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Unit-1 Introduction to HRM
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Contents HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 1
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Human Resources… Are an organisation’s greatest assets
All other resources get connected through men To make them deliver they need to be – Properly selected Properly trained Properly motivated 2
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Definitions of HRM Byers & Rue: “HRM is the function facilitating the most effective use of people to achieve both organisational and individual goals” Michael Jucious: “HRM is that field of management which deals with planning, organising & controlling the functions of procuring, developing, maintaining and utilising a labour force such that organisational & individual goals are fulfilled” 3
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HRM is Process of acquiring, training, appraising and compensating employees such that they are motivated to achieve both the organisational and individual goals 4
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Till now… HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 5
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Importance of HRM Importance of human resources can be discussed at four levels: Corporate Professional Social National
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Corporate HRM can help an enterprise in the following ways:
Attracting talent through effective HRP Developing necessary skills & attitude with training Securing cooperation through motivation Retaining talent through the right policies
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Professional HRM helps improve quality of work life and contributes to growth in the following ways: Opportunities for personal development Motivating work environment Proper allocation of work Healthy relationships between individuals & groups
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Social Society benefits from good HRM in many ways:
Good employment opportunities Development of human capital Generation of income & consumption Better lifestyles
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National Drivers of development of a country Deliver economic growth
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Till now… HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 5
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Functions of HRM The process of HRM consists of 4 basic functions:
Acquisition of human resources Development of human resources Motivation of human resources Maintenance of human resources
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Acquisition Function Process of identifying and employing people possessing required level of skills Job Analysis HRP Recruitment Selection
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Development Function Process of improving, moulding and changing the skills, knowledge and ability of an employee Employee Training Management Development Career Development
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Motivation Function Process of integrating people into a work situation in a way that it encourages them to perform / deliver to the best of their ability Understanding needs Designing motivators Monitoring
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Maintenance Function Process of providing employees the working conditions that help maintain their motivation and commitment to the organisation Satisfaction Levels Retention
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Till now… HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 5
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Organisation of HRM Department
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Role of HR Manager Job Design / Job Analysis Human Resource Planning
Recruitment & Selection Training & Development Performance Appraisal Compensation / Benefits Personnel Information Systems Employee Motivation / Assistance
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Till now… HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 5
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HRM vs. HRD HRM is the process of effectively employing people in an organisation HRD is the process of training & development of employees to make them effective HRD is an important subset of HRM
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Till now… HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 5
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Limitations of HRM HRM only a ‘support function’!
Training programs only a ‘cost’! Not an ‘as & when needed’ function! Not specifically qualified / trained people! Inadequate information systems / records! Misunderstood as HRD!
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Till now… HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM 5
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Challenges before HRM Globalisation (More productivity)
Technological Trends (New skill set) Increasing Service Sector (Customer Interface) Working Trends (9 to 9!) Demographic Trends (Young India!)
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Summary (Unit – 1) HRM: Concept & Its Definition Importance of HRM
Functions of HRM HRM Department: Organisation & Role HRM vs. HRD Limitations of HRM Challenges before HRM
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