Human Resource ManagementCh 18
The employees or personnel in a business that help it to achieve its goals are called humanresource.
Human Resource Management (HRM)
HRM is a strategic and coherent approach to the management of an organization’s mostvalued assets: the people working there who individually and collectively contribute tothe achievement of its objectives.
An integrated approach which ensures the efficient management of human resources. It is part of the overall business plan.
Role/Function of HRM1)Human Resource Planning
The process of determining and assuring that the organization will have an adequate number of qualified persons, available at the proper time, performing jobs, who meet the needs of the business.
Factors affecting HR planning
Demand of the product
Objectives of the business
Law regarding workers right
Workforce planning---- Full or Part Time, Temporary or Permanent
2)Recruitment and Selection
Recruitment means identifying potential qualified applicants for actual or anticipated jobvacancies. To maker sure that best person is chosen, business must be clear about,
Job AnalysisA study of what a jobs entails. It contains the skills, training and tasks that areneeded to carry out the job.
Job DescriptionInformation about Job title, detail of the tasks to be performed, responsibilities, place in hierarchy, working conditions, indicators to measure performance etc.
Job EvaluationComparing the value of different jobs in terms of skills, responsibilities, tasksetc. this allows business to decide for wage rate or salary for the job.
Internal or External RecruitmentInternal means recruiting persons from inside the organization and externalmeans recruiting persons from outside the organizationOnce the applications received then selection process can begin which is,