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defination
According to the Invancevich and Glueck, “HRM is concerned with the most
effective use of people to achieve organizational and individual goals. It is the
way of managing people at work, so that they give their best to the organization”.
In short Human Resource Management (HRM) can be defined as the art of
procuring, developing and maintaining competent workforce to achieve the goals
of an organization in an effective and efficient manner
function
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such as knowledge, skills, and experience needed to perform the job. The
end result of job analysis is job description. Job description spells out work
duties and activities of employees.
5. Total Rewards: Compensation in the form of pay, incentives and benefits are
the rewards given to the employees for performing organizational work.
Compensation management is the method for determining how much
employees should be paid for performing certain jobs. Compensation affects
staffing in that people are generally attracted to organizations offering a
higher level of pay in exchange for the work performed. To be competitive,
employers develop and refine their basic compensation systems and may
use variable pay programs such as incentive rewards, promotion from within
the team, recognition rewards, balancing team and individual rewards etc.
This function uses rewards to motivate personnel to achieve an
organization’s goals of productivity, innovation and profitability.
Compensation is also related to employee development in that it provides an
important incentive in motivating employees to higher levels of job
performance to higher paying jobs in the organization.
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and employees alike know what is expected. In some organizations,
union/management relations must be addressed as well. The term labour
relation refers to the interaction with employees who are represented by a
trade union. Unions are organization of employees who join together to
obtain more voice in decisions affecting wages, benefits, working conditions
and other aspects of employment. With regard to labour relations the major
function of HR personnel includes negotiating with the unions regarding
wages, service conditions and resolving disputes and grievances.
In order to attract the right individuals for your organization, you first need to
have a clear understanding of the requirements of the job and the objectives of
the company. But as roles and expectations are continuously changing in the
modern workplace, modifying your recruitment strategy to your shifting
organizational culture can be difficult. A good starting point to grappling with this
challenge in 2020 is to first examine how and where your company is marketing
its vacancies. Identify the platforms and mediums your target talent is most likely
to be frequenting, focusing most of your advertisements there. The preferred
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platforms will depend largely on your target talent’s skills, industry, and job level,
so advertising in the spaces where candidates with those target characteristics
will see it will save you a lot of time in the screening stage.
Once you have gathered a pool of potential candidates from your advertisement
efforts, it is now time to screen them. Rather than sticking by the traditional
screening method of assessing how well the candidate is fit for the job, it is more
critical than ever to focus instead on how well they will fit into the organization.
Generate interview questions that gauge their willingness to learn, their
readiness for taking on challenges, and their comfort level with change and
adaption to the current shifting nature of work itself. By focusing on these
essential qualities, you are much more likely to create a team of employees who
can remain responsive and comfortable with change, even as organizational
needs transform and shift over time. Remaining vigilant to the future of your
company, rather than assessing they are a good fit today, is critical to
overcoming this HR challenge.
2. Embracing Change
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will be coming and equip employees with the skills and competencies they will
need to respond to and overcome it.
3. Developing Leaders
According to a 2018 survey, employees with poor relationships with their direct
managers are four times more likely to separate from their company than
employees who feel their leader is competent and skilled..
4. Managing Diversity
Globalization and diversification are affecting business everywhere. Not only are
customer reaches extended past the traditional Head Offices, but talent can now
be sourced from across oceans and borders.
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5. Monitoring Health and Safety
Keeping in line with health and safety standards have always been one of the
most obvious HR challenges faced by businesses globally. Not only are these
concerns governed by regional labor laws, they are also incredibly important to
overall employee wellbeing, an area under increased focus as of late.
In 2020, health in the workplace is about much more than just hygiene and
safety. Higher demands and arduous workloads can cause the psychological
well-being of your employees to deteriorate or lead to employee burnout
altogether. Periods of stress are to be expected, and some employees may even
produce their best work under times of healthy pressure, but high levels of stress
are simply damaging over long periods of time.
In response to the pandemic, employee stress levels are resting at an even
higher rate than usual. This means being receptive to their individual health
during this time and remaining aware of the need for appropriate levels of
organizational lenience, is as critical as ever. Keeping a close eye on escalating
workloads and stress levels, and checking in with your employees regularly, is a
good way to overcome this HR challenge. An open-door policy where employees
can freely discuss their anxiety, issues with their working hours, and any unfair
expectations with you is critical.
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employee experience that is above that of your competition. Offer engaging
online training opportunities, benefits for gym facility access, flexible working
time, remote work arrangements (though many organizations have been forced
into this practice regardless), or other incentives you feel would best keep your
employees content in their working environment. The best way to combat this
HR challenge is to create a culture that solicits the opinions of their employees
and that responds, by building sustainable programs and initiatives that both
address and support those needs.
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1. Points rating - Different levels are accorded to the various elements of jobs
and then the points allocated to different levels are totaled to get point score
of the jobs which forms the basis of pay structure.
4. Paired comparison - Jobs are compared with each other and allocated
points depending on being ‘greater, lesser or equal’. These points are added
to create rank order of jobs
The systematic process of job analysis and evaluation followed by the firm
includes:
Information can also be gathered from previous job analysis and evaluation
reports.
When job/role is new in organization, then information for the same may be
obtained from other similar organizations having such job/role, and by
understanding the reasons for creating that job/role from the concerned authority
in the organization.
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Job Analysis and Job Evaluation are important to an organization to ensure a
sound organizational structure, internal pay equity and external market
competitiveness. The data and analysis resulting from these two processes will
be critical for other human resource processes such as recruitment and
selection, training and development, performance appraisal, as well as various
compensation processes.
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conclusion
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1. Recruitment is the process of finding candidates for the vacant position and
encouraging them to apply for it. Selection means choosing the best
candidate from the pool of applicants and offering them the job.
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8. • To try and relate people and work so that the organization objectives are
achieved efficiently and effectively.
10. • To provide co-ordination and support services for the delivery of HRD
programmes and services
No doubt, talent management and its impact on business results has been the
most reliable metric for looking at ROI in HR. Hence, it is crucial for HR to
develop talent strategies that are aligned to the business objectives. “When we
hire, we look for functional experts, cross-functional collaborators, technology
integrators and people, who are resilient. With that kind of talent in place, ROI
can be extremely high,”.
But it’s not only hiring, Planning for Human Behavioural changes towards
organizational goal in terms of intervention should also be used to determine the
ROI. This is because HR can be the key factor in differentiating one organisation
from the other. It’s the human capital- the traits that people bring to the job
(intelligence and energy), their ability to learn (aptitude, creativity, and so on),
and their motivation to share information and knowledge (team spirit and goal
orientation)- which is the most important asset for any organization and hence
the ROI of Human Capital offers the greatest long term value in the organization.
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Although organisations have been arguing on the most credible metrics for
measuring ROI on human capital, there is still no singular aspect. Most
organisations consider engagement level, reduced attrition and better business
results as the performance metric for measuring ROI on human capital and
people practices. But still, senior executives across organisations feel that there
is definitely a need for some new tools and interventions to measure the return
on HR capital, which is extremely crucial to business.
1. Apply the scientific method to analyze work and determine the most efficient
way to perform every task.
2. Match workers to jobs based on their capability and motivation and train
them to work at maximum efficiency.
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3. Provide instruction and supervision to ensure that the “best” method is being
used to complete each task.
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