Introduction to Human Resource Management

Human Resource Management HRM is the management of people working in an organization HRM is a managerial function that tries to match an organization’s needs to the skills and abilities of its employees HRM is responsible for how people are managed in the organizations. It is responsible for bringing people in organization helping them perform their work, compensating them for their work and solving problems that arise.

Functions of HRM Basic functions that all managers perform: planning, organizing, staffing, leading, and controlling. Staffing (HR planning, recruitment and selection) • Human resource development • Compensation and benefits • Safety and health • Employee and labor relations • Records maintaining, etc. • HR research • Interrelationship of HR functions.

Human Resource Management System Responsibilities Of HRM Human Resource Planning Recruitment & Selection Orientation, Training & Development Performance Appraisal And Management Compensation & Benefits Management

Accommodation to workers' needs Flexible work schedules Growing Importance of HRM Accommodation to workers' needs Flexible work schedules Parental leave Child-care Elder-care assistance Job sharing Increased complexity of the Manager’s job Global foreign competition New technology Expanding scientific information Rapid change

Legislation and litigation Growing Importance of HRM Legislation and litigation Equal employment Compensation Safety Labor relations Women Working Conditions Expertise Employee selection decisions Compensation systems Learning techniques Cost of Human Resources

Helps you get results - through others Significance of HRM Helps you get results - through others Through effective human resource management Helps you avoid common personnel mistakes Hiring the wrong person for the job Experiencing high turnover Finding employees not doing their best Having your company taken to court because of your discriminatory actions Violating general and labor laws Allowing a lack of training Committing any unfair labor practices

Helps you to gain Competitive Advantage Significance of HRM Helps you to gain Competitive Advantage Human resources create the real difference Human resources are the main sources of innovation & creativity in the organizations Human Resources create competitive advantage for the organizations

To Keep Talented People Challenges of Managing HRM in Present Era To Attract People Quality working environment Attractive benefits Opportunities to excel To Develop People Careful need assessment for training Selecting effective training methods and tools Continuous development of workforce To Motivate Influence performance of others Redirect the efforts in desirable direction Using different motivational tools To Keep Talented People

Integrating HRM into corporate strategy, HRM Basic Goals Integrating HRM into corporate strategy, Selecting appropriate HRM options Innovation & Creativity in HRM Practices Rationale cost reduction Securing commitment through building strong cultures Sharing a set of values Achieving flexibility and adaptability Training and multi-skilling Re-organization of work Build a unified organizational culture