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During first four hundred years it was all about which was gradually replace by human resource. With internet connectivity , information revolution and Age of customized services human resource became of utmost importance.
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It requires keen observation of human traits sensitivity arising from emotional intelligence, and understanding of human nature like a psychologist HRM cannot be defined by simple thumb rules, nor can it be taught or explained by simple theories, without a grave risk of oversimplification.
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Human resources management originally began as personnel management, but today it encompasses many well defined substreams of functions that can be listed as under:
(1) Workforce planning (2) Recruitment
Unlike managing other resources like machines, real estate and finance, managing human beings is a totally different ball game.
unlike other assets, each employee has his own goal and will work first to attain that goal, even if it is at the cost of the goals of the organization . Thus, no employee can ever be made to provide his optimum output for the organization unless the goals of the organization are closely aligned with his own goals.
Human Resource Development (HRD) is the framework for helping employees develops their personal and organizational skills, knowledge, and abilities. HRM means to Select, Develop, Motivate and Maintain human resources, in the organization. It motivates them by giving them recognition and rewards. It also provides them with the best working conditions.
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1) HRM as a Process HRM is a process of four Functions . Acquisition of human resources. Development of human resources. Motivation of human resources Maintenance of human resources
2. Multidisciplinary.
3. Placement Function.
4. Performance Appraisal.
5. Career Development.
6. Quality of Work Life (QWL)
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The HRM focus should always be maintaining and, ideally, expanding the customer base while maintaining, and ideally, maximizing profit. The bottom line of the company is the focus of the HRM department as well as the function.
The activities performed by HRM professionals fall under five major domains: (1) Organizational Design. (2) Staffing . (3) Performance management & Appraisal. (4) Employee & organizational Development .
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Selection .
Performance Evaluation .
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