SlideShare a Scribd company logo
1 of 26
Download to read offline
Unit 1
MBA/BBA/B.com /B.Tech /UGC Net
By
Dr. Anand Vyas
HRM
Human resource management (HRM or HR)
is the strategic approach to the effective and
efficient management of people in a company
or organization such that they help their
business gain a competitive advantage. It is
designed to maximize employee performance in
service of an employer's strategic objectives.
Essentials of HRM
Recruitment & selection, performance
management, learning & development,
succession planning, compensation and
benefits, Human Resources Information
Systems, and HR data and analytics are
considered cornerstones of effective HRM.
Functions of HRM
1.Job design and job analysis:
Job analysis investigates and identifies the duties, tasks,
responsibilities, skills and knowledge, essential
qualifications for a certain job profile. Job Design
focuses on integrating the requirements and needs of an
employee with the objectives of the organization.
2. Employee hiring and selection : Selection is a long
process, commencing from the preliminary interview of
the applicants and ending with the contract
of employment.
3. Employee training & development : Employee training
and development is a program that helps to learn a
particular skill as well as knowledge to improve
employee productivity & performance in their current
organization or job role. It developed future performance
& helps focused on more employee growth
4 .Compensation and Benefits : Compensation and
benefits (C&B) is a sub-discipline of human resources,
focused on employee compensation and benefits policy-
making. While compensation and benefits are tangible,
there are intangible rewards such as recognition, work-
life and development. Combined, these are referred to as
total rewards.
5.Employee performance management :Performance
management is a corporate management tool that helps
managers monitor and evaluate employees' work.
Performance management's goal is to create an
environment where people can perform to the best of
their abilities and produce the highest-quality work most
efficiently and effectively.
6.Managerial relations :Employee Relationship
Management or ERM is the process of managing
relationships in an organization. These relationships can
be between the organization and employees as well as
coworkers working at the same level. For employees to
be productive, they need to have a working environment
that allows them to be creative.
7) Labour relations : Labor relations are the
term used to define the process between
employers and employees, management
and unions in order to make decisions in
organizations. The decisions taken refer to
wages, working conditions, hours of work,
and safety at work, security and grievance.
8) Other HRM Functions:
 Employee engagement & communication
 Health and safety regulations
 Personal support for employees
 Succession Planning
 Industrial Relations
HRM vs.HRD
Human Resource Management refers to the
application of principles of management to
manage the people working in the organization.
Human Resource Development means a
continuous development function that intends
to improve the performance of people working
in the organization
• HRM is an essential branch of management
that deals with making the optimum usage of
organizational human resources by nurturing
better work conditions for all concerned. On
the other hand, HRD is a branch of HRM that
focuses on the growth and development of
the workforce in any organization.
Strategic HRM: Meaning
•Strategic human resource management
(strategic HRM) provides a framework linking
people management and development
practices to long-term business goals and
outcomes. It focuses on longer-term resourcing
issues within the context of an organisation's
goals and the evolving nature of work
HRM Roles in Strategy Formulation
and Implementation
Barriers to Strategic HRM
1. Short-term mentality/focus on current performance.
2. The inability of HR to think strategically.
3. Lack of appreciation for what HR can contribute.
4. Failure to understand line manager’s role as an HR
manager.
5. Difficulty in quantifying many HR outcomes.
6. Perception of human assets as higher-risk
investments.
Linking HR strategy with business
strategy
 Five steps to align HR with the business strategy
1. Understand the main strategic goals. All strategies
should be aligned towards the same outcomes.
2. Map out a skills matrix. How does your current team
contribute to the company strategy?
3. Formalize your talent strategy.
4. Measure HR outcomes.
5. Stay in touch with the strategists.
Roles of HR Manager
• The Human Resource Manager will lead and
direct the routine functions of the Human
Resources (HR) department including hiring
and interviewing staff, administering pay,
benefits, and leave, and enforcing company
policies and practices
Roles of HR in Merger and Acquisitions
Ensuring both company cultures come together
and do not clash is one of HR's biggest roles in
the entire process. If the cultures do not fit, the
merger or acquisition very often fails. M&A
deals are made to create growth and open up a
multitude of opportunities for the buying
company.
Technology & HR and changing roles of
HR due to technology
•HR technology (human resources technology) is an umbrella term for
software and associated hardware for automating the human
resources function in organizations. It includes employee payroll and
compensation, talent acquisition and management, workforce
analytics, performance management, and benefits administration.
•Technology changes the way HR departments contact employees,
store files and analyze employee performance. Used well, technology
makes HR practices more efficient. When used poorly, it can get in the
way of managing the company's human resources. Good HR practices
maximize the benefits and minimize the problems.
HRM linkage with TQM & Productivity
• Link is very much clear when Human
resources of the company are satisfy they
work with their full extent through this the
productivity of the company rises and reaches
to a higher point and if Human resources are
dissatisfy, the productivity decreases.
Unit 1_HRM.pdf

