6. Human capital As defined by economists, refers to sets of
collective skills, knowledge, and ability that employees can apply
to create economic value for their employers.
Human resource management also known as human
resource can be regard as the people management department
within a business organization. The primary purpose of HRM is
to ensure people resources are effectively managed, supported
and developed in order to improve performance, maximizing
return on investment
Defining HRM & HCM
7. Meeting Today’s HRM Challenges
Focus more on
“big picture”
(strategic) issues
Find new ways to
provide
transactional
services
The New Human Resource
Managers
Acquire broader
business
knowledge and
new HRM
proficiencies
8. The New HR
Managers
High-Performance
Work Systems
Strategic
HRM
Evidence-Based
HRM
Managing
Ethics
HR
Certification
Human
Resource
Management
Trends
Important Trends in HRM
9. Increase productivity and performance by:
Recruiting, screening and hiring more effectively
Providing more and better training
Paying higher wages
Providing a safer work environment
Linking pay to performance
High-Performance Work Systems
Hinweis der Redaktion
What is the difference between Human Capital Management and Human Resource Management?
Defining Human Capital Management and Human Resource Management as well as the difference between these two concepts
Technology has also had a huge impact on how people work, and on the skills and training today’s workers need. Jobs are becoming more high tech, less-labor intensive, and require more knowledge and higher skill levels (human capital).
HR managers can play big roles in strategic planning and management by helping the top managers in devising functional and departmental plans that support the organization’s overall strategic plan, and then assisting in execution of the plans.