Human resource management

Human resource management

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  Unit 1 HRM- Elaki Page 1 Unit I - Human Resource Management HRM HRM refers to acquisition, retention, motivation and maintenance of Human Resource in an organization. HRM is the planning, organising, directing & controlling of the procurement, development, compensation integration, maintenance and separation of human resources to the end that individual, organizational and social objectives are accomplished. HRM is a study about the people in the organization-how they are hired, trained, compensated, motivated & maintained. Human resources management (HRM) is a management function concerned with hiring, motivating and maintaining people in an organization. It focuses on people in organizations. Human resource management is designing management systems to ensure that human talent is used effectively and efficiently to accomplish organizational goals.
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  Unit 1 HRM- Elaki Page 2 Objectives of HRM Societal objectives o To acquire work-life-balance o To create good relationship between the workers o To having friendly climate ex: Same uniform, canteen, bus facilities for all etc. o To give welfare to their family too o To give welfare to the surrounding community ex: CSR Organizational objectives o To improve the production and reduce the wastage o To reduce absenteeism o To retain the population o To gain profit Functional objectives o To motivate the employee (Appraisal) o To search the talent persons and the right candidates (recruitment) o To evaluate the employees (promotion or deletion) Personal objectives o To earn decent living salary in better working environment. o To get job satisfaction. o To enjoy the welfare facilities (water, canteen etc) o To gain professional growth/career growth.
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  Unit 1 HRM- Elaki Page 3 Functions of HRM Operative functions
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  Unit 1 HRM- Elaki Page 4 Challenging role of Human Resource Manager o Globalization Day by day the new cultures/concepts have been developing in and around the world. As the HR manager have to adopt those culture/concepts and train each and every employee to attain efficiently and effectively the organizational goals. Ex, Six sigma, TPM, TQM, 5s, etc o Technology Now-a-days technology plays a vital role in the management (Industry). These technologies assure safety at the work place, bring quality in production, enable profit, reduce rework percentage, maintains all records neatly, easy to access any time, etc. Ex, SAP is the German technology, 5s is the Japanese Technology, etc o Merging the company One company is buying other company which is going in loss, and after buying it, the occupier adopts his own culture to enhance the possible profit. Ex, Hamam and Rexona o Acquisition the company One company buys the other company and it changes the brand quality without changing the company name. Ex, ATC and ITC o Outsourcing Consultants are called to maintain all the company data. Ex, canteen, uniform etc o Workforce diversity To reduce absenteeism, managing the manpower, improve the skills of the employees, etc. everything can be changed only if we give proper training to them.