HUMAN RESOURCE MANAGEMENT

DEFINITION

According to Flippo Human resource management is the planning, organizing, directing& controlling of the procurement, development, compensation, integration, maintenance& separation of human resource to the end that individual, organizational& social objectives are accomplished In short term HRM is an art of managing people at work in such a manner that they give their best to the organization for achieving its set goals

IMPORTANCE OF HRM

Significance of an enterprise:
*Attracting& relating the required talent through effective HRP, recruitment, selection, placement, orientation, compensation& promotion policies *Developing the necessary skills& right attitudes among the employees through training, development, performance appraisal, etc

Professional significance: *Providing maximum opportunity for personal development of each employee *Allocating work properly

Social significance
*Providing suitable employment that provides social& psychological satisfaction to people *Maintaining a balance between the job available& the job seekers in terms of numbers, qualifications, needs& aptitude

National significance
*The level of development in a country depends primarily on the skills, attitudes& values of its human resource

OBJECTIVES OF HRM
Primary objective availability of right people for right job Sub-objectives - To help the organization to attain its goals effectively& efficiently by providing competent& motivated employees - To utilize the available human resource effectively - To increase the fullest employees job satisfaction& self actualization -To develop& maintain the quality of work life which makes employment in the organization a desirable personal& social situation

Objectives of HRM

1. societal objectives: To improve more employment opportunities To provide maximum productivity To control the wastage of effort To provide maximum material & mental satisfaction to workforce To help to maintain ethical policies & socially responsible behaviour To encourage healthy relations & social welfare

Objectives of HRM

Organizational objectives *to help the organization to reach its goal *to efficiently employ the skills & ability of the workforce *to provide well trained & well motivated employees to the organization *to communicate HRM policy to all employees To develop & maintain a quality of work life that makes emploment in the organization desirable

Personal objectives *to provide adequate remuneration to the employees *to provide job security *to provide facilitates for proper training & development *to provide good working environment *to increase the employees job satisfaction & self actualisation Labour union objectives *to recognize the labour union *to establish the personnel policies in consultation with unions

Objectives of HRM

FUNCTIONS OF HRM

Managerial function *Planning *Organizing *Directing *Controlling Operative function -Employment *Job analysis *Human resource planning *Recruitment * Selection *Placement

-Human resource development *Performance appraisal *Training *Management development *Career planning & development training, promotion, transfer - Compensation *Job evaluation *Wage& salary administration *Incentives *Bonus *other benefits

JOB ANALYSIS

Job- A group of task that must be performed if an organization is to achieve its goals Job analysis The systematic process of determining the skills, duties& knowledge required for performing specific job in an organization Job description-A document that provides information regarding the task, duties& responsibility of a job Job specification- A document that outlines the minimum acceptable qualification a person should possess to perform a particular job

HUMAN RESOURCE PLANNING

HRP-The process of systematically reviewing HR requirements to ensure that the required numbers of employees, with the required skills, are available when and where they are needed. RECRUITMENT Recruitment is the process of attracting individuals on a timely basis, in sufficient numbers, and with appropriate qualifications, and encouraging them to apply for jobs with an organization.

SOURCES OF RECRUITMENT
Internal recruitment sources Job postingA procedure for communicating to company employees the fact that a job opening exists Job bidding- A techniques that permits individuals in an organization who believe that they possess the required qualification to apply for a posted job. Employee referrals- application from their friends and associates

External recruitment sources Needs: A)to fill entry level jobs B)to acquire skills not possess by current employees C)to obtain employees with different backgrounds to provide a delivery of ideas Sources: *Advertisement *Job fair *Employment exchange, etc

Selection is the process of choosing from a group of applicants those individuals best suited for a particular position and an organization. Selection ratio : number of open position number of available applicants Selection Process: 1. Preliminary Interview 2. Review of Applications and Resumes 3.Selection test 4. Employment interview

SELECTION

5.Reference and background check 6.Selection decision 7.Medical Examination 8.Placement Human Resource Development HRD is the major HRM function that consists not only of training and development but also of individual career planning and development activities ,organization development and performance appraisal

Training-Designed to provide learners with the knowledge and skills needed for the present job Development-Learning experiences provided by an organizations for the purpose of upgrading skills and knowledge required current and managerial position Career planning- An ongoing process where by an individual sets career goal and identifies the means to achieve them. It should concentrate on the work environment also Career Development-A formal approach used by the organization to ensure that people with proper qualification and experiences are available when needed

Performance appraisal

Performance appraisal- A formal system of review and evaluation of individual or team task performance Compensation- the financial and non-financial rewards by an employer for the time, skills and effort made available by the employee in fulfilling job requirements aimed at achieving organizational objectives