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institutions
Human Resource
Management in Islamic
Micro Finance
Institutions
By: Syed Hussain Haider
Introduction to HRM
Two questions:
Does it matter?
Why does it matter?
What is HRM?
Organizations methods and procedures
for managing people to enhance skills
and motivation
Activities to enhance the organizations
ability to attract, select, retain and
motivate people
The Death of HR ?
Traditional personnel
function
Recordkeeping
Perceived as a dumping ground
Definition of HRM
Strategic
and
coherent
approach to the management
of
an
organizations
most
valued asset the people
working there who individually
and collectively contribute to the
achievement of its objectives.
Elements of human
resource cycle
1.Selection: matching available
human resources to jobs
2.Appraisal: performance
management
3.Rewards: focus on organizational
performance (most under-utilized
and mishandled tool)
short-term and long-term
and
y e e i on s
plo
t
Em r Rela
o
Lab
Human
Resource
1
Planning
Safety and
Health
Hu
m
De an
ve Re
lo s o
pm u
en rce
t
Co m
pen
sati
on
af
t
S
ng
11
Aims of HRM
1. Organizational effectiveness (HRM makes a
significant impact on firm performance)
2. Human capital management (HC is the
prime asset the aim is to develop the inherent
capacities of people)
3. Knowledge management (support the
development of firm-specific knowledge)
4. Reward management (enhance motivation,
job engagement)
5. Employee relations (harmonious relationship
between partners)
6. Meeting diverse needs (stakeholders,
workforce)
7. Bridging the gap between rhetoric and
HRM concepts
People Management
Human Resources
Management
Human Capital
Management
Human Resource
Management
Part of total management process
Focus on staffing processes
o Job analyses
o Recruiting
o Selecting
o Orientation
o Compensation
o Performance
o Compliance issues
o Research
Technological advances
Deregulation slowdown
Slower economic growth
Evidence-based
Human Resource
Management
Big
picture
Competencies
Performance,
results,
evidencebased practice
Transactional
Services
The New
Human
Resource
Managers
Employee
Engagement
Talent
Management
Ethics
Q&
A?