UNIT 1
Human Resource Management (HRM) comprises of planning, organizing, directing, controlling for procurement(recruitment and staffing), development, compensating and maintenance to achieve individual objectives, organizational objectives and societal objectives.
HRM is the process of managing people in organizations in a structured and thorough manner.
HRM is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training the purpose of HRM is to maximize the productivity of an organization by optimizing theeffectiveness of its employees.
Human Resource Management(HRM), is a process of bringing people and organization together so that the goals of each are met. It is that part of the management process which is concerned with the management of human resources in an organization. It tries to secure the best from people by winning the whole hearted cooperation. HRM may be defined as the art of procuring, developing and maintaining competent workforce to achieve the goals of an organization in a effective and efficient manner.
FUNCTIONS OF HRM (NOTES)
SCOPE
Human resources are undoubtedly the key resources in an organization, the easiest and the most difficult to manage! The objectives of the HRM span right from the manpower needs assessment to management and retention of the same. To this effect Human resource management is responsible for effective designing and implementation of various policies, procedures and programs. It is all about developing and managing knowledge, skills, creativity, aptitude and talent and using them optimally.
Human Resource Management is not just limited to manage and optimally exploit human intellect. It also focuses on managing physical and emotional capital of employees. Considering the intricacies involved, the