Human Resource Management -Introduction

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Information about Human Resource Management -Introduction

Published on November 19, 2009

Author: aSGuest31588


HUMAN RESOURCE MANAGEMENT : HUMAN RESOURCE MANAGEMENT INTRODUCTION CONCEPTS : CONCEPTS MANAGEMENT – Accomplishment of organisational objectives by utilizing physical, & financial resources through the efforts of human resources. RESOURCES - factors of production results in conversion of raw materials into useful goods/services. Evolution of concept of HR : Evolution of concept of HR 1. Labour / Manpower – denotes physical abilities & capacities of employees – commodity-wages based on demand & supply 2. Personnel – persons employed in service – employees as a whole 3. HR- denotes resources of all the people who contribute their services to the attainment of organisational goals Slide 4: Human Resources – Acc to Leon C. Megission, “HR is the total knowledge, skills, creative abilities, talents and aptitudes of an organisation’s workforce as well as the values, attitudes and beliefs of the individuals involved.” Human Resource Management : Human Resource Management Defined as the art of procuring, developing and maintaining competent workforce to achieve goals of an organisation in an effective and efficient manner. HUMAN CAPITAL : HUMAN CAPITAL “Our employees are our greatest assets, and the ability to attract and retain them is the key driver of our future success.” The human capital can be defined as "the embodiment of productive capacity within people. It is the sum of people’s skills, knowledge, attributes, motivations, and fortitude. It can be given or rented to others, but only on a temporary basis; its ownership is non-transferable.” Importance of HRM : Importance of HRM HR – most important resource Put other resources to proper use Help transform lifeless factors of production into useful products Capable of enlargement – produce extraordinary things when inspired Can help organisation achieve results quickly, efficiently & effectively. Features of HRM : Features of HRM Concerned with employees, both individuals and as a group Development of HR. covers all levels and all categories – unskilled/skilled/tech/prof/clerical/magerial Applies to all types of organisation Continuous process Slide 11: Aims at attaining the goals of an organisation Responsibility of all line managers and a function performed by staff managers. Functions of HRM : Functions of HRM Managerial Functions: Planning, Organizing, Directing , Controlling B. Operative Functions: Procurement functions, Development functions, Motivation & compensation, Maintenance, Integration, & Separation. Slide 13: Planning – Determine the personnel prog regd recruitment, selection, & training to achieve desired objectives. Organizing – design structure of relationships b/w jobs, personnel and physical factors. Directing – Getting people to do work willingly & effectively thro supervision and guidance, motivation & leadership. Controlling – ensure accomplishment of plans correctly- measure performance thro review reports, records etc. Managerial Functions Operative Functions : Operative Functions Procurement Function – concerned with procuring & employing people with required knowledge, skill and aptitude. Development – Increase of skills, knowledge abilities etc Motivation & compensation – inspire people to give best-through incentives & rewards Integration – of goals thro progs, redressal, negotiations. Maintenance – protecting & preserving physical and psychological health of employees Separation

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