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Introduction to Hrm

Introduction to Hrm

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Published by: rahul_sharmaonly on Aug 27, 2009
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01/25/2013

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Unit 1
Human Resource Management
Human resources
is an increasingly broadening term with which an organization, or other human system describes the combination of traditionally administrative personnelfunctions with acquisition and application of skills, knowledge and experience, employeerelations and resource planning at various levels. The field draws upon conceptsdeveloped in Industrial/Organizational Psychology and System Theory. Human resourceshave at least two related interpretations depending on context. The original usage derivesfrom political economy and economics, where it was traditionally called labor, one of four factors of production although this perspective is changing as a function of new andongoing research into more strategic approaches at national levels. This first usage isused more in terms of 'human resources development', and can go beyond justorganizations to the level of nations. The more traditional usage within corporations and businesses refers to the individuals within a firm or agency, and to the portion of theorganization that deals with hiring, firing, training, and other personnel issues, typicallyreferred to as 'human resources management'.Different terms are use to denote humanresource management. They are labour management, labour administration, labour management relations, employee employer relations, industrial relations, personaladministration and human asset management.In simple words it can be defined as Employing people, maintaining and compensatingtheir series in time with the job and organizational requirement. Human resourcemanagement is also an managerial function concerned with hiring, motivating andmaintaining people in an organization. It generally focuses on people in organization.Human- People/usResource- Assets/ costs of organizationManagement- it is controlling and coordinating to achieve some common goals or objective.HRM is generally a search for ‘best practices’ to generate high levels of employees,commitment and performance.A)Rational or economic view- emphasis on people as costs and resources to beworked to secure efficiency.B)Social or psychological view- Emphasis on people as not cost but as involvement.Human resource management serves these key functions:1.Recruitment & Selection2.Training and Development (People or Organization)3.Performance Evaluation and Management4.Promotions/Transfe5.Redundancy

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