Meaning Of HRM

HRM is concerned with the human beings in an organization Human resource is the total knowledge, abilities, skills, talents and aptitude of an organisation s work force. It is that process of management which develops and manages the human elements of enterprise. An important element of HRM is the humane approach while managing people

Definitions
 A process consisting of the acquisition,
development, motivation and maintenance of human resources. - Steven P. Robbins  HRM is the planning , organising , directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual , organisational and social objectives are accomplished . - Flippo

Nature of HRM
1. 2. 3. 4. 5. 6. 7. 8. 9. Part of process of Management. Comprehensive function. People oriented. Based on human relations. Pervasive function. Continuous process. Science as well as art. Recent origin. Interdisciplinary.

Need for HRM Approach

 For Better Industrial Relations.  Develop Organizational Commitment.  Coping with Changing Environment.  Change in Political Philosophy.

HRM Vs HRD
Human Resource Management
1) HRM stands for Human Resources Management, which refers to the art of managing all aspects of the human work force at a company or organization. 2) HRM deals with the day to day operations of the human resources department. 3) HRM is concerned with people only.

Human Resource Development

1) Human Resource Development (HRD) is the framework for helping employees develop their personal and organizational skills, knowledge, and abilities. 2) HRD deals with the training and the developmental aspect of employees. 3) HRD is developing the whole organization.

Human Resource Management

Human Resource Development

4)

HRM is basically the responsibilities 4) HRD is involvement of the entire of the HR department. work force from top to bottom is more and a must in most of the cases. HRM is concerned with recruitment, 5) HRD is concerned with employee rewards. skills development. HRM functions are mostly formal. 6) HRD functions can be informal

5)

6)

Retaining suitable persons

Creating work culture Conducting research

Developing communica tion system

SCOPE OF HRM
Educating personnel Developing persons

Recent origin

Lack of Management support

LIMITATIONS OF HRM

Inadequate information

Improper implementation

FUNCTIONS OF HRM Managerial

Planning

Operative
Employment
Human resource Development

Organizing

Directing

Compensation Human Relations Maintenance

controlling Coordinating

Challenges for HRM

 Globalisation of Business.  Social Factors.  Technological Changes.  Work Force Diversity.  Trends in Nature of Work.

Submitted by :Neha garg Roll. No. 8422