Professional Documents
Culture Documents
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Session 1
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M Leon C. Megginston,
- uman resources ±
M ³total knowledge, skills, creative abilities,
talents and aptitudes of an organization¶s
workforce, as well as t e value, attitudes
and beliefs of t e individuals involved
involved..
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M Geople manifest not only t roug
individuals sections but also t roug
group interactions.
interactions.
M w en individuals come to t eir workplace
tec nical skills,
knowledge etc.
etc.,
personal feelings ,
perception,
desires, motives,
attitude, values etc.
etc.
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M a
ÑHRM)represents a broad
based understanding of t e problems of people and t eir
management in view of t e development of be avioral
science knowledge
M It is t e strategic and co erent approac to t e
management of an organisation's most valued assets - t e
people working t ere w o individually and collectively
contribute to t e ac ievement of t e objectives of t e
business..
business
M It is a set of interrelated policies wit an ideological and
p ilosop ical underpinning
underpinning.. It is concerned wit t e
employment, development and reward of people in org and
t e conduct of relations ips b/w mgt and workforce.
workforce.
M It involves all line managers and team leaders but HR
specialists exist to make important contributions to t e
process involved.
involved.
[
M ³a series of activities which
which:: first enable
working people and their employing
organisations to agree about the
objectives and nature of their working
relationship and, secondly, ensures that
the agreement is fulfilled³
M w ile Miller Ñ1987
1987)) suggests t at HRM
relates to:
to:
M å those decisions and actions which
concern the management of employees at
all levels in the business and which are
related to the implementation of strategies
directed towards creating and sustaining
competitive advantageå p
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M .auman resource:
resource: Knowledge, skill sets, expertise of
employees, t e adaptability, commitment and loyalty of
employees.. Skills
employees Skills:: T e individual abilities of uman beings
to perform a piece of work.
work.
M esource:: T e stock of assets and skills t at belong to a
esource
firm at a point of time.
time.
M iapability:: T e ability of a bundle of resources to perform
iapability
an activity;
activity; a way of combining assets, people and
processes to transform inputs into outputs
outputs..
M iore competencies:
competencies: ctivities t at t e firm performs
especially well w en compared to its competitors and
t roug w ic t e firm adds value to its goods and services
over a long period of time.
time.
M iompetitive advantage
advantage:: It comes from a firm's ability to
perform activities more distinctively and more effectively
t an rivals.
rivals. To attain competitive advantage, firms need to
add value to customers and offer a product or service
t afcannot be easily imitated or copied by rivals
niqueness
M Aalue:: Sum total of benefits received and costs paid by t e
Aalue
customer in a given situation.
situation.
G
M If t e skill and t e will are properly
applied, wonderful t ings can appen:
Human resources elp in transforming t e
lifeless factors of production into useful
products.
T ey are capable of enlargement i.e. capable
of producing an output t at is greater t an t e
sum of inputs. Once t ey get inspired, even
ordinary people can deliver extraordinary
results.
T ey can elp an organization ac ieve results
quickly, efficiently and effectively.
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M Managerial Functions
M Operative Functions
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M T e overall purpose of HRM is to ensure t at t e org is able to ac ieve
success t roug people
people..
range of services n
obtain and retain t e skilled, committed and well-
well-motivated workforce
it needs
En ance and develop t e in erent capacities of people- people- t eir
contributions, potential and employability-
employability- by providing learning and
continuous development opportunities
climate -productive and armonious relations ips , mutual trust can be
developed
Environment -teamwork and flexibility can flouris
balance and adapt to t e needs of its stake olders
people are valued and rewarded for w at t ey do and ac ieve
Manage a diverse workforce, taking into account individual and group
differences in employment needs, work style and aspirations
equal opportunities
dopt an et ical approac to managing employees w ic is based on
concern for people ,fairness and transparency
Maintain and improve t e p ysical and mental well-
well-being of employees
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M HRM is a distinctive approac to employment
management w ic seeks to obtain competitive
advantage t roug t e strategic deployment of a
ig ly committed and skilled workforce, using an
array of cultural, structural and personal
tec niques
Conducting job analyses
Glanning labor needs and recruiting job candidates
Selecting job candidates
Orientating and training new employees
Managing wages and salaries
Groviding incentives and benefits
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