HUMAN RESOURCE MANAGEMENT Management of an organization’s employees.
STEPS OF HRM RECRUITMENT SELECTION PLACEMENT DEPLOYMENT RETANTION PROMOTION SU P E R ANN U A TION
R E CRUITMENT Right people for the right job are procured. SOURCES OF RECRUITMENT INTERNAL SOURCES Transfers P r omot i ons Upgrading Demotion Dependents of deceased EXTERNAL SOURCES Press advertisements Placement agencies Notice boards
SEL E C TION Choosing the most suitable person out of all the applicants. Selection test Application blank form Medical examination Employment interview Reference checks Final approval Preliminary interview
SEL E C TION INTERVIEW- verbal interaction between individuals for a particular purpose. TYPES OF INTERVIEW- Informal interview Formal interview Structured interview Depth interview Group interview Panel interview
SELECTION STEPS OF INTERVIEW- Preparation or the interview Conducting the interview Closing the interview Evaluation of results
SELECTION APPOINTMENT CONFIRMED APPOINTMENT Appointed for confined position for 12 months on provision. Confirmation is considered at the end of this time. TERM APPOINTMENT Appointment is offered for fixed time & termination date is fixed.
PL A CEMENT Process of assigning a specific job to the selected candidates. Assignment of specific rank & responssibility.
DEPLOYMENT Use of manpower in a effective way.
RETENTION Possession of employees by the employer. Communicate vision Show value Share passion Be honest Promise learning Take questions How to r e t ain
P R OM O TION Reassignment of individual to a job of higher rank. Or Advancement involving change in job that is better in terms of status & responsibility .
P R OM O TION TYPES OF PROMOTION DRY PROMOTION Compensation is adjusted to keep pace with cost of living. UP OR OUT Either earn a promotion or seek employment. BASIS OF P R OM O TION Seniority Merit
SUPERANN U A TION Pension given to employees after retirement. Or Includes all the benefits, arrears, compensations & financial settlements.
SUPERANN U A TION Types of superannuation plans- ACCUMULATION FUND How much is accumulated over working life. Investment earnings- expenses. DEFINED BENEFIT FUND Defined by a set formula considering length of service & age of retirement.
SUPERANN U A TION TYPES OF PENSIONS DI S ABI L I T Y PENSION EMP L O YMENT BASED PENSION SOCIAL & STATE PENSION