The strategic role of human resources management

PART ONE: HUMAN RESOURCES MANAGEMENT IN PERSPECTIVE
CHAPTER 1
THE STRATEGIC ROLE OF HUMAN RESOURCES MANAGEMENT
LEARNING OUTCOMES
•
Define human resources management and analyze the strategicsignificance of human resources management.
•
Describe the two categories of activities required of HR managers and discuss examples of each.
•
Discuss the internal and external environmental factorsaffecting human resources management policies and practices and explain their impact.
•
Describe the three stages in the evolution of HRM.
•
Explain how HRM has taken on the four characteristicsof a profession.
CHAPTER SUMMARY
This chapter focuses on the strategic role of Human Resources in today’s business context. What are the major responsibilities of an HR department? How can HR addvalue so that it contributes directly to the bottom line of an organization? What does being a strategic business partner mean? How can organizations measure this value? The chapter describes how anumber of internal and external influences have significantly impacted HR Management policies, procedures and practices. It discusses the importance that organizations place on managing its most valuableasset – its people – and how effective human resources policies and practices enable organizations to sustain their competitive advantage.
It discusses the evolution of the field of HR management andthe growing professionalism

LECTURE OUTLINE
•
This chapter introduces the field of human resources management and, in particular, the increasingly strategic role of human resources management.•
Human Resources Management (HRM) refers to the management of people in organizations.
The goal of HRM is to ensure that the organization finds and hires the best individuals available; develops andnurtures their talent; creates a sustaining, productive work environment; and continually builds and monitors these human assets.
•
It involves formulating and implementing HRM systems that are...