Thursday, April 29, 2010

Human Resource Management

Concept and Meaning

- It is a set of policies, practices and programmes designed to maximize both personal and organizational goals. It is a process of planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources. Human Resource Management is known by different names such as, personnel management, manpower management, or staff management.

- It includes all activities used to attract & retain employees and to ensure they perform at a high level in meeting organizational goals. These activities are made up of

1. Recruitment & selection.
2. Training and development.
3. Performance appraisal and feedback.
4. Pay and benefits.
5. Labor relations.


Objectives of HRM

1. To help organization in achieving the goal by providing well trained and well motivated employees.
2. To apply the skills and knowledge of employees efficiently and effectively.
3. To enhance job satisfaction and self actualization of employees.
4. To establish and maintain productive, self respecting relations among the members of the organization.
5. To bring about maximum individual development of members of the organization by training and developing them.
6. To develop and maintain a quality of worklife, good human relations and high morale within the organization.
7. To identify and satisfy individual needs and group goals by offering monetary and non monetary incentives.


Importance of HRM

Importance of HRM can be discussed at two levels- corporate, professional, social and national.

1. Importance for Enterprise: - HRM can help an organization in achieving its goals more efficiently and effectively by:
a) Attracting and retaining the required talent.
b) Developing the necessary skills, right attitude, dedication, cooperation and competition among employees.

2. Professional Importance:- HRM helps to improve the quality of work life by:
a) Providing maximum opportunities for personal development.
b) Maintaining healthy relationships between individuals and different work groups.
c) Allocating work properly.

3. Social Importance: - HRM helps in enhancing the society through:
a) Providing suitable employment.
b) Maintaining a balance between the jobs available and the job seekers.

4. National Importance: - HRM plays a vital role in the development of a nation. The level of development in a country depends primarily on the skills, attitudes and values of its human resources. Effective HRM helps to speed up the process of economic growth which leads to higher standard of living.

Functions of HRM

Functions are classified into two categories.
1. Managerial functions:- Planning, organizing, directing, leading and controlling.

2. Operating functions:
a) Procurement functions:- Job analysis, HRP, recruitment, selection and induction.
b) Development functions:- Performance appraisal, training and development, career planning and development.
c) Compensation:- Job evaluation, wage and salary administration, bonus and incentives, payroll.
d) Integration functions:- Motivation, Job Satisfaction, conflict management, participation of employees.
e) Maintenance functions:- Health, safety, social security, welfare schemes, personal research.

1 comment:

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