DEFINITION OF HRM

• Strategic and coherent approach to the

management of an organization’s most
valued asset – the people working there
who individually and collectively contribute
to the achievement of its objectives.
 HUMAN RESOURCE SYSTEM

• HR philosophies (values and guiding principles

adopted in managing people)
• HR strategies (defining the direction)
• HR policies (how values, principles should be
applied)
• HR processes ( formal procedures and methods to put
HR plans into effect)
• HR practices ( formal and informal approaches used)
• HR programs (which enable strategies, policies,
practices to be implemented)
 ELEMENTS OF HUMAN
RESOURCE CYCLE

1.Selection: matching available human resources to jobs

2.Appraisal: performance management

3.Rewards: focus on organizational performance (most under-

utilized and mishandled tool)
• short-term and long-term

4.Development – developing high quality employees

EVOLUTION OF HRM
HISTORICAL MILESTONES IN HRM
DEVELOPMENT
 PERSONNEL MANAGEMENT
VS
HUMAN RESOURCE MANAGEMENT
FUNCTIONS OF HRM
OBJECTIVES OF HRM
HUMAN RESOURCE DEVELOPMENT
 DEFINITION OF HRD

• A set of systematic and planned activities

designed by an organization to provide its
members with the necessary skills to meet
current and future job demands.
FUNCTIONS OF HRD SYSTEM
NATIONAL INSTITUTE OF BANK
MANAGEMENT (NIBM)
CHALLENGES FACED BY PUBLIC SECTOR BANKS
HR CHALLENGES POST COVID-19
 Employee Managing
Communication Remote Work