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  • Human Resource Management

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    Human Resource Management involves planning, organizing, directing, and controlling how human resources are procured, developed, compensated, integrated, maintained, and replaced in order to accomplish individual, organizational, and societal objectives. The objectives of HRM include helping change management, building a good company brand, motivating the workforce, satisfying employee needs, employing resources efficiently, conducting training, providing a conducive work environment, enhancing job satisfaction, and developing work-life balance. HRM encompasses functions like employment selection and training, employee services, wages, industrial relations, health and safety, and education. It is important at the corporate, professional, social, and national levels by attracting and retaining talent, providing training and motivation

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    Unit 1

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    Human Resource Management involves planning, organizing, directing, and controlling how human resources are procured, developed, compensated, integrated, maintained, and replaced in order to accomplish individual, organizational, and societal objectives. The objectives of HRM include helping change management, building a good company brand, motivating the workforce, satisfying employee needs, employing resources efficiently, conducting training, providing a conducive work environment, enhancing job satisfaction, and developing work-life balance. HRM encompasses functions like employment selection and training, employee services, wages, industrial relations, health and safety, and education. It is important at the corporate, professional, social, and national levels by attracting and retaining talent, providing training and motivation

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
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    17 views12 pages

    Human Resource Management

    Uploaded by

    yachikabhardwaj
    Human Resource Management involves planning, organizing, directing, and controlling how human resources are procured, developed, compensated, integrated, maintained, and replaced in order to accomplish individual, organizational, and societal objectives. The objectives of HRM include helping change management, building a good company brand, motivating the workforce, satisfying employee needs, employing resources efficiently, conducting training, providing a conducive work environment, enhancing job satisfaction, and developing work-life balance. HRM encompasses functions like employment selection and training, employee services, wages, industrial relations, health and safety, and education. It is important at the corporate, professional, social, and national levels by attracting and retaining talent, providing training and motivation

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 12

    Human Resource Management

    The Concept
    In the words of Flippo, HRM is Planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished.

    Objectives of HRM
    1. Helps in Change Management through better employee morale. 2. To build a good brand image in the minds of employees, shareholders, creditors, customers and society at large. 3. To motivate the workforce. 4. To satisfy individual and group needs of employees through monetary and nonmonetary incentives.

    Objectives of HRM
    5.To employ the human resources efficiently and effectively. 6.To conduct training and development programs. 7.To provide conducive working environment and facilities. 8.To enhance job satisfaction and selfactualization.

    Objectives of HRM
    9. To develop and maintain quality work life or a work life balance.

    Scope of HRM
    (a) (b) (c) (d) (e) (f) (g) The functional areas of HRM are outlined by Northcott as follows : Employment Selection and Training Employee services Wages Industrial relations Health and safety Education

    Importance of HRM
    The importance of HRM is at four levels: (a) Corporate (b) Professional (c) Social (d) National

    Importance of HRM
    Corporate Attracting and retaining talent through effective human resource planning, recruitment, selection, compensation and promotion. Effective Training modules. Employee co-operation through motivation. Effective utilization of human resources.

    Importance of HRM
    Professional Providing maximum opportunities of personal development of each employee. Proper and scientific work allocation. Maintaining healthy relations between individuals and groups.

    Importance of HRM
    Social Increased employment opportunities. Optimum use of scarce talent. Fair remuneration and benefits to employees leads to stability of tenure. Strike a balance between job seekers and job availabilities. Provide social and psychological satisfaction to employees.

    Importance of HRM
    National HRM effects the national development at large. Development of a country depends largely on the attitudes, values and skills of its work force. Effective HRM leads to increased economic growth, which in turn leads to higher standard of living and fuller employment.

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