HRM seeks to make explicit link between strategy/structure/people (Bratton & Gold 2012)
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Human Capital
Route to competitive advantage achieved through people (Gratton 2000)
Resource Based View (RBV) stated an organisation can derive competitive advantage from its resources through the development of HRM. (Barney et al 2001)
"Combined Knowledge & Experience of an organisations staff is a highly significant source of competitive advantage" (Torrington et al 2009)
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HR & Resourcing
Resourcing = how to get right people in right place/ how to keep them
1/2 Recruitment/resourcing, 1/2 retention
Selection = 2 way process
Matching HR to strategic/operational needs
Concerned w/ obtaining & keeping a number of quality people
Selecting/promoting people who fit culture
Avoid staffing organisation w/ conformist clones
Mindful of creating dysfunctional culture
Organisations need mavericks who push boundaries
Fundamental Resourcing Questions
What kind of people do we need to compete effectively in future?
What do we need to attract/develop/keep them?
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Resourcing Plans
Global events make planning for recruitment/deployment of a workforce increasingly uncertain
"Workforce planning is the process of forecasting the supply & demand of skills against the requirements of future production & services delivery in a situation of uncertainty & change" (Bratton & Gold 2012)
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Recruitment & selection
"Includes those practices and activities carried out by the organisation with the primary purpose of identifying & attracting potential employees" (Breaugh & Starke 2000)
important social and legal implications in recruitement
Critical/expensive process - needs to be done right
Avoid hiring wrong people!!!
Avoid discrimination - all applicants have same questions
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Recruitment & Selection
Costs 1 - 1.5 x annual salary to train/recruit new employee
"process of attracting the interest of a pool of capable people who will apply for jobs within an organisation" (Bratton & Gold 2012)
Competencies need to be matched by employees
Costs include; Cost of selection process, future costs of induction/training new staff, labour turnover is staff leave
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