MGMT410_Midterm review

MGMT410_Midterm review - Chapter summary information...

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Chapter summary information provided by Mathis and Jackson from Human Resource Management: Twelfth Edition 2008 Chapter 1 CHANGING NATURE OF HUMAN RESOURCE MANAGEMENT Learning Objectives After you have read this chapter, you should be able to: Define human capital and explain its importance. Identify the seven categories of HR activities. Describe how the major roles of HR management are being transformed. Discuss four challenges facing HR today. Identify the purposes and uses of HR technology. Discuss why ethical issues affect HR management. Explain the key competencies needed by HR professionals and why certification is important. CHAPTER 1: CHANGING NATURE OF HUMAN RESOURCE MANAGEMENT Chapter Overview This chapter provides an overview of Human Resource Management by describing eight important considerations: Human Capital in Organizations, HR Activities, Managing HR in Organizations, HR Management Roles, Current HR Management Challenges, HR Technology, Ethics and HR Management, and HR Management Competencies and Careers. Many organizations today are looking at the management of human capital in their organizations. The importance of measuring the value of human capital and viewing human resources as a core competency for an organization is explored. A conceptual model is presented that shows that HR management is composed of seven interlinked activities that are significantly impacted by external forces (legal, political, economic, social, cultural/geographic, technological, environmental, and global). These seven activities are identified and briefly described: (1) strategic HR management, (2) equal employment opportunity, (3) staffing, (4) talent management and development, (5) total rewards, (6) risk management and worker protection, and (7) employee and labor relations. The relationship of HR within the organization is described. All managers engage in HR management but they are not expected to know the details about HR regulations and HR systems that one would expect from an HR professional. Smaller organizations (less than 100) typically do not have an HR department and the owner or another manager usually takes care of HR issues. It is important that there is cooperation between the operating managers and the HR staff for HR efforts to succeed. The various roles that HR management may undertake are then described and include the administrative, the
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operational and employee advocate, and the strategic roles. Next, four significant HR management challenges are discussed: globalization of business, economic and technological change, workforce demographics and diversity, and organizational cost pressures and restructuring. Also, the purposes and uses of human resource management systems (HRMS) are discussed. Next, HR’s role in organizational ethics, the global differences regarding ethics and the relationship between ethical
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This note was uploaded on 03/24/2011 for the course MGMT 410 taught by Professor Lookwood during the Spring '11 term at ITT Tech San Dimas.

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MGMT410_Midterm review - Chapter summary information...

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