importance of hrm
DESCRIPTION
TRANSCRIPT
IMPORTANCE OF HRM
MEANING OF HRM
BASICALLY, HUMAN RESOURCE MANAGEMENT IS THE MANAGEMENT OF THE EMPLOYEES OF AN ORGANIZATION. SIMPLY SPEAKING, IT IS PUTTING RIGHT PEOPLE TO THE RIGHT TASK THEREBY MAKING MAXIMUM USE OF THE
EMPLOYEES' TALENT AND ABILITIES. IT DEALS WITH -:
HUMAN RESOURCE MANAGEMENT
IMPORTANCE OF HUMAN RESOURCE MANAGEMENT
RECRUITMENT AND SELECTION
TRAINING
PERFORMANCE APPRAISAL
TRADE UNIONS
DEVELOPMENT
RECRUITMENT
RECRUITMENT
The process by which a job vacancy is identified and potential employees are notified. MAIN FORMS OF RECRUITMENT THROUGH ADVERTISING IN NEWSPAPERS, MAGAZINES, TRADE PAPERS AND INTERNAL VACANCY LISTS.
SELECTION
SELECTION
The process of assessing candidates and appointing a post holder. Applicants are short listed and the only most suitable candidates are get selected.
TRAINING
TRAINING
PROVIDES NEW SKILLS FOR THE EMPLOYEE
KEEPS THE EMPLOYEE UP TO DATE WITH CHANGES IN THE FIELD
AIMS TO IMPROVE EFFICIENCY
PERFORMANCE APPRAISAL(REWARD)
PERFORMANCE APPRAISAL(REWARD)
THE SYSTEM OF PAY AND BENEFITS USED BY THE FIRM TO REWARD WORKERS. HRM ENCOURAGES THE PEOPLE WORKING IN AN ORGANISATION, TO WORK ACCORDING TO THEIR POTENTIAL AND GIVES THEM SUGGESTIONS THAT CAN HELP THEM TO BRING ABOUT IMPROVEMENT IN IT.
TRADE UNIONS
TRADE UNIONS
CONTRIBUTES TO SMOOTH CHANGE MANAGEMENT AND LEADERSHIP. TRADE UNIONS ARE FORMED TO PROTECT AND PROMOTE THE INTERESTS OF THEIR MEMBERS. THEIR PRIMARY FUNCTION IS TO PROTECT THE INTERESTS OF WORKERS AGAINST DISCRIMINATION AND UNFAIR LABOR PRACTICES .
DEVELOPMENT
DEVELOPMENT
DEVELOPING THE EMPLOYEE CAN BE REGARDED AS INVESINING A VALUABLE ASSET. IT IS A SOURCE OF MOTIVATION. HRD IS THE INTEGRATED USE OF-:
TRAINING AND DEVELOPMENT,
ORGANISATIONAL DEVELOPMENT, AND
CAREER DEVELOPMENT TO IMPROVE INDIVIDUAL, GROUP AND ORGANISATIONAL EFFECTIVENESS".
OTHER REASONS WHY THE HUMAN RESOURCES DEPARTMENT IS IMPORTANT
COST SAVINGS
EMPLOYEE SATISFACTION
BUDGET CONTROL
QUALITY OF WORK LIFE
PROTECTION
HRM STAKEHOLDERS
SOCIETY
ORGANIZATION/OWNERS
EMPLOYEE
IMPORTANCE
HRM IS ALSO IMPORTANT BECAUSE IT INCLUDES EMPLOYMENT ISSUES LIKE:
DISCRIMINATION ,
EQUAL EMPLOYMENT OPPORTUNITY
HARASSMENT
AFFIRMATIVE ACTION
DIVERSITY MANAGEMENT
OCCUPATIONAL HEALTH AND SAFETY
INDUSTRIAL RELATIONS
CONCLUSIONS
• HRM is at a strategic level• Managers can formulate HR functions in a way that
facilitate business strategies• It is a matter of fit between the HR choices and
business strategies.