Importance of HRM for an organization.
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Transcript of Importance of HRM for an organization.
PRESENTATION ON
IMPORTANCE OF HRM FOR AN ORGANIZATION
HRM is a product of the human relations movement of the early 20th century, when researchers began documenting ways of creating business value through the strategic management of the workforce.
HRM developed in response to the substantial increase in competitive pressures American business organizations began experiencing by the late 1970s as a result of such factors as globalization, deregulation, and rapid technological change.
Industrial Welfare
Recruitment and Selection
Acquisition of other Personnel Activities
Industrial Relations
Legislation
It's believed that the first personnel management department began at the National Cash Register Co. in the early 1900s, according to an HR Magazine article. After several strikes and employee lockouts, NCR leader John H. Patterson organized a personnel department to handle grievances, discharges, and safety, as well as training for supervisors on new laws and practices
Strategy
Compensation
Benefits
Safety
Liability
Training and Development
Employee Satisfaction
Reasons for Training:
• Turnover
• New technology
• Cost control
• Role & career flexibility
• Orientation
• New appraisal techniques
• Skill & labor shortage
• Globalization & speed of change
• Product & service quality
The Training & Development Process
•– Determine your company’s T&D needs
• _ Decide what are your desired results.
•– Set out clear Training objectives
•_ List clear summaries of your objectives.
•– Choose optimal T&D methods
•_ Know your training options and select the right ones.
•– Implement programs
•_ Set up and execute your training programs.
•– Evaluate programs
Addressing Weaknesses
Improving Performance
Fostering Growth
Enhancing Satisfaction
Reducing Turnover
Productivity is increased
Employee confidence is built, developing key performers, team organization & morale.
Employees are kept current on developing information, further contributing to improved customer service.
Companies can receive a fresh professional perspective.
Job satisfaction, employee motivation, and morale are increased, reducing employee turnover.
Processes gain efficiency
Grievance may be any genuine or imaginary feeling of dissatisfaction or injustice which an employee experiences about his job and it’s nature, about the management policies and procedures. It must be expressed by the employee and brought to the notice of the management and the organization.
Improper working conditions such as strict production standards, unsafe workplace, bad relation with managers, etc.
Irrational management policies such as overtime, transfers, demotions, inappropriate salary structure, etc.
Violation of organizational rules and practices
Quick action
Acknowledging grievance
Gathering facts
Examining the causes of grievance
Execution and review
When companies have unhappy, unmotivated employees, productivity and work relationships may suffer as a result.
For this reason, companies often spend a great deal of energy trying to find out how to best motivate their employees.
Likely motivating tools of employee:
Tool Types
Empowerment
Self-Improvement
Life Enhancement
Bottom Line