Introduction to Human Resources

What is a resource?

A stock or supply of money, materials, staff, and other assets used by an organization to function effectively.

What is management?

The process of dealing with or controlling things or people.

What does HRM stand for?

Human Resource Management.

What is Human Resource Management?

The practice of recruiting, hiring, deploying, and managing an organization's employees.

What is the main focus of HRM?

Managing the people or employees within an organization.

What is human capital?

Employees viewed as valuable assets of a business.

What is the goal of treating employees as human capital?

To make effective use of employees, reduce risks, and maximize return on investment.

What is the purpose of HRM practices?

To manage people to achieve the organization's mission and reinforce corporate culture.

Why is HRM important?

It helps recruit skilled employees, develop workers, maintain business health, and achieve organizational objectives.

How does employee development help a business?

It improves employees' skills and abilities, contributing to business success.

How does HRM help a company stay competitive?

By monitoring the job market and ensuring competitive compensation, benefits, and job roles.

How does HRM work?

HR professionals manage the day-to-day execution of HR-related functions.

What is an HR generalist?

An HR professional who performs a broad range of HR functions.

How do HR departments differ in small and large organizations?

Small organizations may have one HR generalist, while large organizations may have several specialized HR professionals.

What is the HR Cycle?

The continuous process of managing employees from recruitment until they leave the organization.

What is another name for the HR Cycle?

Employee Life Cycle (ELC) or HRM Cycle.

What is the first stage of the HR Cycle?

Recruitment and Selection.

What is the goal of Recruitment and Selection?

To attract and hire the best-fit candidates.

What activities are included in Recruitment and Selection?

Job posting, sourcing candidates, screening, interviewing, and making offers.

What is the second stage of the HR Cycle?

Onboarding and Orientation.

What is the goal of Onboarding and Orientation?

To integrate new employees into the organization effectively.

What activities are included in Onboarding and Orientation?

Orientation programs, paperwork completion, initial training, and mentoring.

What is the third stage of the HR Cycle?

Training and Development.

What is the goal of Training and Development?

To enhance employees' skills and knowledge.

What is the fourth stage of the HR Cycle?

Performance Management.

What is the goal of Performance Management?

To align individual performance with organizational goals.

What is the fifth stage of the HR Cycle?

Career Development / Promotion.

What is the goal of Career Development / Promotion?

To provide growth and advancement opportunities.

What is the sixth stage of the HR Cycle?

Compensation and Benefits.

What is the goal of Compensation and Benefits?

To reward employees fairly and competitively.

What is the seventh stage of the HR Cycle?

Employee Relations and Engagement.

What is the goal of Employee Relations and Engagement?

To build a positive and productive work environment.

What is the eighth stage of the HR Cycle?

Separation or Offboarding.

What is the goal of Separation or Offboarding?

To ensure a smooth exit when employees leave the organization.

What are the activities involved in offboarding?

Exit interviews, clearance process, knowledge transfer, and final pay.