London Business School Resource Guide
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Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and employee benefits systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and governmental laws. The overall purpose of human resources (HR) is to ensure that the organization can achieve success through people. HR professionals manage the human capital of an organization and focus on implementing policies and processes. They can specialize in finding, recruiting, selecting, training, and developing employees, as well as maintaining employee relations or benefits. Training and development professionals ensure that employees are trained and have continuous development. This is done through training programs, performance evaluations, and reward programs. Employee relations deals with the concerns of employees when policies are broken, such as in cases involving harassment or discrimination. Managing employee benefits includes developing compensation structures, parental leave, discounts, and other benefits. On the other side of the field are HR generalists or business partners. These HR professionals could work in all areas or be labour relations representatives working with unionized employees. HR is a product of the human relations movement of the early 20th century when researchers began documenting ways of creating business value through the strategic management of the workforce. It was initially dominated by transactional work, such as payroll and benefits administration, but due to globalization, company consolidation, technological advances, and further research, HR as of 2015 focuses on strategic initiatives like mergers and acquisitions, talent management, succession planning, industrial and labor relations, and diversity and inclusion. In the current global work environment, most companies focus on lowering employee turnover and on retaining the talent and knowledge held by their workforce.
Article title : Human resource management
"Reid, Human resource management: A critical approach (pp. 38-54). London: Routledge. "Human Resource Management | Introduction to Business". Armstrong..."
Article title : SOAS University of London
"The School of Oriental and African Studies (SOAS) is a public research university in London, England, and a member institution of the federal University..."
Article title : London School of Economics
"The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution..."
Article title : Management by objectives
""Objective optimization tol for integrated groundwater management." Water Resource Management. November 2015. vol. 29 issue 14. Raj, Ritu (October 24, 2012)..."
Article title : Customer relationship management
"and quickly growing stand-alone CRM solutions, established enterprise resource planning (ERP) software companies like Oracle, Zoho Corporation, SAP, Peoplesoft..."
Article title : Chartered Institute of Personnel and Development
"Development (CIPD) is an association for human resource management professionals. Its headquarters are in Wimbledon, London, England. The organisation was founded..."
Article title : Master of Business Administration
" Accreditation bodies for business schools and MBA programs ensure consistency and quality of education. Business schools in many countries offer programs..."
Article title : Peter Drucker
"Business School Publishing) 1999: Management Challenges for 21st Century (New York: Harper Business) 1999: Managing Oneself (Boston: Harvard Business..."
Article title : Time management
"Machine, Business Insider, (accessed 31 March 2015) Project Management Institute (2004). A Guide to the Project Management Body of Knowledge (PMBOK Guide). Project..."
Article title : United Nations Guiding Principles on Business and Human Rights
"The United Nations Guiding Principles on Business and Human Rights (UNGPs) is an instrument consisting of 31 principles implementing the United Nations..."
London Business School (LBS) is a business school and a constituent college of the federal University of London.
London Business School was founded in 1964 and awards post-graduate degrees (Master's degrees in management and finance, MBA and PhD).
LBS is widely considered to be one of the world's best business schools and its motto is "To have a profound impact on the way the world does business".
LBS was ranked 1st in Europe (2014, 2015, 2016, 2017, 2018) by the MBA Guidebook and the Financial Times and 2nd in the world (for Business and Management Studies; 2017)
by the QS ranking.
LBS' post-experience Masters in Finance programme is ranked 1st in the world by the MBA Guidebook.
The main campus is located in London next to Regent's Park in Sussex Place, built by the architect John Nash. In 2015, the school acquired the Marylebone Town Hall
and spent £60 million to refurbish it with the objective of expanding its teaching facilities by 70%.
LBS also has a secondary campus in Dubai, dedicated to Executive Education and the Dubai Executive MBA.
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