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Human Resource Management
Shubhpreet Kaur Gulzar Group of Institutes
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Organizational Goals Financial Resources Human Resources
Physical Resources Human Resources Organizational Goals
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WHAT IS HR????? Human resources is the set of individuals who make up the workforce of an organization, business sector or an economy. Other terms sometimes used include "manpower", "talent", "labor" or simply "people". Organizations are composed of people and these people represent one of the organizations most valuable assets. But the resource is seldom given any importance because the organization does not own people like its other capital and physical assets.
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What is HRM? The process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns. A management function that helps managers recruit, select, train and develop members for an organization. HRM may be defined as a set of policies, practices and programmes designed to maximize both personal and organizational goals.
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"I believe the real difference between success and failure in a corporation can be very often traced to the question of how well the organization brings out the great energies and talents of its people." Thomas J. Watson, Jr. (Thomas J. Watson, Jr., was chairman and chief executive officer during IBM's most explosive period of growth. He led the company from the age of mechanical tabulators and typewriters into the computer era. During his leadership, IBM grew from a medium-sized business to one of the dozen largest industrial corporations in the world. When Mr. Watson became Chief Executive Officer in 1956, IBM employed 72,500 people and had a gross income of $892 million. When he stepped down in 1971, employees numbered more than 270,000 and gross revenue was $8.3 billion. Fortune magazine once called him "the greatest capitalist who ever lived."}
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And I'd say one of the great lessons I've learned over the past couple of decades, from a management perspective, is that really when you come down to it, it really is all about people and all about leadership. Steve Case {Stephen McConnell "Steve" Case (born August 21, 1958) is an American businessman best known as the co-founder and former chief executive officer and chairman of America Online (AOL). Since his retirement as chairman of AOL Time Warner in 2003,[3] he has gone on to build a variety of new businesses through his investment company Revolution. In addition, he serves as chair of the Case Foundation run by his wife Jean Case. In early 2011, he was selected by President Barack Obama to serve as Chairman of the Startup America Partnership [4] and named to the President’s Council on Jobs and Competitiveness. [5] Steve Case is also a frequent guest on CNBC's Squawk Box and appeared on August 24, 2011 to discuss his initiatives to spur high growth entrepreneurship and job creation on behalf of the Startup America Partnership and the President's Council on Jobs and Competitiveness}
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Some eminent personalities…
Dr. T V Rao Dr. Udai Pareek Frederick Winslow Taylor Frederick Winslow Taylor (March 20, 1856 – March 21, 1915). He was an American mechanical engineer who sought to improve industrial efficiency. He is regarded as the father of scientific management and was one of the first management consultants King Hammurabi
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Evolution of HRM assets Procure, develop and motivate
Procure and develop
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Nature of HRM Integral part of process of management.
Comprehensive Function Pervasive Function People Oriented Based on human relations Continuous process Science as well as art Recent origin Interdisciplinary Basic to all functional areas.
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Employee Remune-ration Employee Mainte -nance
Scope of HRM Introduction to HRM Employee Hiring Employee Remune-ration Employee motivation Employee Mainte -nance Industrial Relations Prospects of HRM
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Industrial Relation Aspect
Scope of HRM Industrial Relation Aspect Welfare Aspect Personnel Aspect
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Objectives of HRM Personnel Objectives Functional Objectives
Organizational Objectives Societal Objectives
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Functions of HRM w.r.t objectives
Societal Objectives Legal Compliance Union-Management Relations
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Functions Organizational HRP Employee Relations Selection T nd D
Appraisal Placement Assessment
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Functions Functional Appraisal Placement Assessment
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Functions (cntd…) Personal T nd D appraisal Placement Compensation
Assessment
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Policies, Principles and Procedures
Policy : A plan of action.. A statement of action committing management to a general course of action. Principle: fundamental truth established by research, investigation and analysis….guide the managers in formulating policies, programs and procedures. Procedures: a method for carrying out a policy….
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Importance of HRM Importance for organization Importance for employees
Importance for society.
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Compare HRD and HRM HRM HRD Entire management process Subset of HRM
Scope is wider Narrow scope Emphasis on employee as a whole Training and Development of employees Takes decisions Depends on decisions of HRM
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Limitations of HRM Recent origin Lack of Top Management Support
Improper Implementation Inadequate Development Programmes. Inadequate Information.
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Systems approach to HRM
An enterprise cannot work in isolation. Has to adjust its working to suit the environment. Subsystems: Departments that are created in an organization to carry out its business effectively. Each subsystem has a number of further subsystems.
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Important Subsystems HR system Production System Finance System
Marketing System Research and development System
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Human Resource Management System
Transforms inputs to outputs. HR system interacts closely with all other subsystems. Quality of people in all subsystems depends upon policies of HRM System Productive Human Resource Personnel
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Organizational Design
Place Composition
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Place Of HR Department Size Matters!!!! In case of a small unit…………
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