Lecture 3 - HR Functions
Lecture 3 - HR Functions
PLANNING
– Strategic HRM (see chapter on HRM strategy)
– Human Capital management
GROWING PEOPLE
– Learning and development, Knowledge management, Organization development
MEASURING PERFORMANCE
– Performance management
REWARDING
– Reward management
– Employee well-being
•It determine how the organization should move from its current
manpower position to its desired manpower position
• It support to achieve/identify organisational goals and
formulation of policies and programmes for achieving them.
•It is a future oriented function concerned with clearly charting out
the desired direction of business activities in future.
• Forecasting is one of the important elements in the planning
process. Other functions of HRM depend on planning function.
•It helps to have the right number and the right kinds of people, at
the right place, at the right time, doing things, so that organization
and the individuals get maximum long-term benefits.
Five Phases for Human Resources
Planning
1. Analyzing:
2. Forecasting: Demand versus supply
analysis.
3. Planning
4. Implementing
5. Evaluating: Feedback on effective of
outcomes
Organizing
GROWING PEOPLE
– Learning and development, Knowledge management, Organization development
MEASURING PERFORMANCE
– Performance management
REWARDING
– Reward management
– Employee well-being
Administrative
• Clerical administration, recordkeeping, legal paperwork and policy implementation
• Major shifts - Use of technology and outsourcing
Strategic
• Address business realities
• Focus on future business needs
• Fit between human capital and business plans and needs
Group work: HRM strategy
and functions