“THERE IS NO MAGIC IN THE SUCCESS OF THE COMPANIES, THE SECRET OF THEIR SUCCESS IS SIMPLY THE WAY THAT THEY TREAT THEIR EMPLOYEES.”

SCOPE OF HUMAN RESOURCE MANAGEMENT

Presented By: Naina Agarwal Divya Tiwari

“Always recognize that human individuals are ends, and do not use them as means to your end”

Meaning of Human Resource Management

Human Resource Management is the process of recruitment, selection of employee, providing proper orientation and induction, providing proper training and the developing skills, assessment of employee providing proper compensation and benefits, motivating, maintaining proper relations with labour.

SCOPE OF HUMAN RESOURCE MANAGEMENT

Human Resource Planning

Acquisition Function Placement Function Performance

Appraisal Career Development Maintenance

Function

Training and Development

Quality of Work Life Employee’s Welfare Compensation

Function Labour Relations

“There is no doubt that creativity is the most important human resource of all. Without creativity, there would be no progress, and we would be forever repeating the same patterns.”

1.Human Resource Planning (HRP)

HRP estimates the manpower demand and manpower supply of the organization. It compares the manpower demand and manpower supply. If there is manpower surplus then it gives voluntary retirement, lay-off, etc. to some employees. If there is manpower shortage then it hires employees from outside, gives promotion to employees, etc.

2. Acquisition Function

Acquisition function includes Human Resource Planning, Recruitment, Selection, Placement and Induction of employees. HRM uses the scientific selection procedure for selecting the right man for the right post. The "right man" is given proper placement and induction.

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3. Placement Function

HRM also performs the placement function. Placement is done after selection of employees. It means to put the right man in the right place of work. Proper placement gives job satisfaction to the employees, and it increases their efficiency.

“From the business point of view - not to overstate it - intellectual property is dead; long live intellectual process. Long live service; long live performance.”

4. Performance Appraisal

HRM also conducts a performance appraisal. Performance appraisal is a systematic evaluation of the employees' performance at work. It informs the employees about their strengths and weakness. It also advises them about how to increase their strengths and remove their weaknesses.

"Do you want to spend the rest of life sugared water or do you want to chance to change the world?" Late Steve Jobs Of Apple Computer.

5. Career Development

HRM also helps the employees in planning and developing their careers. It informs them about future promotions and how to get these promotions. It helps them to grow and develop in the organization.

“True motivation comes from achievement, personal development, job satisfaction, and recognition.”Frederick Herzberg.

6. Training and Development

HRM also provides training and development to the employees. Training means to increase the knowledge and skills of the employee for doing a particular job. Training given to managers is called development. So, training is given to employees while development is given to managers.

If you don’t value your time, neither will others. Stop giving away your time and talents. Value what you know & start charging for it.

7. Quality of Work Life (QWL)

HRM also includes Quality of Work Life. QWL is a technique for improving productivity and quality of work. It involves labour management co-operation, collective bargaining and participative management.

We should measure welfare's success by how many people leave welfare, not by how many are added.Ronald Reagan

8. Employees' Welfare

HRM provides employee's welfare. Welfare measures include paid holidays, medical insurance, canteen facilities, recreation facilities, rest room, transport facilities, etc. Proper and timely welfare facilities motivate the employees to work hard in the organization.

If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them

9. Compensation Function

Employees must be rewarded and recognized for their performance. HRM makes proper compensation packages for the employees. These packages motivate the employees and increase their morale

“A successful man is one who can lay a firm foundation with the bricks others have thrown at him.”

10. Labour Relations

HRM is also includes industrial relations. It includes union management relations, joint consultations, negotiating, collective bargaining, grievance handling, disciplinary actions, settlement of industrial disputes, etc.

“The place to improve the world is first in one's own heart and head and hands, and then work outward from there.”

11. Maintenance Function

HRM also performs the maintenance function. That is, protecting and promoting the health and safety of the employees. HRM introduces health and safety measures. It also provides other benefits such as medical aid, provident fund, pension, gratuity, maternity benefits, accident compensation, etc., to the employees.

CONCLUSION

The scope of HRM is widening with every passing day. It covers but is not limited to HR planning, hiring training and development, payroll management, rewards and recognitions, industrial relations, grievance handling, legal procedures etc. In other words, we can say that it’s about developing and managing harmonious relationships at workplace and striking a balance between organizational goals and individual goals.