INTRODUCTION TO HRM

MY EMPLOYEES ARE MY MOST IMPORTANT ASSETS. WHEN THEY GO HOME IN EVENING, MY NET WORTH DROPS TO ZERO
- A SOFTWARE BILLIONAIRE IN SILLICON VALLEY( USA )

HRM IS THE MANAGEMENT FUNCTION THAT HELPS MANAGERS RECRUIT, SELECT, TRAIN & DEVELOP MEMBERS FOR AN ORGANISATION. OBVIOUSLY, HRM IS CONNECTED WITH THE PROPLES DIMENSION IN ORGANISATIONS. IT IS ALSO CONCERNED WITH HIRING, MOTIVATING, AND MAINTAINIGN PEOPLE IN AN ORGANISATION. IT FOCUS ON PEOPLE IN ORGANISATION.

DEFINITION OF HRM
HRM IS A SERIES OF INDEGRATED DECISIONS THAT FORM THE EMPLOYMENT RELATIONSHIP, THEIR QUALITY CONTRIBUTES TO THE ABILITY OF THE ORGANISATION AND THE EMPLOYEES TO ACHIEVE THEIR OBJECTIVES - MILKOWICH & BOUDREAU

IMPORTANCE OF HRM

ORGANISATIONAL SOCIAL PROFESSIONAL

ORGANISATIONAL IMPORTANCE
EFFECTIVE UTILISATION OF HUMAN RESOURCE AND MOTIVATION DEVELOPMENT OF PERSONNEL

AVAILABILITY OF HUMAN RESOURCE

SOCIAL IMPORTANCE
BALANCE BETWEEN JOBS AND JOB-SEEKERS

PROVIDING MOST PRODUCTIVE EMPLOYMENT EFFECTIVE UTILISATION OF HUMAN CAPABILITIES ELIMINATING WASTEFUL ORGANISATION AND INDIVIDUAL PRACTISE

PROFESSIONAL IMPORTANCE

DEVELOPMENT OF PEOPLE TO MEET CHALLENGES

MAINTAINING THE DIGNITY PROVIDING BETTER ENVIRONMENT AT WORKPLACE PROVIDING INCENTIVES

HRM- OBJECTIVES AND FUNCTIONS

OBJECTIVES
1. SOCIETAL OBJECTIVES

SUPPORTING FUNCTIONS
LEGAL COMPLIANCE BENEFITS UNION-MANAGEMENT RALATION

2. ORGANISATIONAL OBJECTIVES

HR-PLANNING EMPLOYEES RELATION SELECTION TRAINING AND DEVELOPMENT

3. FUNCTIONAL OBJECTIVES

APPRAISAL

PLACEMENT
ASSESSMENT 4. PERSONAL OBJECTIVES COMPENSATION PLACEMENT TRAINING AND DEVEOPMENT

CONCLUSION

AN ORGANISATION MUST HAVE SET POLICIES, DEFINITE PROCEDURES AND WELL-DEFINED PRINCIPLES RELATING TO ITS PERSONNED. THESE CONTRIBUTES TO THE EFFECTIVENESS, CONTINUITY AND STABILITY OF ORGANISATION

ANY QUESTION

CONCLUSION AN ORGANISATION MUST HAVE SET POLICIES, DEFINITE PROCEDURES AND WELL-DEFINED PRINCIPLES RELATING TO ITS PERSONNEL. THESE CONTRIBUTES TO THE EFFECTIVENESS, CONTINUITY AND STABILITY OF ORGANISATION.