Managing Human Capital
|Teaching Hours and Credit Allocation:
||18 hours, 4 credits
The main aim of the course is to provide essential insights into contemporary and future Human Resource Management issues for all MBA students, whether or not their career orientation lies in human resources. Accordingly, the emphasis in this course is away from the nitty-gritty of HRM techniques and on the general issues that confront all managers in any organisation: how to create competitive advantage using human resources, while maintaining the highest standards of best practice, ethics, and achievement.
At the end of the course, students will:
- Understand the significant contribution of HRM in creating a competitive advantage
- Analyse and evaluate employment practices in different types of organisations and understand how these contribute to business performance.
- Anticipate human resource management issues they may face in their careers
- Address typical human resource management situations with greater confidence
- Appreciate critical ethical issues that affect and are affected by the HRM environment
- Management of Human Resources: What is HRM, various systems of HRM
- Design of Jobs for the Future: Job analysis and job design, the effects of technology and competition on the design of jobs
- Equity and diversity in HRM: Different forms of discrimination, diversity in the workplace, immigration, demographic changes and labour markets
- Recruitment and selection: The competitive advantage of recruitment and selection, how HRM strategy influences recruitment and selection
- Performance – Appraisal: Linking performance appraisal to other HRM sub-systems, individual vs group appraisal
- Compensation Wage and salary determination, pay-for-performance
- Training and Employee Development: Career development, employee development and developing skills to support the business strategy
- New Directions of HRM Ethics, corporate social responsibility, fraud and corruption in the workplace. While “international HRM” does not appear here as a separate topic, it will be considered throughout the course; the truly international composition of the class makes international HRM comparisons unavoidable and challenging.