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MBA 509-1 HRM Lecture 2 IUB Final

This document outlines the key topics covered in Lecture 2 of an MBA course on human resources management. It discusses HR's role in helping build company culture and execute business strategy. It also covers the aims of HRM like organizational effectiveness and human capital management. Additionally, it lists reasons to study HRM such as avoiding legal issues, high turnover, and unfair practices. The document then examines trends shaping HRM and challenges faced during the COVID-19 pandemic, including managing remote work and mental health/wellbeing.

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Md. Muhinur Islam Adnan
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84 views

MBA 509-1 HRM Lecture 2 IUB Final

This document outlines the key topics covered in Lecture 2 of an MBA course on human resources management. It discusses HR's role in helping build company culture and execute business strategy. It also covers the aims of HRM like organizational effectiveness and human capital management. Additionally, it lists reasons to study HRM such as avoiding legal issues, high turnover, and unfair practices. The document then examines trends shaping HRM and challenges faced during the COVID-19 pandemic, including managing remote work and mental health/wellbeing.

Uploaded by

Md. Muhinur Islam Adnan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Independent University

School of Business and Entrepreneurship

MBA 509
Human Resources Management;
Autumn Semester 2020
Lecture 2
Today’s Learning Objectives
• HR’s Role;
• Aims of HRM;
• Responsibilities of HR departments;
• Why study HRM;
• The trends shaping HRM;
• Competitive challenges & HRM;
• Challenges facing HR during the Covid-19
pandemic;
HR’s Role
The job of human resources is NOT primarily to:
❑ Keep the company out of court.
❑Enforce rules and maintain consistency.
❑Manage administrative processes.
❑Tell people ‘No’.
❑HR’s job is to:
❑ Help build and reinforce the company’s values and
culture.
❑Play a leadership role in building capabilities that ensure
the successful execution of business strategy.
Aims of HRM
❑Organizational effectiveness;
❑Human capital management;
❑Knowledge management;
❑Reward management;
❑Employee relations;
❑Meeting diverse needs;
❑Bridging the gap between rhetoric and reality;
Why Study HRM?
You don’t want to make while managing…
❑ Hire the wrong person for the job;
❑ Experience high turnover;
❑ Have your people not doing their best;
❑ Waste time with useless interviews;
❑ Have your company taken to court because of your
discriminatory actions;
❑ Have some employees think their salaries are unfair
relative to others in the organization;
❑ Allow a lack of training to undermine your department's
effectiveness;
❑ Commit any unfair labor practices;
Why Study HRM…

❑Staffing the organization;


❑Designing jobs & teams;
❑Developing skillful employees;
❑Identifying approaches for improving their
performance;
❑Rewarding employee successes;
The Trends Shaping HRM
❑Globalization & Competition Trends;
❑Deregulation;
❑Technological Trends;
❑Trends in the Nature of Work [High-tech Jobs,
Service Jobs, Knowledge Work & Human Capital];
❑Demographic& Workforce Trends [An Aging
Workforce];
❑Economic Challenges & Trends [Dramatic economic
downturn starting in 2007/2008, Slowdown in deregulation and
globalization]
Competitive challenges & HRM
❑Going global;
❑Embracing new technology [Integrating AI];
❑Developing human capital;
❑Responding to the market [Delivering a
consumer experience];
❑Tensions on the trade front [Protectionism;
ongoing Sino-American “trade war”];
❑Fiscal and financial risk [Cyber-attacks & data
integrity concerns cripple large parts of the
internet: Utilizing data properly]
Challenges facing HR during the Covid-19 pandemic

❑Mental Health and Wellbeing [empathy,


health, & safety];
❑Managing Remote Work;
❑Lack of Agility;
❑Employee Trust, Communication, & Rapid
Policy Change;
❑Uncertainty;
❑Employee Engagement;
❑Changing Business Models & Talent
What Does The Future Of Work Look
Like In A Post-COVID-19 World? 

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