MGMT 4262 final - HRM (A)

Elements of HRM

• analysis and design of work

• HR planning

• recruiting

• selection

• training and development

• compensation

• performance management

• employee relations

Intangible assets lead to….

competitive advantage

Human capital

• tacit knowledge

• education

• worked-related know-how

• work-related competence

Social Capital

• Corporate cllture

• management philosophy

• management practices

• informal networking systems

• coaching/mentoring relationships

Customer Capital

• Customer relationships

• brands

• customer loyalty

• distribution channels

Intellecutal Capital

• Patents

• copyrights

• trade secrets

• intellectual property

Silent Generation 1925-45

Hard workers, respect authority, loyal to employers

Baby Boomers 1946-64

Value work ethic/advancement, competitive, achieve american dream

Gen x 1965-80

skeptical of authority, value work/life balance, tehc-savvy

Millenials 1981-95

socially conscious, team-oriented, seeking purpose/meaning in work

Gen Z 1996

Relies heavily on cellphone/tablet use, comfortable with change, realistic

Demensions of HRM Practices

• Managing the human resource enviornment

• Acquiring and preparing himan resources

• assessment and evelopment of human resources

• compensating human resources

Managing the HR Enviornment

Take care of your employees

Acquiring and Preparing HR

Must know when you need people and how many

Assessing and Devloping HR

equpi employees for success

• train them

• give needed toold for success

• create supportive enviornment

Compensating HR

money and benefits primary motivator for performance

Mechanistic Approach

task simplification

• industrial engineering

Motivational approach

Focuses on psychological significance and motivation

skill variety

range of skills needed

task identity

completion fo whole project

autonomy

decision-making, authority

feedback

clarity of performance from work

task significance

Job’s impact on others

biological approach

draws from biomechanics, work physiology, and occupational medicine

Thirteenth amendment

abolished slavery

fourteenth amendment

provides equal protection for all itizens and requires de process in state action

Civil rights act od 1866 adn 1871

grants all citizen the right to make, perform, modify and terminate contracts and enjoy all benefits terms and conditions of the contractual relationsihps

Equal pay act of 1963

requires that men and women performing equal jobs receive equal pay

title VII of the CRA fo 1964

forbids discrimination based on race, color, religion, sec, or national origin

age discrimination in employment act of 1967

prohibits discrimination in employment against individuals 40 and up

rehabilitation act of 1973

requires affirmative acttion in the mployment of individuals with disabilities

executive ordder 11246

requires affirmative actio in hiring women and minorites

executive order 11478

requires the federal government base its employment policies on merit and fitness, not race, color, sex, religion, or national origin