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Exam (elaborations)

HUMAN RESOURCE MANAGEMENT MODULE 1

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HUMAN RESOURCE MANAGEMENT MODULE 1

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HRCCC -
Course
HRCCC -

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HUMAN RESOURCE MANAGEMENT
MODULE 1



Human11Resource11Management11-11ans-
✔✔The11strategic11approach11to11the11effective11and11efficient11management11of11peopl
e11in11a11company11or11organization11such11that11they11help11their11business11gain11a11
competitive11advantage.

Why11Human11Resource11Management?11-11ans-
✔✔1.11Core11Competency11(what11you11do11best11in11your11firm11and11creates11compet
itive11advantages)
2.11Turn11employees11into11high11performers11
*It11all11leads11back11to11a11company11wanting11to11perform11their11strategic11plan*

HR11Criteria11-11ans-✔✔1.11Value11-
11KSA's11(are11they11going11to11help11or11hinder11firm?)
2.11Rare11(the11more11rare11it11is,11the11more11expensive)
3.11Difficult11to11Aquire11(long11roll-
out:11having11to11get11more11education11to11acquire11a11job,11learning11curve:11more11ex
periences11to11become11the11best)
4.11Important11for11Organization11(collaboration)

Competitive11Challenges11-11ans-✔✔1.11Going11Global
2.11Maximize11use11of11Technology11
3.11Human11Resource11Information11Systems
4.11Change11Management11
5.11Develop11Human11Capital11
6.11Respond11to11Market11Forces

Going11Global11-11ans-✔✔1.11International11Perspective
2.11Natural11Trade11Barriers11(containerization)
3.11Immigration
4.11Online11servies

Maximize11use11of11Technology11-11ans-
✔✔1.11Human11Resource11Information11System
2.11Empowerment11(self-directed)
3.11Facilitator:11facilitates11organization11change

, Human11Resource11Information11Systems11(HRIS)11-11ans-
✔✔1.11Asset11Bank11(helps11determine11asset11needs)
2.11Resume11Keywords

Change11Management11-11ans-✔✔1.11SWOT11Matrix
2.11Reactive11Change:11something11occurs11and11you11have11to11construct11a11respons
e
3.11Proactive11Change:11take11something11you11are11well11at11and11use11it11in11another1
1opportunity11(core11competency)11ex:11Apple11Mac11->11iPod11->11iPhone


SWOT11-11ans-✔✔Strengths,11Weaknesses,11Opportunities,11Threats
1.11Downsize
2.11Train
3.11Reconstruct
4.11Hire

Develop11Human11Capital11-11ans-✔✔1.11Give11organization11KSA's
2.11Needs11requirement
11-11Find11it11(require11and11select)
11-11Train
11-11Keep11them
Input11->11transformation11->11outputs

Ability11and11Aptitude11-11ans-✔✔Ability11:11you11can11perform11the11job11right11away
Aptitude11:11you11have11the11ability11to11be11taught11the11job

Respond11to11Market11Forces11-11ans-✔✔1.11TQM11(total11quality11management)
11-11Training11involved
11-11Compensation
2.11Employees11have11to11be11believers11
3.11Re-engineering11
11-11Job11redesign11
11-11Job11description,11Pay,11Retraining,11etc...11
*Quality11is11Key*

Cost11Containment11-11ans-✔✔Dividends11are11paid11by11retainer11earnings
11-11Downsizing11
11-11Kills11commitment
11-11Assist11with11layoffs
11-11Re-training11
11-11Lower11labor11cost11to11quickly11raise11stock11prices
11-11Short11term
1.11Employee11leasing11
11-11Lower11pay
11-11No11benefits
11-11Former11employees
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