2 Human Resource Management HRM is the management of people working in an organizationHRM is a managerial function that tries to match an organization’s needs to the skills and abilities of its employeesHRM 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.
3 Functions of HRMBasic 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.
4 Human Resource Management System Responsibilities OfHRMHumanResourcePlanningRecruitment&SelectionOrientation,Training&DevelopmentPerformanceAppraisalAndManagementCompensation&BenefitsManagement
5 Accommodation to workers' needs Flexible work schedules Growing Importance of HRMAccommodation to workers' needsFlexible work schedulesParental leaveChild-careElder-care assistanceJob sharingIncreased complexity of the Manager’s jobGlobal foreign competitionNew technologyExpanding scientific informationRapid change
6 Legislation and litigation Growing Importance of HRMLegislation and litigationEqual employmentCompensationSafetyLabor relationsWomen Working ConditionsExpertiseEmployee selection decisionsCompensation systemsLearning techniquesCost of Human Resources
7 Helps you get results - through others Significance of HRMHelps you get results - through othersThrough effective human resource managementHelps you avoid common personnel mistakesHiring the wrong person for the jobExperiencing high turnoverFinding employees not doing their bestHaving your company taken to court because of your discriminatory actionsViolating general and labor lawsAllowing a lack of trainingCommitting any unfair labor practices
8 Helps you to gain Competitive Advantage Significance of HRMHelps you to gain Competitive AdvantageHuman resources create the real differenceHuman resources are the main sources of innovation & creativity in the organizationsHuman Resources create competitive advantage for the organizations
9 To Keep Talented People Challenges of Managing HRM in Present EraTo Attract PeopleQuality working environmentAttractive benefitsOpportunities to excelTo Develop PeopleCareful need assessment for trainingSelecting effective training methods and toolsContinuous development of workforceTo MotivateInfluence performance of othersRedirect the efforts in desirable directionUsing different motivational toolsTo Keep Talented People
10 Integrating HRM into corporate strategy, HRM Basic GoalsIntegrating HRM into corporate strategy,Selecting appropriate HRM optionsInnovation & Creativity in HRM PracticesRationale cost reductionSecuring commitment through building strong culturesSharing a set of valuesAchieving flexibility and adaptabilityTraining and multi-skillingRe-organization of workBuild a unified organizational culture