human resource management notes for mba students

The successful candidates then continue to the next round, where they are interviewed and receive a more in-depth assessment. These tools help to separate the wheat from the chaff when it comes to suitable candidates. Sometimes, when there are a lot of candidates, HR may deploy preselection tools. These include interviews, different assessments, reference checks, and other recruitment methods. In this process, HR can use different selection instruments to find the best person to do the work. The direct manager then sends the job description to HR and HR starts recruiting candidates. The request for new hires usually starts when a new job is created or an existing job opens up. People are the lifeblood of the organization and finding the best fits is a key task. Recruiting candidates and selecting the best ones to come and work for the company is a key HR responsibility. We all remember our first interview, right? Recruitment and selection are arguably the most visible elements of HR. In the following section, we will cover these HR basics one by one. Although these machines are not considered ‘human resources’, there is a case to be made that they should be included in some way as they are part of the workforce. Robots are increasingly involved in day-to-day work and the interaction between man and machine is becoming increasingly essential to the success of the organization. In this case, we’re talking about the increase in robotization. Because these people are all involved in the company to a different extent, the way they are managed and involved in the organization should also be different.Īlso, there are increasingly non-humans at work at the company. These people include independent contractors, workers provided by contract firms, on-call workers, and temporary help agency workers.Īn independent contractor can be under contract for years at the same organization, while an agency worker can work at 20 different companies throughout one year. Especially with the rise of the gig economy, more and more people are starting to work for an organization on a contract basis without having a traditional labor contract. They can be regular employees, for example, but also contractors. These people make up a company’s workforce. Human Resources are all the people that in one capacity or another work for or contribute to an organization. It may feel a bit weird to refer to people as ‘human resources’.

This means that if we can find ways to make employees more engaged, we help the company. Engaged employees are more productive, deliver higher quality work and make customers happier. Human Resource Management, or HRM, is the practice of managing people to achieve better performance.įor example, if you hire people into a business, you are looking for people who fit the company culture as they will be happier, stay longer, and be more productive than people who won’t fit into the company culture.Īnother example is engagement. We will end with some information on technical terms, such as HRIS (Human Resources Information System). Then we will dive into the seven HR basics you have to know to have a good understanding of what HR does. We will start with a brief description of HRM and HR.

In this article, we will breakdown the fundamentals of Human Resource Management. Good Human Resource Management (HRM) is essential for businesses of all sizes. As an HR professional, you will play a pivotal role in how successful your company is. The performance of employees can be a liability or asset to a company. People are essential to the success of any business.

Human resource management notes for mba students