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portant and effective that every unit in the firm knows they are needed for success: ?The pensation system ?Training opportunities ?Diversity management programs HRM’s Place in Management To educate others about the HR implications of decisions, HR executives must understand Investments Advertising Marketing Production IT RD HR Department Operations Average HR Dept Less than 150 people Personnel Ratio Average = 1 specialist per 100 employees Less for construction, retail agriculture, wholesale, services More for public utilities, durable goods manufacturing, banking, Insurance, government HRM Strategy Major Objectives Procedures Policies Resources HRM Strategy Organization’s internal strengths/weaknesses Changes in the environment Anticipated actions of petitors Basis for Resource Allocation Clarifying Meaningful HRM Objectives More specific Strategy: The plan that integrates major objectives Objectives: Goals that are specific and measurable Policies: Decision making guides Procedures/rules: Specific directions for decision making More specific More specific HRM Policy ?A policy is a general guide that expresses limits within which action should occur ?Arises from past or potential problems ?Frees managers from making certain decisions ?Ensures some consistency in behavior ?Allows managers to concentrate on decisions where they have the most experience and knowledge HRM Procedures ?Procedures (rules) are specific directions ?In standard operating procedure (SOP) manuals ?Helps ensure consistent decision making ?Should be welldeveloped, but not excessive ?Develop for only the most vital areas Organization of an HR Department HR specialists are usually located at the headquarters of an anization Chief HR Executive Typically reports to the top manager Small/Medium Firms Nonprofits HRM is typically a unit in the business office HRM and another function may be in a single department Plan of the Book Part 1: Introduction to HRM and the Environment Part II: Acquiring Human Resources Part III: Rewarding Human Resources Part IV: Developing Human Resources Part V: Labor Management Relations Promoting Safety and Health