The document discusses human resource management (HRM). It defines HRM as a process of managing human resources to achieve organizational goals through acquiring, developing, utilizing, and maintaining a competent workforce. Key HRM practices include recruitment, selection, orientation, training, compensation, performance appraisal, and employee development. The document explains that HRM is important for all managers as it helps hire the right people, reduce turnover, improve performance, develop employees, control costs, and maintain morale. Finally, it discusses different organizational structures for HR departments.
Introduction to Human Resource Management Rohit Gera
Human Resource Management is a process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns
Introduction to Human Resource Management Rohit Gera
Human Resource Management is a process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns
HR audit helps in assessing the contribution of the human resource processes to the organization and take improvement measures. It is like an regular health check-up which instills a sense of confidence in the management and the HR functions of an organization.
It ensures that one’s HR process is functioning effectively, compliant with local laws and is linked to organization’s strategic goals.
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Tamayyaz has developed a cost-effective, high quality approach to work with our clients to build and implement a fit for purpose Human Resource Management system, which can quickly add value and accommodate the future growth of your business. Every solution we provide is individually tailored to meet the specific needs of our clients.
There are various functions involved in Human Resource Management in an organisation. Read this document to know about the differences between Personnel management and HR management written by our proficient writers.
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Fundamentals of Human Resource ManagementAmare_Abebe
Human Resource- is the total of knowledge, skills, creative abilities, talents, aptitudes, values, attitudes & beliefs of an organization’s workforce
HRM views people as an important resource or asset to be used for the benefit of the organization, employees and society. But humans unlike other resources in the context of work and management cause problems.
HR audit helps in assessing the contribution of the human resource processes to the organization and take improvement measures. It is like an regular health check-up which instills a sense of confidence in the management and the HR functions of an organization.
It ensures that one’s HR process is functioning effectively, compliant with local laws and is linked to organization’s strategic goals.
7 steps to strategic human resource managementShareyourhr
Share Your HR offers HR Consulting Services in Mumbai for Corporates and Small Businesses. We help companies to set up best practices in HR. visit us @ https://shareyourhr.com/
Tamayyaz has developed a cost-effective, high quality approach to work with our clients to build and implement a fit for purpose Human Resource Management system, which can quickly add value and accommodate the future growth of your business. Every solution we provide is individually tailored to meet the specific needs of our clients.
There are various functions involved in Human Resource Management in an organisation. Read this document to know about the differences between Personnel management and HR management written by our proficient writers.
For more visit: https://www.assignmentdesk.co.uk/
Fundamentals of Human Resource ManagementAmare_Abebe
Human Resource- is the total of knowledge, skills, creative abilities, talents, aptitudes, values, attitudes & beliefs of an organization’s workforce
HRM views people as an important resource or asset to be used for the benefit of the organization, employees and society. But humans unlike other resources in the context of work and management cause problems.
Introduction to human resource managementShilpa Rajak
human resource management : concept and perspective evolution ans its philosophy, challenges in changing environment and the issues in India.
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Meaning of HRM, Importance of HRM, Objectives and Functions, process of HRM, Systems and Techniques, Role of human resource manager, duties and responsibilities of human resource manager, typical organization set up of human resource department.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. What is Human Resource Management?
• According to G.R. Agrawal:-
"Human resource management is a process concerned with the
management of human energies and competencies for achieving
organizational goals through acquisition, development, utilization and
maintenance of a competent and committed workforce in a changing
environment."
• These practices and policies include
– Conducting job analyses
– Planning labor needs and recruiting job candidates
– Selecting job candidates
– Orienting and training new employees
– Managing wages and salaries (compensating employees)
– Providing incentives and benefits
– Appraising performance
– Communicating (interviewing, counseling, disciplining)
– Training and developing managers
– Building employee commitment
3. Defining HR and HRM
• HR: ‘The sum total of knowledge, skills, creative abilities,
talents and aptitudes of an organization's workforce, as well
as the value, attitudes and beliefs of the individuals involved”.
• HRM: A combination of people-oriented management
practices that views employees as assets, not costs; and its
main aim is to create and maintain a skillful and committed
workforce to gain competitive advantage.
4. Is HRM Important to All Managers?
• It can help you in getting results: through people
• HR for Entrepreneur
• Line Versus Staff Authority
• Line-Staff HR Cooperation
5. Why is HRM Important to All Managers?
• Hire the wrong person for the job
• Experience high turnover
• Find your people not doing their best
• Waste time with useless interviews
• Have your company taken to court because of discriminatory actions
• Have your company cited under occupational safety laws for unsafe
practices
• Have some employees think their salaries are unfair and inequitable
relative to others in the organization
• Allow a lack of training to undermine your department’s effectiveness
• Commit any unfair labor practices
6. Why is HRM Important to All Managers?
1. Placing the right person on the right job
2. Starting new employees in the organization (orientation)
3. Training employees for jobs that are new to them
4. Improving the job performance of each person
5. Developing smooth working relationships
6. Interpreting the company’s policies and procedures
7. Controlling labor costs
8. Developing the abilities of each person
9. Creating and maintaining department morale
10. Protecting employees’ health and physical condition
7. Organising the HR Department’s Responsibilities
• Recruiters
• Job Analyst
• Compensation Managers
• Training Specialists
• IR Officers
The New HR Organisation
• Transactional HR Group
• Corporate HR
• Embedded HR group
– Relationship Managers
– HR Business Partners
• Centre for Expertise Group
– HR Consulting
– Shared Services