AN INTRODUCTION TO

HUMAN RESOURCE
MANAGEMENT
by
Ali YILMAZ

1. What are the factors of

production?

FACTORS OF PRODUCTION:
Land
Capital
Labor
Entrepreneurship
Whats the most important factor? Why?

All corporate
strengths are
dependent on
people.

What is HRM?

HRM

is defined as the function of

attracting, developing and maintaining
sufficient number of skilled employees to
perform
the
activities
to
achieve
organizational goals.

Human Resource Management

HRM is the function performed in the

organizations that facilitates the most
effective use of people to achieve
organizational and individual goals.

Challenges of HRM
Individuals differ from
one another
Customization of
stimulation and
motivation
Demanding personnel

Functions of HRM - 1

Managerial

Planning

Organizing

Staffing

Directing

Controlling

Functions of HRM - 2
Operational

Employment

HR Development

Compensation Mgt

Employee Relations

HR Planning

Performance
Appraisal

Job Evaluation

Recruitment

Training

Wage and Salary Admn

Selection

Management
Development

Incentives

Placement

Career Planning and

Development

Bonus

Induction

Fringe Benefits

What are the main activities for an

HR Manager?

Acquisition
Development
Reward and Motivation
Maintenance
Eventual Departure

HRM ACTIVITIES

Job Analysis
HRP
Employee recruitment
Employee Selection
Performance Appraisal
HR Development Activities
Career Planning and Development Activities
Compensation
Industrial Relations
Health and Safety Programs
Managing Diversity

HRP
We focus on 4Rs:
Right Number
Right Skill
Right Time
Right Cost
DEFINITION: Process of anticipating and
making provision for the movement of people
into, within, and out of an organization.

HR Development Activities
Focus on A.S.K;

Attitudes
Skills
Knowledge

Compensation
Factors affecting compensation:
Skill
Education/qualification
Experience
working conditions
Effort/job complexity
Level of responsibility

Managing Diversity
All the departments of an
organization are related to
HRD.

HR Managers should
think before others think,
and take pre-cautions.

Dealing With Surplus

Manpower
Retrenchment
Layoffs
Leave of absence without pay
Work Sharing

Reduced work hours

Early/voluntary retirement

Thank you
For your patience