HRM refers to the formal systems used to manage people within an organization. Some key characteristics of HRM include being an integrated concept that coordinates other activities and focuses on results through continuous processes centered around people. The core functions of HRM are staffing, HR development, employee relations, safety and health, compensation and benefits. The importance of HRM includes sustaining business through improving performance and resolving conflicts while enhancing employee satisfaction, human capital value, and the corporate image. Merits of HRM are helping to hire and train employees as well as build culture, while demerits include potential privacy, security, and assessment issues.

1. HUMAN RELATIONSHIP MANAGEMENT
HRM is the term used to describe formal system devised for
management of people within an organization.
26%
23%
35%
9%
4%
3%
JOB ACCEPTANCES TREND
Marketing Finance HR Others Strategic Business Development

2. Characteristics of HRM
Its an art &
Science
It is
Pervasive
It is
Continuous
Process
People
Centered
Focus on
Results
Fast
Changing
An
Integrated
Concept
Coordinates
other
activities

3. HRM Core Functions
Staffing
HR Development
Employee Labor
Relations
Safety and Health
Compensation and
Benefits

4. Importance
Of
HRM
Human
Capital Value
Conflict
Resolution
Performance
Improvement
Sustaining
Business
Employee
Satisfaction
Corporate
Image
Budget
Control
Cost Savings
Training and
Development

5. 85
83
81
66
64
43
41
35
30
25
22
0 10 20 30 40 50 60 70 80 90
Employee data maintainence
Payroll Processing
Benefits Administraton
Compensation Planning
Compliance Reporting
Performance Management
Organisation Management
Recruitment & Selection
Human Resource Planning
Employee Training And Development
Employee Relations
Major uses of Human Resource Management

7. Merits & Demerits of HRM
Helps in hiring and
training workforce, Takes
care of performance
management system,
helps in building culture
and value to organization
and responsible for
developing good relations.
Privacy and security
issues, user error,
employee assessment,
downtime.
Merits
Demerits

8. Members of the Fab 5
• Jobin Jacob
• Preet Pomal
• Nikhil Gupta
• Shravani Menchu
• Elizabeth Mathew