PSY117 L1.3 Org Building Blocks and HR Basic Functions

Mission, Vision, Core Values, Target arket & Industry, Products & Services

• 5 Building Blocks of an Organization

Mission

• why we exist

• What the org does, who it serves, how it delivers value today

Vision

• where we are going (long-term impact)

• Inspires and guides the organization to the future the org wants to create

Core Values

• how we behave

• Principle-based statements about how your company does business

• Shapes culture and decisions

Target Market & Industry

• who we serve

• The specific segment of customers your products/ services are tailored to

• Understanding our customers helps design the right work and roles

Products & Services

• what we offer

• Solves a need, creates value for our customers

Planning, Organizing, Leading, Staffing, Controlling

5 Functions of Basic Management

Planning

• a function of great management

• Process of choosing appropriate goals and actions to pursue

• Determining strategies, actions, resources needed to achieve goals

Organizing

• a function of great management

• Process of establishing work relationships

• Allows workers to work together to achieve org goals

Leading

• a function of great management

• Articulating a vision

• Energizing employees

• inspiring and motivating people using vision, influence, persuasion, effective communication skills

Staffing

• a function of great management

• Recruiting and selecting employees for positions within the company (within teams & departments)

Controlling

• a function of great management

• Evaluate how well you’re achieving goals, improving performance, taking actions

• Put processes in place to help establish standards

  • Can measure, compare, make decisions

Procure, Develop, Compensate, Integrate, Maintain

• 5 Human Resource Operational Functions

Procure

• an HR Operational Function

  • Job analysis

  • Recruitment

  • Selection

  • Placement

  • Onboarding

  • Transfer

  • Promotion

Develop

• an HR Operational Function

  • Performance apprasal

  • Training

  • Career planning

  • Development

  • Transition Planning

Compensate

• an HR Operational Function

  • Evaluation

  • Wages & salary

  • Bonus & Incentives

  • Payroll

Integrate

• an HR Operational Function

  • Labor relations

  • Motivation

  • Grievance

  • Discipline

Maintain

• an HR Operational Function

  • Health & Risk Safety

  • Risk Management

  • Social Security

  • Welfare

  • Record Keeping