MANAGEMENT PRESENTED BY MUHAMMAD ADIL MANSOOR KHAN JUNAID KHAN
HUMAN RESOURCE MANAGEMENT (HRM)
Human resource management (HRM) is the set of activities
directed at attracting, developing, and maintaining the effective workforce necessary to achieve a firm’s objectives. Recruiting and selecting employees, providing training and development, appraising performance, and providing compensation and benefits are all part of HRM. IMPORTANCE OF HRM
Behind production of every product or service there is a human
mind, effort and man hours (working hours). No product or service can be produced without help of human being. Human being is fundamental resource for making or construction of anything. Every organization desire is to have skilled and competent people to make their organization competent and best. FUNCTIONS OF HRM
• 1.Human Resource Planning
• 2.RECRUITMENT • 3.Traning and Development • 4.Emplyee Benefits • 5.Performance Management • 6.Employee Relations 1. Human Resource Planning
Human resource planning is a systematic and strategic process
aimed at evaluating the current state of an organization’s human resources and predicting its future workforce requirements. Also known as workforce planning, human resource planning helps organizations recruit, retain, and optimize the deployment of people they require to meet strategic business objectives and respond to changes in the market and the general environment. 1. Human Resource Planning 2. Recruitment
• Unarguably the most important function in the HR domain, it
requires you to understand a company’s talent requirement, design job descriptions, lists the openings on various job portals, conduct interviews/assessment tests and selects the qualified candidates. 3. Training and Development
Training and Development is one of the most important functions
of Human Resource management in any of the organization. The objective of this Training is to enhance employees’ skills behavior and expertise by putting them into learning new techniques of doing work. Employee Training and Development helps in updating employees’ skills and knowledge for performing a Job which at the end results in increasing their work efficiency and increase the productivity of an organization. 3.Training and Development 4. Employee Benefits
Employee Benefits are generally the additional payment or compensation
paid to the employees apart from their basic salary as well as wages. There are various types of employee benefits, and we’ll outline some common examples of employee benefits. 1.Paid leave, sick leaves, and vacation days 2. Life insurance 3. Health insurance 4. Dental insurance 5. Vision insurance 5. Performance Management
Performance management is the process of ensuring that a set of
activities and outputs meets an organization's goals in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, an employee, or the processes in place to manage particular tasks IMPORTANCE
Performance Management helps you track your employees'
performance and tells you whether or not they need extra support, can handle a higher-level training, or deserve a raise. It is important to have a structured Performance Management and tracking process to maintain a high standard for your organization. Performance Management Cycle 6. Employee Relation
Employee Relationship Management or ERM is the process of
managing relationships in an organization. These relationships can be between the organization and employees as well as coworkers working at the same level. For employees to be productive, they need to have a working environment that allows them to be creative. When employees have an easy-going relationship with others at work, it will show in their performance and productivity. There will be more communication, collaboration, and cooperation.