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Hrm concepts and more


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Hrm concepts and more

  1. 1. HRM Concepts and more…
  2. 2. <ul><li>Definition: </li></ul><ul><li>It is the sum total or aggregate of inherent abilities , acquired knowledge and skills represented by the talents and aptitudes of the persons employed in an organization. </li></ul><ul><li>Perspective of HRM : </li></ul><ul><ul><li>In 1931 ---------- Royal Commission on labour recommended the abolition of jobber system --- Labour officer to look after recruitment and welfare of employees. </li></ul></ul><ul><ul><li>In 1948 ---------- Factories Act recommended for --- Welfare officers. </li></ul></ul><ul><ul><li>In INDIA the field of personal management has 3 branches. </li></ul></ul><ul><ul><ul><li>Personnel administration </li></ul></ul></ul><ul><ul><ul><li>Industrial relations </li></ul></ul></ul><ul><ul><ul><li>Labour welfare (Social Security) </li></ul></ul></ul><ul><ul><ul><ul><ul><li>The employees state insurance act, 1948 </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>The employees provident fund act, 1952 </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>The Maternity benefit act, 1961. </li></ul></ul></ul></ul></ul>
  3. 3. Human resource planning <ul><li>Manpower planning is the process of determining manpower requirements and the means for meeting those requirements in order to carry out the integrated plan of the organization. </li></ul><ul><li>Nature of HRP </li></ul><ul><ul><li>Inventory of existing manpower </li></ul></ul><ul><ul><li>Determine the shortfall of manpower </li></ul></ul><ul><li>Objectives </li></ul><ul><ul><li>Ensure optimum use. </li></ul></ul><ul><ul><li>Forecast future skill requirements. </li></ul></ul><ul><ul><li>Control the cost aspect of HR. </li></ul></ul><ul><ul><li>Formulates transfer and promotion policies. </li></ul></ul><ul><ul><li>Provides control measures to ensure availability of necessary resources when required. </li></ul></ul>
  4. 4. <ul><li>Scope or Elements of HRP: </li></ul><ul><ul><li>Listing of current manpower </li></ul></ul><ul><ul><li>Assessing the extent to which the current manpower is utilized. </li></ul></ul><ul><ul><li>Phasing out the surplus manpower ( Voluntary retirement scheme) </li></ul></ul><ul><ul><li>Making manpower forecasts. </li></ul></ul><ul><ul><li>Designing training programmes. </li></ul></ul><ul><li>Benefits of manpower planning: </li></ul><ul><ul><li>Reduced labour costs. </li></ul></ul><ul><ul><li>Optimum use of workers skills within the organization. </li></ul></ul><ul><ul><ul><ul><li>Toyota—Employee sugestions scheme– 2 lakh suggestions/yr--- 95% are implemented with small improvements --- that makes about 5000 improvements everd day </li></ul></ul></ul></ul><ul><ul><li>Leads to improvement in overall business planning. </li></ul></ul><ul><ul><li>Helps in formulating managerial succession plan. </li></ul></ul><ul><ul><li>It serves as a tool to evaluate the effect of alternative manpower actions and policies. </li></ul></ul>
  5. 5. Why is HR management important to all managers? <ul><li>B-coz we don’t want to: </li></ul><ul><ul><li>Hire the wrong person for the job </li></ul></ul><ul><ul><li>Experience high turnover </li></ul></ul><ul><ul><li>Waste time with useless interviews. </li></ul></ul><ul><ul><li>Have your company taken to court because of discriminatory or related actions. </li></ul></ul><ul><ul><li>Commit any unfair labour practices. </li></ul></ul>
  6. 6. The Changing environment of HR management … <ul><li>Globalization </li></ul><ul><ul><ul><ul><ul><li>Globalization Competition Costs </li></ul></ul></ul></ul></ul><ul><li>Technological advances </li></ul><ul><li>Exporting jobs </li></ul><ul><li>The Nature of work: Service industry is prevailing </li></ul><ul><li>Workforce Demographics : </li></ul><ul><ul><ul><li>Average age of workforce in INDIA is of 25-30 yrs. </li></ul></ul></ul><ul><ul><ul><li>INDIA has one of the youngest populations in the world with 54% of the population below the age of 25yr. </li></ul></ul></ul><ul><ul><ul><li>Xerox improvised 30% by incorporating diversity. </li></ul></ul></ul><ul><ul><ul><li>GE power Systems achieved 13% productivity gains from cross-cultural and multicultural teams versus homogenous teams. </li></ul></ul></ul><ul><ul><ul><li>At IBM many women now have full time jobs working from home. Male staff is sensitized not to schedule meetings after 6:30 pm. IBM India now has 26% women staff. </li></ul></ul></ul>