Importance of hrm

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Importance of hrm

  1. 1. IMPORTANCE OF HRM
  2. 2. 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:-
  3. 3. HUMAN RESOURCE MANAGEMENT
  4. 4. IMPORTANCE OF HUMAN RESOURCE MANAGEMENT RECRUITMENT AND SELECTION TRAINING PERFORMANCE APPRAISAL TRADE UNIONS DEVELOPMENT
  5. 5. RECRUITMENT
  6. 6. 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.
  7. 7. SELECTION
  8. 8. SELECTION The process of assessing candidates and appointing a post holder. Applicants are short listed and the only most suitable candidates are get selected.
  9. 9. TRAINING
  10. 10. TRAINING PROVIDES NEW SKILLS FOR THE EMPLOYEE KEEPS THE EMPLOYEE UP TO DATE WITH CHANGES IN THE FIELD AIMS TO IMPROVE EFFICIENCY
  11. 11. PERFORMANCE APPRAISAL (REWARD)
  12. 12. 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.
  13. 13. TRADE UNIONS
  14. 14. 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.
  15. 15. DEVELOPMENT
  16. 16. 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."
  17. 17. OTHER REASONS WHY THE HUMAN RESOURCES DEPARTMENT IS IMPORTANT COST SAVINGS EMPLOYEE SATISFACTION BUDGET CONTROL QUALITY OF WORK LIFE PROTECTION
  18. 18. HRM STAKEHOLDERS SOCIETY ORGANIZATION/OWNERS EMPLOYEE
  19. 19. 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
  20. 20. 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.

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