What you'll learn:
- Gain a foundational understanding of Human Resource Management (HRM) principles and its historical evolution.
- Explore the key principles of HRM, including intellectual capital management, equal opportunity, and diversity management.
- Understand the planning phase of HRM, covering talent management and acquisition lifecycles, talent selection, and intellectual capital strategy.
- Dive into talent transformation, including performance management and career management strategies.
- Explore the rewards management lifecycle, benefits payments, and their impact on employee motivation and satisfaction.
- Examine the relationship between intellectual capital and labor relations, including employee relationship management and occupational safety.
- Address special issues in HRM, including global HR management challenges and considerations for small entrepreneurial firms.
- Analyze real-world HRM case studies, understanding the complexities of company overview, vision, mission, and key observations.
- Delve into advanced HR strategies through a second case study, covering talent and intellectual capital strategy, PESTLE and SWOT analysis.
- Learn essential HR metrics, including overtime percentage, length of service, profit per employee, and other key indicators.
- By the end of the course, students will possess a comprehensive understanding of strategic human resource management, enabling them to make informed decision.
Course Introduction: Strategic Human Resource (HR) Management (HRM) Masterclass
Welcome to "Strategic Human Resource (HR) Management (HRM) Masterclass" a comprehensive course designed to equip you with the knowledge and skills essential for navigating the dynamic field of HRM. In this transformative learning journey, you will delve into the core principles, strategies, and practical applications of HRM, gaining insights that will empower you to contribute significantly to organizational success.
Preview of Your Learning Journey
The course kicks off with an enticing preview of what lies ahead, offering you a glimpse into the diverse and intriguing world of Human Resource Management. From foundational concepts to advanced strategies, each module is crafted to provide you with a holistic understanding of HRM, preparing you for the challenges and opportunities in this ever-evolving field.
What to Expect:
Foundational Principles: Begin by exploring the fundamental principles of HRM, understanding its definition, and tracing its evolution across different ages. Discover how HRM complements organizational goals and why intellectual capital management is a key driver of success.
Strategic Planning: Move on to strategic planning with a focus on Intellectual Capital Planning. Learn how to manage the entire talent lifecycle, from acquisition to transformation, and understand the importance of aligning individual career paths with organizational goals.
Rewards and Recognition: Explore the Rewards Management Lifecycle, discovering how to design and implement effective rewards programs. Understand the nuances of benefits payments and how they contribute to creating a positive work environment.
Labor Relations and Special Issues: Integrate intellectual capital with labor relations, gaining insights into effective employee relationship management. Tackle special HRM issues, including global HRM challenges and those specific to small entrepreneurial firms.
Real-world Application: Put your learning into practice with two comprehensive HRM case studies. Analyze real-world scenarios, apply HRM principles, and develop strategies to address complex organizational challenges.
Metrics for Success: Conclude your journey by delving into HR metrics. Understand how to quantitatively assess HR effectiveness using various metrics, enhancing your ability to make data-driven decisions.
Why Take This Course:
Whether you're a seasoned HR professional looking to refresh your knowledge or someone aspiring to enter the HR field, this course provides a well-rounded and practical foundation. Mastering Human Resource Management will empower you to navigate the complexities of HRM, making a meaningful impact on both individual careers and organizational success. Embark on this transformative learning experience, and let's explore the exciting world of Human Resource Management together!
Section wise, we will be learning the followings:
Section 1: Introduction
In this foundational section, students will embark on an exploration of the fundamental concepts of Human Resource Management (HRM). Lecture 1 serves as a gateway, offering an initial look into the world of HRM. The preview-enabled feature provides students with a teaser of the exciting journey ahead, setting the tone for the course.
Section 2: HR Fundamentals 101
Building on the introduction, this section delves into the core principles and historical evolution of HRM. Lecture 2 presents a clear and comprehensive definition of HRM, laying the groundwork for subsequent lectures. The exploration of HRM across different ages and its complementary aspects provides students with a holistic understanding. The introduction of Intellectual Capital Management highlights the strategic role of human capital in organizational success, while lectures on Equal Opportunity and Diversity Management emphasize the importance of fostering inclusive workplace environments.
Section 3: Intellectual Capital Planning
This section shifts the focus to strategic planning within HRM. Students will explore Intellectual Capital Planning, which includes the Talent Management Lifecycle and Talent Acquisition Lifecycle. Lectures guide students through the process of selecting, nurturing, and managing talent effectively. The in-depth coverage of Talent Selection ensures that students grasp the intricacies of workforce planning.
Section 4: Talent Transformation and Intellectual Capital Management
Talent transformation is a critical aspect of HRM, contributing significantly to organizational success. This section covers Performance Management and Career Management, providing students with insights and skills to enhance employee growth and development. The section emphasizes the importance of aligning individual and organizational goals for sustainable success.
Section 5: Rewards Management Lifecycle
Recognition and rewards play a pivotal role in employee satisfaction and retention. This section explores the Rewards Management Lifecycle, with a focus on benefits payments and their continuous aspects. Students gain valuable insights into designing and implementing effective rewards programs that contribute to a positive work environment.
Section 6: Intellectual Capital and Labor Relations
Integrating intellectual capital with labor relations, this section addresses the dynamic aspects of managing human resources. Lectures delve into Employee Relationship Management, emphasizing the importance of fostering positive relationships within the organization. The inclusion of Occupational Safety and Risk Management underscores the organization's commitment to employee well-being.
Section 7: Special Issues in HRM
This section tackles unique challenges and opportunities in HRM, including global and entrepreneurial perspectives. Lectures shed light on the intricacies of managing HR in a global context and within small entrepreneurial firms. Students gain insights into adapting HR practices to diverse organizational settings.
Section 8: HRM Case Study 1
The first case study brings theoretical concepts into practical application. Students analyze a company's overview, vision, mission, and service verticals. The case study explores Intellectual Capital Planning Strategy, allowing students to assess and apply HRM principles to real-world scenarios.
Section 9: HRM Case Study 2
Building on the case study approach, the second case study deepens the application of HRM principles. Students examine another company's overview, vision, mission, and service verticals. This case study explores specific HRM components, such as Transforming Talent, Performance Management, and Career Management, providing a comprehensive understanding of how HRM principles can be tailored to diverse organizational contexts.
Section 10: HR Metrics
The final section introduces HR metrics, empowering students with tools to measure HR effectiveness. Common metrics like Overtime Percentage, Profit Per Employee, and Training Expense Per Employee are explored, enabling students to quantitatively assess the impact of HR practices. The comprehensive coverage of various HR metrics enhances students' analytical skills, preparing them to evaluate and optimize organizational performance.
