The founder of Sony corporation Mr. Akio morita says that there is no magic inthe success of companies the secret of their success is simply “the way that treat their employees”
Difference between HRM and PM:
Personnel Management and HRM differ in scope.
PM is viewed as a tool. It was a routine activity meant to hire newemployees and to maintain personal records. It was never considered as astrategic management of business.
HRM would view people as an important source or asset to be used for the benefit of the organization, employees and society.
Managerial Functions of HRM:
Determination in advance of a personal program that will contribute to goalsestablished for the enterprise EVOLUTION.
This is required to carry out the plans. Designing the structure of relationshipsamong jobs, personnel and physical factors.
Before the action is started “direction “ is necessary; this may be in the form of “motivation “ “ actuation “ or “ command “.This is to get people to work willingly andeffectively.
Observation of action and its comparison with plans and correction of anydeviation that may occur at any time.
Operative Functions of HRM