HUMAN RESOURCE MANAGEMENT PRACTICE - Fichier PDF

962 ❚ Subject indexlinking HR with competitive strategies 136methodology for 140–41setting out strategies 143strategic review, conduct of 141–42HR vision 74HRM see human resource managementhuman asset worth 40human capitaldefined 8–9, 30, 33–34and market worth 38people as 14significance of human capital theory 35–36theory of pay levels 626human capital advantage 35, 36human capital index 39–40human capital managementbenefits of 36defined 2, 29–30, 36and human resource management 9, 30–32purpose 36questions 36–37strategy 37human capital measurementapproaches to 39–45defined 38elements of measurement 45–47points concerning measurement 47rationale for 36–38human capital monitor 40human capital reportingdefined 47–48external reporting 48–49internal reporting 49human process advantage 35human relations school 12,human resource advantage 118, 121human resource development (HRD)defined 521strategic HRD 533–37human resource function see HR functionhuman resource management (HRM)activities 5aims of 8–11approach to recruitment 432aspects of 3–4and business values 15challenges to 26–27characteristics 7, 11–15and commitment 13,and competitive pressures 25–26defined 2, 3, 6, 31diversity of 11–12and employee relations 761–62‘hard’ HRM 11–12Harvard framework 6–8and HR specialists 72and human capital management 9, 30–32human resource cycle 4and human resource development 535impact on organizational performance20–24and integration 12matching model of HRM 5–6models of HRM 5–8morality of 16–17,and mutuality 13and organizational effectiveness 8and personnel management 18–20, 31, 88philosophy of 12policy goals 10–11radical critique view of 17rhetoric of 12reservations about 15–18and resourcing 359–60soft HRM 12strategic nature of 13as a strategic process 113and technology 25unitary philosophy of 14human resource planningaction planning 382–88aims 368analysing demand and supply forecasts 375and business planning 363–64contribution of HR 388defined 363, 364demand forecasting 373downsizing plan 387employer of choice plans 383estimating future requirements 373expert judgement 373–78flexibility plan 384hard and soft versions 364–65incidence of 366the labour market context 367–68limitations of 365–66make or buy decisions 368managerial judgement 373–74mathematical modelling 375organizational context of 367