PowerPoint Presentation

BBA Semester - IIIH.R.M & OB

Introduction to HRM

Overview

ContentsHRM: Concept & Its DefinitionImportance of HRMFunctions of HRMHRM Department: Organisation & RoleHRM vs. HRDLimitations of HRMChallenges before HRM

Human ResourcesAre the greatest assets of an Org.All other resources get connected through menTo make them deliver they need to be Properly selectedProperly trainedProperly motivated

Definitions of HRM HRM is the function facilitating the most effective use of people to achieve both organizational and individual goals

HRM is that field of management which deals with planning, organizing & controlling the functions of procuring, developing, maintaining and utilizing a labor force such that organizational & individual goals are fulfilled

HRM isProcess of acquiring, training, appraising and compensating employees such that they are motivated to achieve both the organisational and individual goals

Importance of HRMImportance of human resources can be discussed at four levels:CorporateProfessionalSocialNational

CorporateHRM can help an enterprise in the following ways:Attracting talent through effective HRPDeveloping necessary skills & attitude with trainingSecuring cooperation through motivationRetaining talent through the right policies

ProfessionalHRM helps improve quality of work life and contributes to growth in the following ways:Opportunities for personal developmentMotivating work environmentProper allocation of workHealthy relationships between individuals & groups

SocialSociety benefits from good HRM in many ways:Good employment opportunitiesDevelopment of human capitalGeneration of income & consumptionBetter lifestyles

NationalDrivers of development of a countryDeliver economic growth

Functions of HRMThe process of HRM consists of 4 basic functions:Acquisition of human resourcesDevelopment of human resourcesMotivation of human resourcesMaintenance of human resources

Acquisition FunctionProcess of identifying and employing people possessing required level of skillsJob AnalysisHRPRecruitmentSelection

Development FunctionProcess of improving, moulding and changing the skills, knowledge and ability of an employeeEmployee TrainingManagement DevelopmentCareer Development

Motivation FunctionProcess of integrating people into a work situation in a way that it encourages them to perform / deliver to the best of their abilityUnderstanding needsDesigning motivatorsMonitoring

Maintenance FunctionProcess of providing employees the working conditions that help maintain their motivation and commitment to the organisationSatisfaction LevelsRetention

Organisation of HRM Department

Role of HR ManagerJob Design / Job AnalysisHuman Resource PlanningRecruitment & SelectionTraining & DevelopmentPerformance AppraisalCompensation / BenefitsPersonnel Information SystemsEmployee Motivation / Assistance

HRM vs. HRDHRM is the process of effectively employing people in an organisationHRD is the process of training & development of employees to make them effectiveHRD is an important subset of HRM

Limitations of HRMHRM only a support function!Training programs only a cost!Not an as & when needed function!Not specifically qualified / trained people!Inadequate information systems / records!Misunderstood as HRD!

Challenges before HRMGlobalisation (More productivity)Technological Trends (New skill set)Increasing Service Sector (Customer Interface)Working Trends (9 to 9!)Demographic Trends (Young India!)

SummaryHRM: Concept & Its DefinitionImportance of HRMFunctions of HRMHRM Department: Organisation & RoleHRM vs. HRDLimitations of HRMChallenges before HRM