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Human Resource Management

HRM refers to managing people in an organization to ensure they are committed and contributing to its objectives. It aims to retain employees for the long term through training, motivation, effective utilization of skills, and competitive compensation and benefits. The core functions of HRM are selection, appraisal, reward/motivation, and development of employees. The goals of HRM are to increase productivity, enhance the company image, create a healthy culture, and ensure competitiveness through a skilled and developed workforce.

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Jesse Jhangra
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179 views

Human Resource Management

HRM refers to managing people in an organization to ensure they are committed and contributing to its objectives. It aims to retain employees for the long term through training, motivation, effective utilization of skills, and competitive compensation and benefits. The core functions of HRM are selection, appraisal, reward/motivation, and development of employees. The goals of HRM are to increase productivity, enhance the company image, create a healthy culture, and ensure competitiveness through a skilled and developed workforce.

Uploaded by

Jesse Jhangra
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Human Resource Management

HRM refers to people management in such a way that they are committed, integrated and contributing to the objectives of the Organization. It also makes sure that they stay with the Organization for fairly a long time (low attrition rate) though not wedded to the Organization.

Whenever we talk of human resource management, we have in our mind a variety of things. These include: training, skill development and up gradation of knowledge and skills of the employees, motivating the employees, effective utilisation of the employees skills and capabilities, attracting the personnel and their retention, wages, salaries and rewards, and monitoring and controlling the employees performance

Human resource management touches almost upon every aspect of interaction between organisation and its people. It is well accepted that what is in the best interest of people is also in the best interest of the organisation. The success of an organisation would depend on the quality of people within it and management of people is one of the most important issue before the organisational leaders. The HRM encompasses all the tasks, duties and functions required to support the personnel related assignments, recruitment, selection, job analysis, compensation, performance, appraisal, training and development, terminal benefits, grievance procedures, employee motivation and career paths.

HRM basically is attention paid to personnel as a resource and emphasises that people require the same consideration as other organisational resources. People are regarded as investments which yield varying results depending upon how the investment is treated. Accordingly, Ross (1981) noted that if an organisation views its present and future employees as resources rather than purchased services then it has begun the process of human resource management. There are four generic functions, that are performed by a Human Resource Management System in all organisations selection, appraisal, reward/motivation and development.

The efficient and effective management of human resources results in;


High productivity - increased profits growth - increased market value Enhanced company image - customer satisfaction Healthy organizational climate and culture - effective communication Competitiveness and development orientation

Objectives of HRM
HRM objectives can be broadly categorized into four types as presented below. Organizational Objectives: The primary objective of HRM is to build the Organization with quality and committed human resource and ensure the achievement of Organizational objectives. Functional Objectives: HRM should ensure that the right person is assigned to the right job at the right time. It should facilitate quality performance by way of providing appropriate human resource policy framework.

Personal Objectives: HRM aims to assist employees in achieving their personal goals because these goals enhance the individuals contribution towards the achievement of Organizational goals through proper training and product knowledge. This is necessary to maintain, retain and motivate the employees in the Organization which will ultimately enhance employee performance and satisfaction. Societal Objectives: Organizations need to be ethically and socially responsible to the needs and challenges of the society. The HRM of an Organization should work for satisfying such societal objectives while minimizing the negative impact of such measures upon the Organization.

Core Elements of HRM


It is necessary to identify the core elements of HRM in order to understand the activities of HRM clearly. The five core elements are: People: Organizations mean people who are staff and manage Organizations. Organizational performances depend upon the performance of people in the Organization. Management: HRM involves application of management functions and principles for acquisitioning, developing, maintaining and remunerating employees in Organizations.

Integration and Consistency: Decisions related to people must be integrated and consistent, in order to achieve Organizational effectiveness in the long run. Influence: Decisions must influence the effectiveness of Organization in providing quality products and services to customers and in achieving Organizational goals. Applicability: HRM principles are applicable to business as well as non business Organizations like education, health, recreation, etc.

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