FUNDAMENTALS OF HRM

Human

resource management is a process of bringing people and organization together so that the goals of each are met. HRM is the art of procuring, developing and maintaining competent workforce to achieve the goals of an org. in an effective and efficient manner. The principle component of an orgn is its human resources or people at work. The objective of HRM is to understand what has happened and is happening and to be prepared for what will happen in the area of working relationship between the managers and the managed.

FEATURES
1. 2. 3. 4. 5. 6. 7. 8.

ACTION ORIENTD INDIVIDUALLY ORIENTED PEOPLE ORIENTED DEVELOPMENT ORIENTED INTEGRATING MECHANISM INTER DISCIPLINARY FUNCTION PERVASIVE FORSE CONTINUOUS FUNCTION

CONCEPTS

It covers all levels of personnel including blue collared and white collared employees. It is concerned with employees both as individual and groups, the aim is to get better results with their collaboration and active involvement in the organization activities. HRM is concerned with helping the employees to develop their potentialities and capacities to maximum possible extent. HRM is inherent in all organizations.It permeates all types of functional management.

OBJECTIVES OF HRM

To help organization to reach its goals To employ the skills and abilities of workforce efficiently. To provide the organization with well trained and well motivated employees. To increase to the fullest the employees job satisfaction and self actualization. To develop and maintain a quality of work life. To help maintain ethical policies and behavior.

Importance of HRM
At

the enterprise level(attracting and retaining the best people). At the individual level(promote team work and offers growth opportunities) At society level.(employment opportunity multiplies)

FUNCTIONS OF HRM

Managerial function:Planning Organising Directing Controlling

Operating function
Employment
1. Job

analysis 2. Human resource planning 3. Recruitment 4. Selection 5. Placement 6. Induction and orientation

Human resource development

1. Performance

appraisal

2. Training
3. Management

development 4. Career planning and development 5. Organisation development.

Compensation
Process of providing equitable and fair remuneration .It includes: Job evaluation Wage and salary admn Incentives Fringe benefits