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IBS Gurgaon
HRM vs HCM (Human Resource management to
Human Capital Management)
Human Resources to Human
Capital
Brilliant Business Plan
HR for Entrepreneurs
More than half the people working in the USA work for small firms. Small
businesses account for the most of the new businesses created every
year. In India SMEs account for 95% of Industrial units. Therefore in next
few years statistically speaking graduates passing out from colleges either
work largely in Small firms and starting on their own.
Finance /Marketing Managers
knowing HRM -- important to all
Managers
Wrong Hire ????
People Productivity
Cost
Quality
Efficiency
HRM (Scope)
Job & Salary ( Job Analyses , Role description, compensating
employees,salary administration
Performance Management
Training
Employee Welfare
superior to subordinate
Job performance,training
Development,motivation,morale
Line and staff
Hiring (line + staff)
HR Management
Selection tools implementation (staff)
Compensation – staff
Generation Y: high cost , high maintenance however High IT skill and high
performing millennial, by 2020 average age in India would be 29 in comparison
to 37 in China and USA, 45 in western Europe and 48 in Japan.
Manage Ethics
Human Resource Planning
Finding Gaps
outcomes
Recruitment plan
Redeployment plan
Redundancy plan
Training plan
Compensation Plan
Retention Plan
JOBS
Organisation
Work
WORK OUTPUT
INPUT (Jobs & (Goods &
( People,Money,Material etc) activities)
Services)
1. Recruitment
2. Compensation Management
3. Performance Appraisal
4. Training & Development
Job Analysis-----
Planning to do JA – Reasons /objectives ( update JDs,revise
.
compensation programs,job redesign etc
Organizational Responsibilities
Role of HR ,Role of Line Managers, How you recruit (centralize/decentralize)
Creating an Employer Brand, creating recruiting presence,
training of recruiters / consultants.
Recruiting Methods
Internal methods : organizational database, job posting,promotion,transfer,current employeee referral,
re hire former empls, external methods , web based methods ( job sites,social media), Campus Hiring
.
Creative Recruiting Methods
For a niche skill or in a tight labor market employers turn to be creative.
Recruiting Ex Employees
Selection
Right for the job may not be right for the Org.
Utility Analysis
Test Security
Diversity if counts
Data Analytics :
Crowd sourcing:
Work sampes/Simulations
Selection/Testing
Management Assessment Centre
Background check
Reference Check