More Related Content

Similar to Unit 1_HRM.pdf

HRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptx
HRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptxHRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptx
HRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptxMukindaChavhan
 
Human Resources Management (HRM)
Human Resources Management (HRM)Human Resources Management (HRM)
Human Resources Management (HRM)Rishabh M
 
ADVANCED HUMAN RESOURCE MANAGEMENT.pptx
ADVANCED HUMAN RESOURCE MANAGEMENT.pptxADVANCED HUMAN RESOURCE MANAGEMENT.pptx
ADVANCED HUMAN RESOURCE MANAGEMENT.pptxJenny Naval
 
Human resource management
Human resource managementHuman resource management
Human resource managementSundar B N
 
HRM - Unit I - Complete.pptx
HRM - Unit I - Complete.pptxHRM - Unit I - Complete.pptx
HRM - Unit I - Complete.pptxsaipawanism
 
Challenges of Human Resource Management in Bangladesh
Challenges of Human Resource Management in BangladeshChallenges of Human Resource Management in Bangladesh
Challenges of Human Resource Management in BangladeshAbdullah Al Noman
 
Introduction to Human Resource Management
Introduction to Human Resource ManagementIntroduction to Human Resource Management
Introduction to Human Resource ManagementMRINALINI ARORA
 
Chapter 1 Strategic HRM
Chapter 1 Strategic HRMChapter 1 Strategic HRM
Chapter 1 Strategic HRMLo-Ann Placido
 
Introduction Of Human Resource Management (HRM) by Mehmood Ul Hassan Qadir
Introduction Of Human Resource Management (HRM) by Mehmood Ul Hassan QadirIntroduction Of Human Resource Management (HRM) by Mehmood Ul Hassan Qadir
Introduction Of Human Resource Management (HRM) by Mehmood Ul Hassan QadirMehmoodUlHassanQadir
 
Riphah ADP B.M_ Human Resource Management
Riphah ADP B.M_ Human Resource ManagementRiphah ADP B.M_ Human Resource Management
Riphah ADP B.M_ Human Resource ManagementDevelopmentGMS
 
The Strategic Role Of Hrm
The Strategic Role Of HrmThe Strategic Role Of Hrm
The Strategic Role Of Hrmmmharoon786
 
BBA-SEM-3-HRM-Introduction of Human Resource of Management
BBA-SEM-3-HRM-Introduction of Human Resource of Management BBA-SEM-3-HRM-Introduction of Human Resource of Management
BBA-SEM-3-HRM-Introduction of Human Resource of Management KU Open Source Education
 
NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...
NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...
NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...komal549009
 
Human Resource Management and Its Importance
Human Resource Management and Its ImportanceHuman Resource Management and Its Importance
Human Resource Management and Its Importanceprachimba
 

Similar to Unit 1_HRM.pdf (20)

HRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptx
HRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptxHRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptx
HRM- CONCEPTS AND CHALLENGES- Chapter 1.1- new.pptx
 
Human Resources Management (HRM)
Human Resources Management (HRM)Human Resources Management (HRM)
Human Resources Management (HRM)
 
ADVANCED HUMAN RESOURCE MANAGEMENT.pptx
ADVANCED HUMAN RESOURCE MANAGEMENT.pptxADVANCED HUMAN RESOURCE MANAGEMENT.pptx
ADVANCED HUMAN RESOURCE MANAGEMENT.pptx
 
Human resource management
Human resource managementHuman resource management
Human resource management
 
