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Human Resource Management: Chapter One-An Overview of Advanced HRM
Human Resource Management: Chapter One-An Overview of Advanced HRM
“ You can get capital and erect buildings , but it takes people to build a business .”
Thomas J. Watson
(The founder of IBM)
Learning objective
- What is HRM
- Nature of HRM
- Objectives of HRM
- Importance of HRM
- Functions Of HRM
- Organisation of HR department
- Models of HRM
- Evolution of HRM
- System approach to HRM
- Strategic HRM
- Traditional HR versus Strategic HR
- Skills for HR professionals
‘ Employees are the most important
asset of the organization ’
Individu
- ally
Interdis oriented
c-
iplinary
function
Nature People
Of oriente
Auxillary d
service HRM
Future
oriente
Compre d
-
hensive
functio Integrati- Develo-
n ng pment
mechanism oriente
d
Welfare Aspect
Personal Aspect
Industrial Relations
Aspect
Personal
Functional
Societal
Organisationa
l
Legal Compliances
Societal Benefits
Union Management Relations
Appraisal
Functional
Placement
Assesment
B – Development :
- Training
- Executive development
- Career planning
- Succession planning
- Human resources
C – Motivation And Compensation :
- Job design
- Work scheduling
- Motivation
- Job evaluation
- Performance and potential appraisal
- Compensation administration
- Incentives benefits and services
D – Maintenance :
- Health
- Safety
- Welfare
- Social Security
E–
Integration :
- Grievances
- Discipline
- Teams and
team work
- Collective
bargaining
- Participati
on
- Empower
ment
- Trade
F – Emerging
Issues :
- Personal records
- Personal audit
- Personal
research
- HR accounting
- Human
Resource
Information
System ( HRIS )
- Job stress
- Counselling
HRM in Small Scale Unit :
Owner /
Manage
r
Personal
Assistan
t
Chairman /
MD
Manager
Manager Admin Manager HRD Manager
Personnel
IR
Training &
Appraisal
Developmen
t
Grievance Compen-
HRP Hiring sation
Handling
- The Commodity Concept ( labour was regarded as commodity to be brought and sold )
- The Factor Of Production Concept ( labour is like any other factor of production )
- The Human Resource Concept ( employees are most valuable assets of organisation )
HR Subsystem
Procurement Marketing
Finance Training
subsystem Compensation subsystem
Appraisal
Rewards
Technical
subsystem
Comprehensiveness
Credibility Communication
Change
Control Cost-
Commitment effectiveness
Competence Creativity
Coherence
1. The Fombrum Model
Human resource
development
Organisational
Selection Appraisal
effectiveness
Rewards
2. The Harvard Model
Stakeholder
interest
-
Manageme
nt
-Employee HRM policy Long term
groups Human
choices consequences
- Resource
- -Individual
Governmen Outcomes
Employe well –
t -
e being
- Situational factors Commitm
influence -
Community ent
-Workforce -HR flow Organisationa
-Unions -
characteristics -Reward l
Competen
-Business system effectivenes
ce
strategy -Work s
-
- system -Social well –
Congruen
Managemen being
ce
t -Cost –
philosophy effectiveness
-Labour
market
1. The Guest Model
Perform
Behavio a nce
- ural Outcom
HRM Outcom e s
Practices - es Positive
Hiring HR
Motivat- Producti- Financia
HRM Training Outcome
ion vity l
Strateg- Appraisal s Commit-
Co- Innova- Outcome
ies ment
ope- tion- s
Compens Quality
ration Quality Profit
ation Flexibility
Organi- Negative ROI
Industrial
Absent-
relations
sational eeism
citizen- Turnover
ship
1. The Warwick Model
Outer context
Socio-
economic
Technical
Political-legal
Competitive
Inner Context
Structure
Politics/leadership
Task technology
Business outputs HRM Context
Business Strategy
Content Role
Objectives Definition
Product market Organisation
Strategy & tactics HR outputs
HRM Content
HR flows
Work system
Reward system
Employee
Benchmarks Personnel Management Human Resource
Management
Evolutionary Succeeded IR but Succeeded PM and ruled
preceded HRM for a long time . Started
during 1980s and carried
acceptance today
Strategic partner
Matching process,
All managers Employees are integrating the
are resource viewed as organization’s
managers assets goals with
employees’ needs
38
Company Strategy
39
Focus on building human
capital
1
Development of
2
global
HR strategies IHRM
3
The using of
information
technology
40
Business
Mastery
Personal
Credibility
HR Change
Mastery
Mastery
Business Mastery Business acumen
– Customer orientation
Knowledge in all functional
areas
External relations