Human Resource Management

The process of hiring and developing employees so that they can become more valuable to the organization..

HRM is the function within an organization that focuses on recruitment and selection, development of employees and providing direction to both the employees and organization to achieve organizational goal..

What is HRM?

HRM is simply managing people at workplace..

Managing involves five major functions:1. Planning2. Organizing3. Staffing4. Leading5. Controlling

What is HRM? contd

1. Planning:Establishing goals and standards, developing rules, procedures, plans and forecasting..

2. Organizing:Establishing departments, giving each subordinate a specific task, delegating them authority, establishing channels of authority and communication, coordinating subordinates’ work

What is HRM? contd

3. Staffing:Involves recruitment and selection, training and development of employees..Setting performance standards, performance evaluation and compensation..

What is HRM? contd

4. Leading:Motivating subordinates to get the job done and maintaining morale..

5. Controlling:Checking either the actual performance meets with the desired performance, if not take corrective actions..

What is HRM? contd

Global HomeTechnological GrowthInformation EraGlobal MarketTough CompetitionHiring Right PeopleDecrease TurnoverAvoid Unfair Labor PracticesDealing with Legal Forces

Importance of HRM

HRM operates in open and dynamic environment..

Ever changing internal and external environment..

Ever changing environment creates threats and opportunities..

Challenges to HRM

Two kinds of challenges:1. “External Organizational Challenges”

refers to the forces in the external environment that are beyond the control of managers..

Globalization Political Changes Economic Changes Socio-cultural Changes Technological Changes

Challenges to HRM contd

2. “Internal Organizational Challenges” refers to the internal forces of organization which are under the control of managers..

Workforce Diversity Organizational Objectives Downsizing Decentralization Conflict

Challenges to HRM contd