HRM - Unit I - Complete.pptx
HRM - Unit I - Complete.pptxHRM - Unit I - Complete.pptx
HRM - Unit I - Complete.pptx
 
Challenges of Human Resource Management in Bangladesh
Challenges of Human Resource Management in BangladeshChallenges of Human Resource Management in Bangladesh
Challenges of Human Resource Management in Bangladesh
 
HRM CHAPTER 1.pptx
HRM CHAPTER 1.pptxHRM CHAPTER 1.pptx
HRM CHAPTER 1.pptx
 
Introduction to Human Resource Management
Introduction to Human Resource ManagementIntroduction to Human Resource Management
Introduction to Human Resource Management
 
Hrm 13
Hrm 13Hrm 13
Hrm 13
 
HRm
HRmHRm
HRm
 
Chapter 1 Strategic HRM
Chapter 1 Strategic HRMChapter 1 Strategic HRM
Chapter 1 Strategic HRM
 
What is hrm
What is hrmWhat is hrm
What is hrm
 
Introduction Of Human Resource Management (HRM) by Mehmood Ul Hassan Qadir
Introduction Of Human Resource Management (HRM) by Mehmood Ul Hassan QadirIntroduction Of Human Resource Management (HRM) by Mehmood Ul Hassan Qadir
Introduction Of Human Resource Management (HRM) by Mehmood Ul Hassan Qadir
 
Riphah ADP B.M_ Human Resource Management
Riphah ADP B.M_ Human Resource ManagementRiphah ADP B.M_ Human Resource Management
Riphah ADP B.M_ Human Resource Management
 
The Strategic Role Of Hrm
The Strategic Role Of HrmThe Strategic Role Of Hrm
The Strategic Role Of Hrm
 
Human resource management
Human resource managementHuman resource management
Human resource management
 
Hrm
HrmHrm
Hrm
 
BBA-SEM-3-HRM-Introduction of Human Resource of Management
BBA-SEM-3-HRM-Introduction of Human Resource of Management BBA-SEM-3-HRM-Introduction of Human Resource of Management
BBA-SEM-3-HRM-Introduction of Human Resource of Management
 
NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...
NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...
NOTES ON SHRM for mba students . It help in their mba and also helpful for ne...
 
Human Resource Management and Its Importance
Human Resource Management and Its ImportanceHuman Resource Management and Its Importance
Human Resource Management and Its Importance
 

Recently uploaded

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsIndeedSEO
 
KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now
KOTA 💋 Call Girl 9827461493 Call Girls in  Escort service book nowKOTA 💋 Call Girl 9827461493 Call Girls in  Escort service book now
KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book nowkapoorjyoti4444
 
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableBerhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Availablepr788182
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannaBusinessPlans
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAITim Wilson
 
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableCuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Availablepr788182
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizharallensay1
 
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...pujan9679
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Availablepr788182
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1kcpayne
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfwill854175
 
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...lizamodels9
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubaijaehdlyzca
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPanhandleOilandGas
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptxRoofing Contractor
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecZurliaSoop
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book nowkapoorjyoti4444
 

Recently uploaded (20)

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now
KOTA 💋 Call Girl 9827461493 Call Girls in  Escort service book nowKOTA 💋 Call Girl 9827461493 Call Girls in  Escort service book now
KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableBerhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Berhampur Call Girl Just Call 8084732287 Top Class Call Girl Service Available
 
Cannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 UpdatedCannabis Legalization World Map: 2024 Updated
Cannabis Legalization World Map: 2024 Updated
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableCuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
 
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service AvailableNashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
Nashik Call Girl Just Call 7091819311 Top Class Call Girl Service Available
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
Only Cash On Delivery Call Girls In Sikandarpur Gurgaon ❤️8448577510 ⊹Escorts...
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 

