conduct should be • HRM-related Ethical Issues  Workplace safety  Security of employee records  Employee theft  Affirmative action  Comparable work  Employee privacy rights
  • 38.
    Copyright © 2011Pearson Education, Inc. publishing as Prentice Hall 1–38 Basic Themes of HRM • HRM is the responsibility of every manager. • The workforce is becoming increasingly diverse. • Current economic challenges require that HR managers develop new and better skills to effectively and efficiently deliver and manage HR services. • The intensely competitive nature of business today means human resource managers must defend their plans and contributions in measurable terms.
  • 39.
    Fall 2008 Management412 / Intro to HRM Page 39 Lets reflect on HRM • Two questions:  Does it matter?  Why does it matter? • What is HRM?  Organization’s methods and procedures for managing people to enhance skills and motivation  Activities to enhance the organization’s ability to attract, select, retain and motivate people
  • 40.
    Fall 2008 Management412 / Intro to HRM Page 40 Outsourcing HR • Would it just make more sense to outsource HR functions? • Many organizations are doing just this  Recordkeeping and administrative, perhaps  Basic functions….. Sources: Caudron (2003); Stewart & Woods (1996); Zimmerman (April 2001)
  • 41.
    Fall 2008 Management412 / Intro to HRM Page 41 Human Resources and Competitive Advantage • The basic idea: establishing and maintaining competitive advantage through people. • Competitive advantage:  Valuable, rare, inimitable, nonsubstitutable- VIRN  Achieved not through strategy, but strategy implementation Source: Pfeffer (1994, 1998)
  • 42.
    Fall 2008 Management412 / Intro to HRM Page 42 Traditional Sources [non HR] of Competitive Advantage…and Where They’ve Gone • Product and process technology  Technological innovations make innovation easier and faster  Development and manufacturing technology freely available • Protected and regulated markets  Move to global economy  Deregulation • Access to financial resources  Global capital market  Venture capital • Economies of scale  Fragmented markets  Less important with advances in technology • So, what’s left…people Source: Pfeffer (1994, 1998)
  • 43.
    Fall 2008 Management412 / Intro to HRM Page 43 Competitive Advantage Through People • Viewing the work force as an asset, not an expense • The result:  Harder work, from increased involvement and commitment  Smarter work, through enhanced skills and competence  Lower overhead, by pushing responsibility downward • High performance work systems Source: Pfeffer (1994, 1998)
  • 44.
    Fall 2008 Management412 / Intro to HRM Page 44 Aligning Strategy and HR • Determine the firm’s strategy • Determine the competencies needed to carry out the strategy • Examine current management practices • Determine congruence  Do the current practices work to enhance needed competencies?  Are the current practices internally consistent? Source: Pfeffer (1998)
  • 45.
    Fall 2008 Management412 / Intro to HRM Page 45 HR Functions:Think of the juggler ! Reward Systems Legal Compliance Staffing Planning Training and Development Employee and Labor Relations

Editor's Notes

  • #2 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #3 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #4 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #6 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #7 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #8 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #9 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #10 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #11 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #12 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #13 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #14 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #15 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #17 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #18 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #19 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #20 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #21 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #22 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #23 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #24 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #25 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #26 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #28 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #29 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #31 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #32 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #33 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #34 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #35 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #36 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #37 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #38 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #39 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #40 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #41 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #42 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #43 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #44 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #45 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall
  • #46 Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall