Unit - 1 Introduction to HRM Contents HRM: Concept & Its

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Unit - 1

• Introduction to HRM

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Contents

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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Human Resources

• Are an organisations greatest assets
• All other resources get connected through men
• To make them deliver they need to be
• Properly selected
• Properly trained
• Properly motivated

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Definitions of HRM

• Byers Rue HRM is the function facilitating
  the most effective use of people to achieve both
  organisational and individual goals
• Michael Jucious HRM is that field of management
  which deals with planning, organising
  controlling the functions of procuring,
  developing, maintaining and utilising a labour
  force such that organisational individual goals
  are fulfilled

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HRM is

• Process of acquiring, training, appraising and
  compensating employees such that they are
  motivated to achieve both the organisational and
  individual goals

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Till now

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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Importance of HRM

• Importance of human resources can be discussed at
  four levels
• Corporate
• Professional
• Social
• National

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Corporate

• HRM can help an enterprise in the following ways
• Attracting talent through effective HRP
• Developing necessary skills attitude with
  training
• Securing cooperation through motivation
• Retaining talent through the right policies

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Professional

• HRM helps improve quality of work life and
  contributes to growth in the following ways
• Opportunities for personal development
• Motivating work environment
• Proper allocation of work
• Healthy relationships between individuals groups

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Social

• Society benefits from good HRM in many ways
• Good employment opportunities
• Development of human capital
• Generation of income consumption
• Better lifestyles

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National

• Drivers of development of a country
• Deliver economic growth

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Till now

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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Functions of HRM

• The process of HRM consists of 4 basic functions
• Acquisition of human resources
• Development of human resources
• Motivation of human resources
• Maintenance of human resources

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Acquisition Function

• Process of identifying and employing people
  possessing required level of skills
• Job Analysis
• HRP
• Recruitment
• Selection

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Development Function

• Process of improving, moulding and changing the
  skills, knowledge and ability of an employee
• Employee Training
• Management Development
• Career Development

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Motivation Function

• Process of integrating people into a work
  situation in a way that it encourages them to
  perform / deliver to the best of their ability
• Understanding needs
• Designing motivators
• Monitoring

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Maintenance Function

• Process of providing employees the working
  conditions that help maintain their motivation
  and commitment to the organisation
• Satisfaction Levels
• Retention

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Till now

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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Organisation of HRM Department
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Role of HR Manager

• Job Design / Job Analysis
• Human Resource Planning
• Recruitment Selection
• Training Development
• Performance Appraisal
• Compensation / Benefits
• Personnel Information Systems
• Employee Motivation / Assistance

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Till now

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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HRM vs. HRD

• HRM is the process of effectively employing
  people in an organisation
• HRD is the process of training development of
  employees to make them effective
• HRD is an important subset of HRM

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Till now

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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Limitations of HRM

• HRM only a support function!
• Training programs only a cost!
• Not an as when needed function!
• Not specifically qualified / trained people!
• Inadequate information systems / records!
• Misunderstood as HRD!

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Till now

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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Challenges before HRM

• Globalisation (More productivity)
• Technological Trends (New skill set)
• Increasing Service Sector (Customer Interface)
• Working Trends (9 to 9!)
• Demographic Trends (Young India!)

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Summary (Unit 1)

• HRM Concept Its Definition
• Importance of HRM
• Functions of HRM
• HRM Department Organisation Role
• HRM vs. HRD
• Limitations of HRM
• Challenges before HRM

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