Special Topic in Human Resource Management

Special Topic in Human Resource Management

(Impact of Government Legislation on Human Resource Management)

WHAT IS HUMAN RESOURCE MANAGEMENT?

HRM is the organizational function that deals with issues related to people such as:

 Compensation

 Hiring

 Performance Management

 Organization Development

 Safety

 Wellness

 Benefits

 Employee Motivation

 Communication

 Administration

 Training

WHAT IS LEGISLATION?

* (or "statutory law") is law which has been promulgated (or "enacted") by a legislature or other governing body, or the process of making it.

* Legislation can have many purposes: to regulate, to authorize, to proscribe, and to provide (funds), to sanction, to grant, to declare or to restrict.

HRM AND LEGISLATION

* The main function of HR is to ensure the organization is fully aware of any relevant legislation.

* All policies and procedure should be in line with current legislation

* Legislation is continually being updated which makes this an ongoing task for every organization.

* Legislation and government regulations have done more to spur the development of the human resource function than any other environmental factor.

FACTORS AFFECTING HRM

Political Climate

The political climate can have a great affect on any business and subsequent business departments such as human resource management.

Economic Climate

The economic climate can be closely associated with the political climate. However, it also includes how the banks are coping and if they are willing to lend to businesses. Again if the banks are cautious and so do not lend and in fact try and get their money back quicker, it can spell disaster for a business. This in turn, will mean big changes for how human resources in a company would be run.

Company Strategies

Companies will also have plans and strategies on how best to move forward. These will of course largely be determined by the two previous factors mentioned. Whatever the company choose to do, will definitely affect how the human resource management will perform.

Technological Developments

Technological developments will greatly affect how human resource