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Hrm lecture 1

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Hrm lecture 1

  1. 1. The process of hiring and developing employees so that they can become more valuable to the organization.. HRM is the function within an organization that focuses on recruitment and selection, development of employees and providing direction to both the employees and organization to achieve organizational goal..
  2. 2. HRM is simply managing people at workplace.. Managing involves five major functions: 1. Planning 2. Organizing 3. Staffing 4. Leading 5. Controlling
  3. 3. Planning: Establishing goals and standards, developing rules, procedures, plans and forecasting.. 1. Organizing: Establishing departments, giving each subordinate a specific task, delegating them authority, establishing channels of authority and communication, coordinating subordinates’ work 2.
  4. 4. Staffing: Involves recruitment and selection, training and development of employees.. Setting performance standards, performance evaluation and compensation.. 3.
  5. 5. Leading: Motivating subordinates to get the job done and maintaining morale.. 4. 5. Controlling: Checking either the actual performance meets with the desired performance, if not take corrective actions..
  6. 6. Global Home Technological Growth Information Era Global Market Tough Competition Hiring Right People Decrease Turnover Avoid Unfair Labor Practices Dealing with Legal Forces
  7. 7. HRM operates in open and dynamic environment.. Ever changing internal and external environment.. Ever changing environment creates threats and opportunities..
  8. 8. Two kinds of challenges: 1. “External Organizational Challenges” refers to the forces in the external environment that are beyond the control of managers..  Globalization  Political Changes  Economic Changes  Socio-cultural Changes  Technological Changes
  9. 9. 2.      “Internal Organizational Challenges” refers to the internal forces of organization which are under the control of managers.. Workforce Diversity Organizational Objectives Downsizing Decentralization Conflict

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