Beginning of this text that every manager has some

Info icon This preview shows pages 7–9. Sign up to view the full content.

View Full Document Right Arrow Icon
beginning of this text, that every manager has some role relating to human resource management. Just because we do not have the title of HR manager doesn’t mean we won’t perform all or at least some of the HRM tasks. For example, most managers’ deal with compensation, motivation, and retention of employees— making these aspects not only part of HRM but also part of management. As a result, this material is equally important to someone who wants to be an HR manager and to someone who will manage a business. 1.2 OBJECTIVES After reading this lesson, you should be able to, Understand the role of HRM in organizations. Define and confer some of the major HRM activities. Every organization, large or small, uses a variety of capital to make the business work. Capital includes cash, valuables, or goods used to generate income for a business. For example, a retail store uses registers and inventory, while a consulting firm may have proprietary software or buildings. No matter the industry, all companies have one thing in common: they must have people to make their capital work for them. This will be our focus throughout the text: generation of revenue through the use of people ’s skills and abilities. 1.3 CONTENTS 1.3.1 Meaning of Human Resource Management 1.3.2 Nature and Scope of Human Resource Management 1.3.3 Objectives of Human Resource Management 1.3.4 Importance of HRM and HRD 1.3.1 Meaning of Human Resource Management Human Resource Management Day to Day You have just been hired to work in the human resource department of a small company. You heard about the job through a conference you attended, put on by
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2 the Society for Human Resource Management (SHRM). Previously, the owner of the company, Jennifer, had been doing everything related to human resource management (HRM). You can tell she is a bit critical about paying a good salary for something she was able to juggle all on her own. On your first day, you meet the ten employees and spend several hours with the company owner, hoping to get a handle on which human resource processes are already set up. Shortly after the meeting begins, you see she has a completely different perspective of what HRM is, and you realize it will be your job to educate her on the value of a human resource manager. You look at it as a personal challenge both to educate her and also to show her the value of this role in the organization. First, you tell her that HRM is a strategic process having to do with the staffing, compensation, retention, training, and employment law and policies side of the business. In other words, your job as human resources (HR) manager will be not only to write policy and procedures and to hire people (the administrative role) but also to use strategic plans to ensure the right people are hired and trained for the right job at the right time. For example, you ask her if she knows what the revenue will be in six months, and Jennifer answers, “Of course. We expect it to increase by 20 percent.” You ask, “Have you thought about how many people you will need due to this increase?” Jennifer looks
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.