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Human resource management (HRM) - ✔✔policies, practices and systems
that influence employees' behaviors, attitudes and performance.
HRM Practices - ✔✔Analysis and design of work
HR Planning
Recruitment
Selection
Training and development
Compensation and benefits
Performance management
Employee relations
Effective HRM practices have been shown to relate to company
performance by contributing to: - ✔✔Employee and customer satisfaction;
Innovation;
Productivity; and
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,Development of a favorable reputation in the community in which the firm is
located.
HRM Roles & Responsibilities - ✔✔Human resource generalist
Human resource specialist
Shared service model
Self-service
Outsourcing
Human Resource Generalist - ✔✔focuses on a wide range of human
resource practices
Human Resource Specialist - ✔✔focuses on one or more HR issues (for
example, hiring or benefits)
Shared Service Model - ✔✔refers to a way to organize the HR function that
includes centers of expertise and service centers
Self-Service - ✔✔the process of giving employees control of HR
transactions
refers to giving employees online access to information about HR issues
such as training, benefits, compensation, and contracts; online enrollment
in programs and services; and completion of online attitude surveys
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, Outsourcing - ✔✔refers to the practice of having another company provide
services
Types of HRM Services - ✔✔Administrative services and transactions
Business partner services
Strategic services
Administrative Services and Transactions - ✔✔compensation, hiring,
staffing
- an emphasis is placed on resource efficiency and service quality
Business Partner Services - ✔✔developing effective HR systems and
helping implement business plans, talent management
- an emphasis is placed on knowing the business and exercising
influence—problem solving, designing effective systems to ensure needed
competencies
Strategic Services - ✔✔contributing to business strategy based on
considerations of human resources
- an emphasis is placed on knowledge of the competition, the market, and
business strategies
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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.