Unit 1_HRM.pdf

  • 1. Unit 1 MBA/BBA/B.com /B.Tech /UGC Net By Dr. Anand Vyas
  • 2. HRM Human resource management (HRM or HR) is the strategic approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
  • 3. Essentials of HRM Recruitment & selection, performance management, learning & development, succession planning, compensation and benefits, Human Resources Information Systems, and HR data and analytics are considered cornerstones of effective HRM.
  • 4. Functions of HRM 1.Job design and job analysis: Job analysis investigates and identifies the duties, tasks, responsibilities, skills and knowledge, essential qualifications for a certain job profile. Job Design focuses on integrating the requirements and needs of an employee with the objectives of the organization. 2. Employee hiring and selection : Selection is a long process, commencing from the preliminary interview of the applicants and ending with the contract of employment.
  • 5. 3. Employee training & development : Employee training and development is a program that helps to learn a particular skill as well as knowledge to improve employee productivity & performance in their current organization or job role. It developed future performance & helps focused on more employee growth 4 .Compensation and Benefits : Compensation and benefits (C&B) is a sub-discipline of human resources, focused on employee compensation and benefits policy- making. While compensation and benefits are tangible, there are intangible rewards such as recognition, work- life and development. Combined, these are referred to as total rewards.
  • 6. 5.Employee performance management :Performance management is a corporate management tool that helps managers monitor and evaluate employees' work. Performance management's goal is to create an environment where people can perform to the best of their abilities and produce the highest-quality work most efficiently and effectively. 6.Managerial relations :Employee Relationship Management or ERM is the process of managing relationships in an organization. These relationships can be between the organization and employees as well as coworkers working at the same level. For employees to be productive, they need to have a working environment that allows them to be creative.
  • 7. 7) Labour relations : Labor relations are the term used to define the process between employers and employees, management and unions in order to make decisions in organizations. The decisions taken refer to wages, working conditions, hours of work, and safety at work, security and grievance.
  • 8. 8) Other HRM Functions:  Employee engagement & communication  Health and safety regulations  Personal support for employees  Succession Planning  Industrial Relations
  • 9.
  • 10. HRM vs.HRD Human Resource Management refers to the application of principles of management to manage the people working in the organization. Human Resource Development means a continuous development function that intends to improve the performance of people working in the organization
  • 11. • HRM is an essential branch of management that deals with making the optimum usage of organizational human resources by nurturing better work conditions for all concerned. On the other hand, HRD is a branch of HRM that focuses on the growth and development of the workforce in any organization.
  • 12.
  • 13.
  • 14. Strategic HRM: Meaning •Strategic human resource management (strategic HRM) provides a framework linking people management and development practices to long-term business goals and outcomes. It focuses on longer-term resourcing issues within the context of an organisation's goals and the evolving nature of work
  • 15. HRM Roles in Strategy Formulation and Implementation
  • 16.
  • 17. Barriers to Strategic HRM 1. Short-term mentality/focus on current performance. 2. The inability of HR to think strategically. 3. Lack of appreciation for what HR can contribute. 4. Failure to understand line manager’s role as an HR manager. 5. Difficulty in quantifying many HR outcomes. 6. Perception of human assets as higher-risk investments.
  • 18. Linking HR strategy with business strategy  Five steps to align HR with the business strategy 1. Understand the main strategic goals. All strategies should be aligned towards the same outcomes. 2. Map out a skills matrix. How does your current team contribute to the company strategy? 3. Formalize your talent strategy. 4. Measure HR outcomes. 5. Stay in touch with the strategists.
  • 19.
  • 20.
  • 21. Roles of HR Manager • The Human Resource Manager will lead and direct the routine functions of the Human Resources (HR) department including hiring and interviewing staff, administering pay, benefits, and leave, and enforcing company policies and practices
  • 22. Roles of HR in Merger and Acquisitions Ensuring both company cultures come together and do not clash is one of HR's biggest roles in the entire process. If the cultures do not fit, the merger or acquisition very often fails. M&A deals are made to create growth and open up a multitude of opportunities for the buying company.
  • 23.
  • 24. Technology & HR and changing roles of HR due to technology •HR technology (human resources technology) is an umbrella term for software and associated hardware for automating the human resources function in organizations. It includes employee payroll and compensation, talent acquisition and management, workforce analytics, performance management, and benefits administration. •Technology changes the way HR departments contact employees, store files and analyze employee performance. Used well, technology makes HR practices more efficient. When used poorly, it can get in the way of managing the company's human resources. Good HR practices maximize the benefits and minimize the problems.
  • 25. HRM linkage with TQM & Productivity • Link is very much clear when Human resources of the company are satisfy they work with their full extent through this the productivity of the company rises and reaches to a higher point and if Human resources are dissatisfy, the productivity decreases.