Why are they important?
Because people are strategic resources for an organization
And how to manage and guide those resources can be the key for business success
Ability, Skills, Knowledge, Competency
ABILITY: innate qualities one does or doesn’t possess
SKILLS: something learned through experience
KNOWLEDGE: level of education,experience or training one must have at a minimum in order to be considered qualified for a job
COMPETENCY: combination of abilities, skills and knowledge that enables someone to act effectively in a job
Human resource management: objectives
Making certain decisions in order to:
2 approaches
2. Human resource strategic management
Other activities
Labour administration
Labour relations
Health issues
Levels of HRM approach
HRM Functions
1.RECRUITMENT
-selection process: Pre selection (if there’s many applicants) Different tests (interview, specific knowledge, physical and medical tests...)
-orientation:
Recruitment ends when the employee is already at work and working efficiently
2.MOTIVATION
Objective: Get employees compromise with the organization 2 big areas: - compensation system - working life quality
Compensation has a direct effect on employees behavior. Compensation requirements: - effective - fair - equitable - legal
Compensation system:
Internal and external factors
-monetary(extrinsic):
• direct ( related with specific job position)
• indirect (common reward to all employees)
-non monetary(intrinsic)
Better working quality life