100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Do you need help? $7.79   Add to cart

Class notes

Do you need help?

 1 view  0 purchase
  • Course
  • Institution

Notes made from the videos and slides of class.

Preview 4 out of 38  pages

  • November 25, 2024
  • 38
  • 2024/2025
  • Class notes
  • Olga
  • All classes
avatar-seller
HUMAN RESOURCE &
MANAGEMENT


⌛ WEEK 1




📂 What’s HRM?



The set of policies, practices and systems that influence employees’
behaviors, attitudes and performances. It is a set of planned actions that
are supposed to maximize companies’ performance by helping employees
in achieving goals relevant to the company.

It includes activities within the following eight areas:

1. Analysis and design of work

2. HR planning

3. Recruiting

4. Selection

5. Training and development

6. Compensation

7. Performance management

8. Employee relations




HUMAN RESOURCE & MANAGEMENT 1

, 🔑 Job analysis: Process of getting detailed information about jobs
Job design:
Addresses what tasks should be grouped into a particular job
Recruitment:
Process through which the organization seeks applicants for potential
employment
Selection:
Process by which the organization attempts to identify applicants with
the necessary knowledge, skills, abilities, and other characteristics to
help it achieve its goals
Training:
Planned effort to facilitate the learning of job-related knowledge,
skills, and behavior
Development:
Acquiring knowledge, skills, and behavior that improve employee’s
ability to meet challenges of existing jobs or jobs that do not yet exist
Performance management:
Ensures employee’s activities and outcomes are congruent with
organization’s objectives
Compensation:
Pay structure, incentives, and benefits




📂 Human capital and the VRIO model



Human Capital: the knowledge abilities, skills, and other talents that
individuals possess, that are crucial for companies activities and for
creating economic value. It is a unique type of capital, as it is not machines,
buildings or patents being used to create value, but living beings with their
own motivations, attitudes, psychological characteristics, or even
bargaining power that can be used by individuals to capture back some of
the economic value that they created for the company.

According to the VRIO model:

Valuable: quality of output



HUMAN RESOURCE & MANAGEMENT 2

, Rare: skills and talents can be scars

Inimitable: its culture or team synergies

Organized: harness the potential of their employees



📂 3. The Strategic HRM and degrees of HR strategic involvement



Strategic Human Resource Management: pattern of planned HR
deployments and activities intended to enable an organization to achieve its
goals. HR activities are seen as bundles or systems of coherent practices
that help enhance the abilities, motivation and create opportunities for the
employees to achieve strategic goals of the organization. We don’t only
focus in one practice, we look at the entire HR systems.



📝 4. Horizontal Aligment, vertical fit, 7 best practices and HPWS



Horizontal Alignment: the degree Pfeffer (1998) proposed seven
to which the HRM practies are best practices which are
mutually supporting and universally good for all the
reinforcing. companies:

Employment security

Selective hiring

Self-managed teams

High compensation
contingent on company
performance

Extensive training

Reduction of status
differences

Extensive information sharing
about the organisation.



HUMAN RESOURCE & MANAGEMENT 3

, Later, the theory envolved into the theory of High Performance Work
Systems (HPWS) is defined as systems which create environment in the
business that allows employees a greater involvement and taking
responsibility. This systems can be bundled around three important
aspects: Ability, Motivation and Opportunities (AMO model).

Best Fit: proposes that the most important success factor of HR is the fit
between the HR systems and the organizational context. Here, the
emphasis lies on the vertical strategic fit between those.

Boon & Paauwe proposed three dimensions to look at when we want to
asses the strategic fit:

Content: achieving business objectives as stated by the organization?

Process: involved in the process of strategy formulation?

Implementation: implemented in the organization such that the intented
goals can be achieved?

Adaptation: focuses on how supportive of change and how proactive or
reactive organizations are when they are implement the HR systems. in the
ongoing changing environment.

Companies that somewhat realized the importance of HR on their
competitive advantage tried to link the strategy with HR strategy but even in
here, there are various degrees of HR involvement. One way linking is when
management decides on the strategy and then tells to the HR practitioners
what they need to do to prepare the strategy from the people’s side. In two
way linkage, HR is able to feed back to the management and presents
inside on the impact of the strategy on the people-related outcomes.




HUMAN RESOURCE & MANAGEMENT 4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller cmcampomar. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.79. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62555 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.79
  • (0)
  Add to cart