H R M Notes
Human Resource Management
What makes Human Resource Management different? Different sub-streams of Human Resource Management
Human resources management originally began as HRM, but today it encompasses many well defined sub-streams of functions that can be listed as under:
(1) Workforce planning
(2) Recruitment
(3) Orientation & skills management
(4) Personnel administration & compensation
(5) Time management
(6) Employee benefits administration & personnel cost planning
(7) Performance appraisal
Each of these sub-streams is a more or less specialized function, yet one can say that HRM itself is more than all of these put together.
The greatest challenge of Human Resource Management.?? Evolution of Human Resource Management
Success of Henry Ford and his Ford Motors in early twentieth century gave rise to the term 'Fordism' consisting of the theory that high corporate profitability can be achieved by high wages to the employees. Even before Ford, Fredrick Winslow Taylor had propagated the 'scientific management theory' or 'Taylorism'. Characteristic of Human Resource Management
HRM relates to managing people at work.
HRM is concerned with employees, both as individuals as well as a group.
HRM is concerned with helping the employees to learn and develop their potentialities to the highest level for their benefits as well as for the benefits of their Organisation.
HRM is inherent in all organisations as all organisations (including industrial and commercial) need manpower for the conduct of their activities.
HRM is a continuous activity/function in an Organisation as personnel problems continue to exist as long as employees are working in an Organisation.
HRM aims as securing willing co-operation of employees for achieving organizational objectives. Functions HR Management are :-
Procurement of manpower :
Training and Development of manpower:
Compensation payment and reward to manpower employed :
Integration
What makes Human Resource Management different? Different sub-streams of Human Resource Management
Human resources management originally began as HRM, but today it encompasses many well defined sub-streams of functions that can be listed as under:
(1) Workforce planning
(2) Recruitment
(3) Orientation & skills management
(4) Personnel administration & compensation
(5) Time management
(6) Employee benefits administration & personnel cost planning
(7) Performance appraisal
Each of these sub-streams is a more or less specialized function, yet one can say that HRM itself is more than all of these put together.
The greatest challenge of Human Resource Management.?? Evolution of Human Resource Management
Success of Henry Ford and his Ford Motors in early twentieth century gave rise to the term 'Fordism' consisting of the theory that high corporate profitability can be achieved by high wages to the employees. Even before Ford, Fredrick Winslow Taylor had propagated the 'scientific management theory' or 'Taylorism'. Characteristic of Human Resource Management
HRM relates to managing people at work.
HRM is concerned with employees, both as individuals as well as a group.
HRM is concerned with helping the employees to learn and develop their potentialities to the highest level for their benefits as well as for the benefits of their Organisation.
HRM is inherent in all organisations as all organisations (including industrial and commercial) need manpower for the conduct of their activities.
HRM is a continuous activity/function in an Organisation as personnel problems continue to exist as long as employees are working in an Organisation.
HRM aims as securing willing co-operation of employees for achieving organizational objectives. Functions HR Management are :-
Procurement of manpower :
Training and Development of manpower:
Compensation payment and reward to manpower employed :
Integration