Ch01 international human resource management cengage

Nature of Human Resource Managementhuman talent is used effectively and efficiently to accomplish organizational goals.. Types of Organizational AssetsAssets Physical Financial Intangib

Nature of Human Resource Management

human talent is used effectively and efficiently to

accomplish organizational goals.

 In the course carrying out their duties, every operating manager is, in essence, an HR manager.

operating managers help implement.

Types of Organizational Assets

Assets

Physical Financial Intangible Human

Assets in Human Resources

Human Capital

The collective value of the

capabilities, knowledge,

skills, life experiences, and

motivation of an organizational workforce.

Core Competency

A unique capability that creates high value and differentiates an organization

from its competition.

FIGURE 1–2

HR Management

Functions

Organizational Culture and HR

• Organizational Culture

 Is the internal “climate” of the organization that

employees, managers, customers, and others

experience.

 Positively affects service and quality, productivity,

and financial results when aligned with HR values

and organizational goals.

 Is affected by differences in cultural dimensions

from country to country and even within countries.

Social Responsibilities and HR

 Achieving sustainability in dealing

with economic challenges

better employee morale and loyalty, and more

competitive advantages with consumers

Employee Engagement and HR Culture

 Is the extent to which individuals feel linked to

organizational success and how the organization

performs positively.

friends, community contacts, and others.

communications to include:

Ethical Behavior and Organizational Culture

Ethics Program Elements

Written code

of ethics and

standards of

conduct

Employee training on ethical behaviors

Advice to employees

on ethical situations

Confidential reporting of ethical problems

FIGURE 1–5 Examples of HR-Related Ethical Misconduct Activities

Current HR Management Challenges

Human Resource Management

Organizational Cost Pressures and Restructuring

Economics and Job Changes

Workforce Demographics Globalization of

Organizations

HR Management Roles

HR Management Roles

Administrative

Operational and Employee Advocate

Strategic

FIGURE 1–9 Roles of HR Management