Human Resource Management

Introduction to HRM/ Why study HRM Meaning & Characteristics of Human Resource Meaning & Nature of HRM Scope of HRM Objective of HRM Functions of HRM Significance of HRM

MAN
Money
Material
Machinery
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Human Resource Management (HRM)

Human Resource

Management

Human resource represents the people at work. They are the sum total of the inherent abilities, acquired knowledge and skills as exemplified in the talents and aptitudes of employees.

Organizing

Directing

Planning

Controlling

Human Resources (HR)

HR are heterogeneous. HR are dynamic. HR are most important element in the organization. HR are the product of their biological inheritance and interactions with the environment.

Human Resource Management

HRM is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished. - Flippo
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HRM

A set of policies, practices, and programmes designed to maximize both personal and organizational goals

Nature/ Characteristics of HRM

Comprehensive function People oriented Action oriented Individual oriented Development oriented Pervasive function Continuous function

Future oriented Challenging function Science as well as art Staff function Young discipline Interdisciplinary Nervous system
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Scope of HRM
The Indian Institute of Personnel Management has described the scope of HRM in following aspects: Labour or Human Resource Aspect The welfare aspect The Industrial Relations aspect

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Employee Maintenance Industrial Relations HR Planning

Employee Motivation

Scope Of HRM

Employee Hiring

Training &
Development

Employee
Remuneration

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Objectives of HRM

Attain economically and effectively the organizational goals. Serve to the highest possible degree the individual goals. Preserve and promote the general welfare of the community.

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Personal Objectives Functional Objectives Organizational Objectives

Societal Objectives
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Significance/ Importance of HRM

At the enterprise level At the individual level

At the society level

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Functions of HRM
Managerial Functions Planning
Job Analysis HR Planning Performance Job Appraisal Training Development Career planning Evaluation Wage and Salary Administration Bonus and Incentives Motivation Job

Operational Functions

Procurement Development Compensation Integration Maintenance

Health
Safety

Organizing

Recruitment Selection

Satisfaction Social Grievance Redressal Collective Security

Directing

Placement Induction

Welfare
Schemes

Controlling

Transfer Promotion Separation

Bargaining HR Records HR Research Discipline

HR Audit
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