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HRM Introduction.pptx
1.
2. Understand what is human resource
management (HRM);
Know the importance of HRM in the
Industry;
Understand the major activities of human
resource management; and
Identify ways on how to motivate people in
the organization.
3. Human resource or manpower management
effectively describes the process of
planning and directing the application,
development and utilization of human
resources in employment
– Dale Yoder
4. HRM is that part of management process
which is primarily concerned with human
constituents of an organization
– E.F.L.Brech
5. Human Resource Management (HRM) is the
function within an organization that focuses
on recruitment of, management of, and
providing direction for the PEOPLE who work
in the organization.
HRM can also be performed by line managers.
6. HRM is the organizational function that deals
with ISSUES related to people such as
compensation, hiring, performance
management, organization development,
safety, wellness, benefits, employee
motivation, communication, administration,
and training.
7. HRM is also a strategic and comprehensive
approach to managing people and the
workplace culture and environment.
Effective HRM enables employees to
contribute effectively and productively to the
overall company direction and the
accomplishment of the organization's goals
and objectives.
8. To identify manpower needs
Selection of right person for the right job
Appraisal of employees
Development of the skills of the employee
Need for incentives
Good human relationship
Conducive environment
9. Maximize the return on investment from the
organization's human capital and minimize
financial risk.
To align the capabilities and behaviors of
employees with the short-term and long term
goals of the retail firm.
11. Process of locating, identifying, and attracting
capable candidates.
Can be for current or future needs.
What sources do we use for recruitment?
The process of assessing candidates and appointing
a post holder.
Purpose is to hire the person(s) best able to meet the
needs of the organization.
Method of Selection
Interview
Aptitude test
12. Training tends to be
done for current job.
Aims to improve
efficiency.
Keeps the employee up
to date with changes in
the field
Can be external or ‘in-
house’.
13. Motivating employees to perform up to their
potential is the KEY to maintaining a productive,
successful business.
Ways in which you can motivate employees
◦ Interact - Talk to your employees regularly.
◦ Recognition & Appreciation - A job well done should be
appreciated and encouraged.
◦ Pay them Right - Pay employees for what they are worth
and they will be happy to work.
◦ New challenges - Give employees new and interesting
challenges to keep them stimulated and learning.
14. Employees personal goals does vary with
the management’s goals
According to a study, 5% increase in
employee satisfaction results in a 1.3%
increase in customer satisfaction and 0.5%
increase in sales
Customer loyalty is directly related to
motivation of employees
15. Establishing performance standards and
reviewing the performance.
Means to ensure organizational goals are
being met.
To identify employees who are performing
well and those who aren’t.
16. Incentive Compensation can be
Commission, Bonus and stock options.
◦ Commission is a compensation based on fixed
formula for sales.
◦ Bonus is periodical compensation based on the
store’s performance during that period.
◦ Stock options-employees are encouraged to buy
shares of their company at discounted prices