Human Resource Management
Chapter-Four
Definition
• Human resource management (HRM or HR) is the
strategic approach to the effective and efficient
management of people in a company or
organization such that they help their business
gain a competitive advantage.
• It is designed to maximize employee
performance in service of an employer's strategic
objectives.
Definition
Human resource management (HRM) is the
practice of recruiting, hiring, deploying and
managing an organization's employees. HRM is
often referred to simply as human resources (HR)
• Edwin Flippo defines HRM as- “planning,
organizing, directing, controlling of
procurement, development, compensation,
integration, maintenance and separation of
human resources to the end that individual,
organizational and social objectives are
accomplished”
Roles in HR
The 5 Main Roles in HR
• Talent Management. The talent management
team in the HR department covers a lot of
ground.
• Compensation and Benefits.
• Training and Development.
• HR Compliance.
• Workplace Safety.
Functions of HR Activities
The 7 Major Functions of HR Activities
• Recruitment and Employee Screening. Acquiring
new talent is something every business needs to
do if they wish to grow.
• Company Benefits and Compensation.
• Performance Evaluation.
• Employee Relations.
• Enforcement of Disciplinary Actions.
• Employee Records.
• Continued Education.
Functional areas of human resources
The functional areas of human resources:
• Recruiting and staffing employees.
• Employee benefits.
• Employee compensation.
• Employee and labor relations.
• Human resources compliance.
• Organizational structure.
• Human resources information and payroll.
• Employee training and development.
Basic principles of HR
The seven basic principles of HR:
• Recruitment and selection
• Performance management
• Learning and development
• Succession planning
• Compensation and benefits
• Human resources information systems
• HR data and analysis
Objective of HRM
The primary objective of HRM is to ensure the
availability of right people for right jobs so as
the organisational goals are achieved
effectively
• 1. To help the organisation to attain its goals
effectively and efficiently by providing
competent and motivated employees.
• 2. To utilize the available human resources
effectively.
Objective of HRM
• 3. To increase to the fullest the employee’s job
satisfaction and self-actualisation.
• 4. To develop and maintain the quality of work life
(QWL) which makes employment in the organisation a
desirable personal and social situation.
• 5. To help maintain ethical policies and behaviour
inside and outside the organisation.
• 6. To establish and maintain cordial relations between
employees and management.
• 7. To reconcile individual/group goals with
organisational goals.
Strategic Goals of HRM
Attract
Develop
HRM Planning
Maintain
Job Analysis Training
Forecasting Development Salary
Recruiting Appraisal Labor Relations
Termination
Steps to Becoming an HR Manager
• Earn a Bachelor's or Master's Degree in
Human Resources.
• Consider an Internship.
• Gain the Appropriate Work Experience.
• Apply for a Manager Position.
• Consider Getting Certified.
Human resource management
process
• The human resource management process
consists of a sequence of activities that begins
with the job analysis and HR planning;
progresses to employee recruitment and
selection; then focuses on employee training,
performance appraisal, and compensation;
and ends when the employee leaves the
organization.
HRM Process
• Recruitment & selection,
• performance management,
• learning & development,
• succession planning,
• compensation and benefits,
• Human Resources Information Systems, and
• HR data and analytics are considered
cornerstones of effective HRM.
HRP
• Human resource planning (HRP) is the
continuous process of systematic planning
ahead to achieve optimum use of an
organization's most valuable asset—quality
employees.
• Human resource planning is a process that
identifies current and future human resources
needs for an organization to achieve its goals.