Management achieves organizational goals effectively and efficiently through planning, organizing, leading, and monitoring resources while respecting individual-organization relationships.
Organizational resources are crucial; shareholders invest in firms expecting success.
Labor costs are significant, requiring efficient worker performance.
People as Organizational Resources
Human Machines: Avoid overexertion to prevent breakdowns (burnout, sickness).
Motivate and manage, but recognize limits to sustain healthy engagement.
Update skills through retraining and coaching for continued effectiveness.
Predict human behavior to optimize investment returns.
Four Key Management Functions
Planning: Determine production goals and required personnel types.
Align staff with organizational objectives (e.g., clothing store vs. computer company).
Organizing: Structure the work environment for efficiency.
Organize factories to execute plans.
Leading: Motivate workers for improved performance.
Monitoring: Assess performance for greater efficiency.
Team Effort
HRM is a team effort, with supervisors playing a crucial role.
Supervisors lead teams and need HRM skills.
HR provides skills for supervisors
Direct Impact of HR
HRM's direct impacts include team building, shaping company culture and employer brand, conducting surveys, and navigating social law.
Team Building: HR organizes activities with specific learning objectives.
Company Culture & Employer Brand (EB): Communicating company values to attract aligned employees.
Social Law
Supervisors must understand social law to avoid legal missteps.
Important to check the legality of actions.
Role of the Manager
HR can educate managers to prevent errors and promote better leadership.
HR tries to diminish damages and educate managers
Operational HR tasks include job interviews, performance monitoring, and motivational leadership.
HR Tasks by Employees
Employees can also perform HR tasks by supporting colleagues.
HR practices involve everyone in the organization.
A Good HR
A good HR must be EFFECTIVE, EFFICIENT, and CALCULATED
Effective
Deliver on promises to build trust.
Act on commitments to foster growth.
Efficient
Stay within budget and use resources wisely.
Calculated
Develop business cases for HR programs, demonstrating return on investment (ROI).
Use sciences and economics to prove the return on investment
Why Organizational Goals Are Important
Shareholders expect profits exceeding bank interest rates.
Managing Humans
HR involves hard decisions; supervisors need skills to lead teams effectively.
Hard Decisions
Restructuring can lead to difficult decisions like firing employees due to economic turmoil.
Terminating hits the lives and emotions of the staff hard
Empathy
Empathy >< misplaced empathy
HR is not a charity
HR focuses on fulfillment and contributing to organizational goals, not just happiness.
The priority of HR is the business, but they know that if you feel happier in the business, you’ll work better