2. 1-2
2
Management Essentials
Management involves setting goals and
allocating scarce resources to achieve them.
Management is the process of efficiently
achieving the objectives of the organization
with and through people.
3. 1-3
3
HRM DEFINITION
HRM is a Management function that helps
managers plan, recruit, select, train , develop,
remunerate and maintain human resources of
organization
4. 1-4
4
SHRM DEFINITION
SHRM is concerned with the relationship between HRM
& strategic management in an organization. SHRM is an
approach which relates to decision about the nature of
employment relationship, recruitment, training,
development, performance management, reward &
employee relations.
Def.- A strategic and coherent approach to the
management of an organisations most valued assets-the
people working there who individually and collectively
contribute to the achievement of its objectives.
5. 1-5
Objectives Of SHRM
• To ensure the availability of a skilled,
committed, and highly motivated workforce in
the organization to achieve sustained
competitive advantage.
• To provide direction to the organization so that
both the business needs of the organization and
the individual and collective needs of its
workforce are met. This is achieved by
developing and implementing HR practices that
are strategically aligned. 5
6. 1-6
Components of SHRM
Four Components of SHRM
I. Human Resources- People as the primary source of
competitive advantage
II. Activities – HR Programs, Policies & Practices
III. Pattern & Plan – Fit between HR Strategy & Business
Strategy
IV. Purposeful – Achievement of goals of organization
7. 1-7
SHRM Function
HRM contributions to organizational effectiveness:
Helping the organization reach its goals
Employing workforce skills and abilities efficiently
Increasing job satisfaction, self-actualization, and
quality of work life
Communicating HRM policies to all employees
Maintaining ethical policies and socially responsible
behaviour
Managing change to the mutual advantage of
individuals, groups, the enterprise, and the public
8. 1-8
SHRM Function
Communicating HRM policies to all employees:
HRM policies, programs, and procedures must be
communicated fully and effectively
Top-level managers must understand what HRM can
offer
9. 1-9
SHRM Function
Quality of work life (QWL) is a general concept that
refers to several aspects of the job, including:
Management and supervisory style
Freedom and autonomy to make decisions on the job
Satisfactory physical surroundings
Job safety
Satisfactory working hours
Meaningful tasks
The job and work environment should be structured
to meet as many workers’ needs as possible
10. 1-10
SHRM Function
Trends that strain employer-employee relationships:
Telecommuting
Outsourcing HRM
Family medical leave
Child care
Spouse-relocation assistance
Pay for skills
Benefit cost-sharing
Union-management negotiation
11. 1-11
SHRM Function
• Managing increased urgency and faster cycle
times:
Firms are placing a growing emphasis on:
Increasing customer service
Developing new products and services
Training and educating technicians, managers,
and decision makers
12. 1-12
SHRM Function
Increasing employees’ job satisfaction and self-
actualization
Employees must feel that the job is right for their
abilities and that they are being treated equitably
Satisfied employees are not automatically more
productive
However, unsatisfied employees tend to be absent and
quit more often and produce lower-quality work
Both satisfied and dissatisfied employees can perform
equally in quantitative terms
15. 1-15
15
B: TRAINING AND DEVELOPMENT
(PREPARE)
Orientation
Training
Development
Employee
Career
Organization
Adapt to new surroundings
Cope with change
Meet organizational needs
19. 1-19
Difference Between HRM & SHRM
HRM
i. Staff Personnel
ii. Employee Relations
iii. Reactive & Transactional
iv. Slow & Fragmented
v. Short Term
vi. Bureaucratic control
vii. Cost centre
SHRM
i. Line Managers
ii. Partnership with Internal &
External group
iii. Proactive & Transformational
iv. Fast, Flexible & systematic
v. Various time frame
vi. Organic control
vii. Investment centre