Professional Documents
Culture Documents
E.mail: razahussain10312@gmail.com
2 Quiz 10
Recommended Textbook:
1.Human Resource Management by Gary Dessler (16th Edition (2022)
2.Notes/other material
Raza Hussain Lashari (Senior Lecturer DMS)
Raza Hussain Lashari (Senior Lecturer DMS)
Part 01: Introduction to Human Resource Management
Chapter 01:Introduction to Human Resource Management
MANAGERIAL LEVEL
Top Managers
Who are responsible for making organization-wide decisions and establishing the plans and goals that affect the entire organization.
e.g. Managing director, Chief operating officer, Chief executive officer, or Chairman of the board.
Middle Mangers
Those managers between the lowest level and top levels of the organization who takes information from top and deliver first line
managers.
e.g. Regional manager, Project leaders, Division manager.
First-Line Managers
who manage the work of non- managerial employee.
e.g. Supervisors or even shift managers, office managers.
Management involves coordinating and overseeing the work activities of others so their
activities are completed efficiently and effectively.
Efficiency refers to getting the most output from the least amount of inputs or resources.
Effectiveness is often described as “doing the right things,” that is, doing those work
activities that will result in achieving goals.
Most writers agree that managing involves performing these basic functions: planning, organizing,
leading, and controlling.
Manager Leaders
Managers are appointed and have legitimate Leaders are those persons who are able to
power within the organization. influence others and who possess
managerial authority.
Planning: determining organizational goals and the means for achieving them
Organizing: deciding where decisions will be made, who will do what jobs and tasks,
and who will work for whom
Leading: inspiring and motivating workers to work hard to achieve organizational goals
Controlling: monitoring progress towards goal achievement and taking corrective action
when needed
Assure: Good managers are those who assure themselves to perform these functions
well.
●Ethical Practice The ability to integrate core values, integrity, and accountability
● Business Acumen The ability to understand and apply information with which
● Global and Cultural Effectiveness The ability to value and consider the perspectives
People increasingly view financial inequity as offensive, more and more people say that
businesses (and their HR teams) can't just measure “performance” in terms of maximizing
profits. They argue that companies’ efforts should be “Sustainable,” by which they mean judged
not just on profits, but also on their environmental and social performance as well.
Fifth, employee engagement refers to being psychologically involved in, connected to, and
committed to getting one’s jobs done. Engaged employees “experience a high level of
connectivity with their work tasks,” and therefore work hard to accomplish their task-related
goals. Employers expect HR to help achieve employee engagement today.
Stakeholder Stockholder
A stakeholder is anyone that has an interest or is A stockholder or shareholder is the holder or owner
affected by a corporation. of stock in a corporation. Both the
Other stakeholders in a corporation include the terms stockholder and shareholder refer to the owner
employees, the employees' families, suppliers, of shares in a company, which means that they are
customers, community, and others. part-owners of a business
• Owners
• Creditors
• Employees
• Customers
• Suppliers
Important Terms
Brain Drain: the loss of intellectual property
Downsizing: Periodic reductions in a company's work force
Rightsizing: Employing & maintaining exact number of employees with required skills, abilities and knowledge to
perform the existing number of jobs in an organization.
Ethics
The principles of conduct governing an individual or a group; specifically, the standards you use to decide what your
conduct should be.
Social Responsibility: Corporate social responsibility (CSR) refers to the extent to which companies should and do
channel resources toward improving one or more segments of society other than the firm’s owners or stockholders.
Outsourcing Firms: The process of transferring responsibility for an area of service and its objectives to an external
provider.
Workplace Diversity: The ways in which people in an organization are different from and similar to one another.
Raza Hussain Lashari (Senior Lecturer DMS)
Part 01: Introduction to Human Resource Management
Chapter 01:Introduction to Human Resource Management
Important Terms
Gig Economy: The Gig Economy, as it is called, is that segment of the labor market which is characterized by
the prevalence of short term contracts or freelance work as opposed to permanent jobs. It is not altogether a
new concept. This working framework has existed since businesses started hiring temporary or seasonal
workers. For a developing country like Pakistan, with unemployment being a concern and with 64% of its
population under the age 30 (the youth, aged 15-29 make up 41.6% of the country’s total labor force, according
to the Pakistan National Human Development Report by the UNDP, the gig economy model may be a welcome
solution.
An Oxford internet Institute (OII) report ranks Pakistan 4th in the global digital gig market place, with about 8%
of the total freelance work in 2017. In 2021, Pakistan generated an amount of $500 million entirely from
freelancing and has ranked the 4th fastest growing markets in the world for freelancers. However, a large
proportion of the labor currently employed within the gig economy in Pakistan tends to be those who are
previously unemployed or have very little experience or skills.