INTRODUCTION TO HRM

What is human resource management?

HRM is the study of activates regarding people working in an organization.

“It is a managerial function that tries to match an organization’s needs to the skills and abilities of its employees”

what is meant by the three key terms… human, resource, and management.

• Human (Homo-sapiens – Social Animal)• Resources (Human, Physical, Financial, Technical, Informational etc)• Management (Function of Planning, Organizing, Leading & Controlling of organizational resources to accomplish goals efficiently and effectively)

Functions of HRM

Basic functions that all managers perform: planning, organizing, staffing, leading, and controlling. HR management involves the policies and practices needed to carry out the staffing (or people) function of management.Core HR functionsHRM department regardless of the organization’s size must perform following human resource management

• Staffing (HR planning, recruitment and selection)• Human resource development• Compensation and benefits• Safety and health• Employee and labor relations• Records maintaining, etc.• Interrelationship of HR functions

Growing Importance of HRM

The success of organizations increasingly depends on knowledge, skills, and abilities s of the people working in an organization.

Factors Contributing to the Growing Importance of HRM

Accommodation to workers' needsIncreased complexity of the Manager’s jobLegislation and litigationConsistency and equityExpertiseCost of Human Resource

Why are we concerned with HRM?

1.Helps you get results - through others

2. Helps you avoid common personnel mistakesFor instance Hiring the wrong person for the job, Experiencing high turnover, Finding employees not doing their best, Having your company taken to court because of your discriminatory actions etc

3. Helps you to gain Competitive Advantage(main sources of innovation & creativity)

Challenges/Issues of Managing Human Resources in present era

1. To Attract People

2. To Develop People

3. To Motivate

4. To Keep Talented People

The list of topics1. Introduction & significance2. History of HRM3. Basic concepts of management and its relationships with HRM4. New trends at workplace with changing environment5. Workforce diversity, pros and cons6. Functions of HRM7. Relationship between HR specialist and line managers8. Human resource planning (HRP)Human resource information system (HRIS)9. Job analysis10. Recruitment & Selection11. Training & development12. Career management13. Performance Appraisal14. Compensation & Benefits15. Leadership in organization16. International dimension of HRM

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