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MEANING OF HRM

The process of managing people in organizations in a structuredand thorough manner.

This covers the fields of :-

Staffing (hiring people)Retention of peoplePay and perks setting managementPerformance managementChange managementTaking care of exits from the company to round off the activities

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FROM A MACRO PERSPECTIVE

Managing people in the form of a collective relationship betweenmanagement and employees.

This approach focuses on the objectives and outcomes of the HRM function.

What this means is that the HR function in contemporary organizations isconcerned with the notions of people enabling, people development anda focus on making the employment relationship fulfilling for both themanagement and employees.

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NATURE OF HRM

ACTION ORIENTED

INDIVIDUAL ORIENTED

PEOPLE ORIENTED

FUTURE ORIENTED

DEVELOPMENT ORIENTED

COMPREHENSIVE FUNCTION

AUXILIARY SERVICE

CONTINUOUS FUNCTION

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OBJECTIVE OF HRM

TO HELP THE ORGANISATION REACH ITS GOALS

TO EMPLOY THE SKILLS AND ABILITIES OF THEWORKFORCE EFFICIENTLY

TO PROVIDE THE ORGANISATION WITH WELL- TRAINED AND WELLMOTIVATED EMPLOYEES

TO INCREASE TO THE FULLEST THE EMPLOYEE'S JOB SATISFACTIONAND SELF ACTUALIZATION

TO DEVELOP AND MAINTAIN A QUALITY OF WORK LIFE

TO COMMUNICATE HR POLICIES TO ALL EMPLOYEES

TO BE ETHICALLY AND SOCIALLY RESPONSIVE TO THE NEEDS OF

SOCIETY.

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IMPORTANCE OF HRM

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IMPORTANCE OF HRM

AT THE ENTERPRISE LEVEL

Attracting and retaining the best in the organisation.Planning or alerting the company to the types of people it will need in the short,medium and long run.Training people for challenging rolesDeveloping right attitude towards the job and the company,Promoting team spirit among employeesDeveloping loyalty and commitment through appropriate reward schemes.

AT THE INDIVIDUAL LEVEL

It promotes team work and team spirit among employeesIt offers excellent growth opportunities to people who have the potential to rise.It allows people to work with diligence and commitmentHandle legal pressures relating to employee related laws

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IMPORTANCE OF HRM

AT THE SOCIETY LEVELEmployment opportunities multiplyScarce talent is put to its best use. Companies that pay and treat people well

always race ahead of the others and deliver excellent results.

AT THE NATIONAL LEVELEffective use of human resources helps in exploitation of natural, physicaland financial resources in a better way. People with right skills

Proper attitudes and appropriate values help the nation to get ahead andcompete with the best in the worldThus leading to better standard of living and better employment.

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FUTURE OF HRM : INFLUENCING FACTORS

SIZE OF WORKFORCE

COMPOSITION OF WORKFORCE

EMPLOYEE EXPECTATION

CHANGES IN TECHNOLOGY

LIFE STYLE CHANGES

ENVIRONMENTAL CHALLENGES

PERSONNEL FUNCTION IN FUTURE* PRODUCTIVITY* RECRUITMENT AND SELECTION* TRAINING AND DEVELOPMENT* REWARDS