HRM Chapter 1
HRM Chapter 1
Chapter 1
Human Resource
Management: An
Overview
Learning Objectives
1.1 Define human resource management (H R M) and the importance of
studying it.
1.2 Describe who performs H R M.
1.3 Explain how the H R M function serves as a strategic business
partner and the elements of the dynamic H R M environment.
1.4 Discuss the role of H R M in building corporate culture and employer
branding.
1.5 Summarize H R M issues for small businesses.
1.6 Identify ways that country culture influences global business.
1.7 Explore essential skills for developing your career in H R, or any
other career path.
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Staffing
• Process of ensuring the organization always has:
– Required number of employees
– Employees with appropriate skills
– Employees in the right jobs at the right time
– Involves job analysis, human resource planning,
recruitment, and selection
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Performance Management
• Goal-oriented process to ensure organizational
processes are in place to maximize productivity
– Applies to employees, teams, and ultimately, the
organization
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Compensation
• All rewards that individuals receive as a result of their
employment
– Financial compensation (direct and indirect)
– Nonfinancial compensation
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Employer Branding
• The firm’s corporate image or culture created to attract and
retain the type of employees the firm is seeking. It is what
the company stands for in the public eye.
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