Introduction To HRM
Introduction To HRM
Introduction To HRM
What is management?
The Strategic Role of Human Resources Management
Today’s Measures
• focus on productivity, quality, sales, market share,
and profits
• balanced scorecard
• a measurement system that translates organization’s
strategy into a comprehensive set of financial and
operational performance measures
Environmental Influences
on HRM
External Influences Internal Influences
• employment levels
• productivity levels
• growth of the primary, secondary, and tertiary
(service) sectors
External Influences:
Labour Market Issues
Global trends:
• firms extend business operations abroad
• emergence of one world economy
• increased international competition
• multinational corporations: conduct business around the
world, seek cheap skilled labour
• Organizational Objectives
• Functional Objectives
• Societal Objectives
• Personal Objectives