Human Resource Management
Contents
1) Abstract………………………………………………………….2
2) Introduction (What is HRM?)…………………………………2
3) HRM vs. Personal Management…………………………..3 & 4
4) McGregor Theory X and Y………………………………..4 & 5
5) Analysis………………………………………………………….6
6) Abraham Maslow’s Hierarchy of Needs……………....6, 7 & 8
7) Analysis………………………………………………………….9
8) Conclusion…………………………………….………….…….10
9) References………………………………………………...11 & 12
Abstract:
This report is a guide about human resource management and a detailed theory of two models that is used in HRM. It is the activity done by the management in the firms to recruit, retain and motivate their workers. HRM is the package of strategies, agendas and plans which the firms implement with the aim of making optimum use of the individuals they employ. This means, everything starting from recruitment and selection methods to how to handle or treat them.
(Walker, 2013)
Introduction: What is Human Resource Management?
Human resource management (HRM) is the authority of an organization’s or a firm’s employees. Human Resource Management is often stated as human resources (HR).
The human resource department is solely accountable for producing, executing or overseeing the policies regarding the employees’ behavior in the working environment and the behavior of the organization toward the employees.
People who work for the firm are the human resources of that organization. Management of these human resources is really the employee management with a vision or highlighting those workers as assets of the organization. Workers are often referred to as human capital in this perspective. Considering the other business assets; the main aim is to make optimum utilization of the employees, reducing risk associated with it and get the most of the return on investment (ROI). (Margaret Rouse, 2011)
Fig: Human Resource Management
HRM vs. Personnel Management:
1) Personal management is an old traditional method of supervising people in the firm. On the contrary, human
1) Abstract………………………………………………………….2
2) Introduction (What is HRM?)…………………………………2
3) HRM vs. Personal Management…………………………..3 & 4
4) McGregor Theory X and Y………………………………..4 & 5
5) Analysis………………………………………………………….6
6) Abraham Maslow’s Hierarchy of Needs……………....6, 7 & 8
7) Analysis………………………………………………………….9
8) Conclusion…………………………………….………….…….10
9) References………………………………………………...11 & 12
Abstract:
This report is a guide about human resource management and a detailed theory of two models that is used in HRM. It is the activity done by the management in the firms to recruit, retain and motivate their workers. HRM is the package of strategies, agendas and plans which the firms implement with the aim of making optimum use of the individuals they employ. This means, everything starting from recruitment and selection methods to how to handle or treat them.
(Walker, 2013)
Introduction: What is Human Resource Management?
Human resource management (HRM) is the authority of an organization’s or a firm’s employees. Human Resource Management is often stated as human resources (HR).
The human resource department is solely accountable for producing, executing or overseeing the policies regarding the employees’ behavior in the working environment and the behavior of the organization toward the employees.
People who work for the firm are the human resources of that organization. Management of these human resources is really the employee management with a vision or highlighting those workers as assets of the organization. Workers are often referred to as human capital in this perspective. Considering the other business assets; the main aim is to make optimum utilization of the employees, reducing risk associated with it and get the most of the return on investment (ROI). (Margaret Rouse, 2011)
Fig: Human Resource Management
HRM vs. Personnel Management:
1) Personal management is an old traditional method of supervising people in the firm. On the contrary, human
References: Boeree, D. (2006). Abraham Maslow. [online] Webspace.ship.edu. Available at: http://webspace.ship.edu/cgboer/maslow.html [Accessed 5 Dec. 2014]. Green, C. (2000). Classics in the History of Psychology -- A. H. Maslow (1943) A Theory of Human Motivation. [online] Psychclassics.yorku.ca. Available at: http://psychclassics.yorku.ca/Maslow/motivation.htm [Accessed 5 Dec. 2014]. Gregor, M. (1960). Theory X and Theory Y. [online] Wikipedia. Available at: http://en.wikipedia.org/wiki/Theory_X_and_Theory_Y [Accessed 4 Dec. 2014]. Hindle, T. (2008). Theories X and Y. [online] The Economist. Available at: http://www.economist.com/node/12370445 [Accessed 4 Dec. 2014]. Rouse, M. (2011). What is human resource management (HRM)? - Definition from WhatIs.com. [online] Searchcio.techtarget.com. Available at: http://searchcio.techtarget.com/definition/human-resource-management-HRM [Accessed 3 Dec. 2014]. Teachspace.org, (n.d.). MBO, TQM, & ISO � Abbreviations That Take a While. [online] Available at: http://www.teachspace.org/personal/research/management/mbo_tqm_iso.html [Accessed 5 Dec. 2014].