Definition of human capital management
Definition of human capital management
An approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhance through investment
Process of hiring and developing employees so that they become more valuable to the organization
Includes:
1. Conducting job analyses
2. Planning personnel needs
3. Recruiting the right people for the job
4. Orienting and training
5. Managing wages and salaries
6. Providing benefit and incentives
7. Evaluating performance
8. Resolving disputes
9. Communicating with all employees at all levels
Core qualities for Human Resource Management:
1. Extensive knowledge of the industry
2. Leadership
3. Effective negotiation skills
Role of Human Resource Manager
A human resource manager has 2 basic functions:
1. Overseeing department functions
2. Managing employees
Responsibilities
1. Employee relations
Human resource manager has ultimate responsibility for preserving employer-employee relationship through designing an effective employee relations strategy:
a. Contains specific steps for ensuring the overall well-being of employees
b. Ensure that employees have a safe working environment, free from discrimination and harassment
Human resource managers for small business conduct:
a. Workplace investigations
b. Resolve employee complaints
May also be the primary contact for legal counsel in risk mitigation activities and litigation pertaining to employee relations matters
Example:
a. Examining current workplace policies
b. Providing training to employees and managers on those policies to minimize the frequency of employee complaints due to misinterpretation or misunderstanding of company policies
2. Recruitment and selection
Primary responsible for decision related to corporate branding as it relates to recruiting and retaining talented employees.
For example
a. HR manager in a health care firm might use knowledge about nursing shortages to develop strategy for
An approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhance through investment
Process of hiring and developing employees so that they become more valuable to the organization
Includes:
1. Conducting job analyses
2. Planning personnel needs
3. Recruiting the right people for the job
4. Orienting and training
5. Managing wages and salaries
6. Providing benefit and incentives
7. Evaluating performance
8. Resolving disputes
9. Communicating with all employees at all levels
Core qualities for Human Resource Management:
1. Extensive knowledge of the industry
2. Leadership
3. Effective negotiation skills
Role of Human Resource Manager
A human resource manager has 2 basic functions:
1. Overseeing department functions
2. Managing employees
Responsibilities
1. Employee relations
Human resource manager has ultimate responsibility for preserving employer-employee relationship through designing an effective employee relations strategy:
a. Contains specific steps for ensuring the overall well-being of employees
b. Ensure that employees have a safe working environment, free from discrimination and harassment
Human resource managers for small business conduct:
a. Workplace investigations
b. Resolve employee complaints
May also be the primary contact for legal counsel in risk mitigation activities and litigation pertaining to employee relations matters
Example:
a. Examining current workplace policies
b. Providing training to employees and managers on those policies to minimize the frequency of employee complaints due to misinterpretation or misunderstanding of company policies
2. Recruitment and selection
Primary responsible for decision related to corporate branding as it relates to recruiting and retaining talented employees.
For example
a. HR manager in a health care firm might use knowledge about nursing shortages to develop strategy for