ppt-Concepts, Importance and functions of HRM.pptx

Human Resource Management (HRM): A Comprehensive Overview
Human Resource Management (HRM) is a multifaceted and dynamic field that plays a crucial role in organizations across the globe. It encompasses a wide range of activities, policies, and practices that are essential for managing people within an organization. This comprehensive description explores the key concepts, functions, and importance of HRM, offering insights into its strategic role in business success.

1. Definition and Scope of HRM
HRM is the process of recruiting, hiring, deploying, and managing an organization's employees. It involves a variety of functions aimed at enhancing the productivity and satisfaction of employees while ensuring the organization achieves its strategic goals. The scope of HRM includes:

Recruitment and Selection: Identifying staffing needs, attracting qualified candidates, and selecting the best individuals for the job.
Training and Development: Providing employees with the necessary skills and knowledge to perform their duties effectively and to develop their careers.
Performance Management: Assessing and improving employee performance through feedback, appraisals, and development plans.
Compensation and Benefits: Designing and administering pay structures and benefit programs to attract, motivate, and retain employees.
Employee Relations: Managing the relationship between the organization and its employees, including handling grievances and fostering a positive work environment.
Compliance and Legal Issues: Ensuring that the organization complies with labor laws and regulations.
Health and Safety: Promoting a safe and healthy workplace for employees.
HR Planning: Strategically planning for future workforce needs based on organizational goals.
2. Strategic HRM
Strategic Human Resource Management (SHRM) involves aligning HRM strategies with the overall business strategy to achieve competitive advantage. It focuses on long-term workforce planning and addresses issues such as talent management, organizational culture, and employee engagement. Key components of SHRM include:

Talent Management: Attracting, developing, and retaining high-performing employees.
Leadership Development: Preparing individuals for leadership roles through training, mentoring, and succession planning.
Organizational Culture: Fostering a culture that supports the organization's mission, values, and goals.
Employee Engagement: Enhancing employees' emotional commitment to the organization and its objectives.
Change Management: Managing organizational change effectively to minimize disruption and ensure a smooth transition.
3. Recruitment and Selection
The recruitment and selection process is fundamental to HRM, as hiring the right people is critical to an organization's success. This process involves several stages:

Job Analysis: Determining the duties and responsibilities of a position and the qualifications needed.
Sourcing Candidates: Using various methods to attract employee sour

1. Human Resource Management Dr. Khushboo Sandhu Assistant Professor SAGE University, Bhopal

2. Topics to be covered: Meaning & Definition Importance of HRM - Corporate Level - Professional Level - Social Level - National level Functions of HRM: - Acquisition Function - Development Function - Motivation Function - Maintenance Function

3. Who are Human Resources? An organization’s greatest assets All other resources get connected through Men So they must be: - Properly Selected - Properly Trained - Properly Motivated

4. Definition: “HRM is that field of management which deals with Planning,Organising and Controlling the function of procuring,developing,maintaining and utilising a labour force such than organizational and individual goals are fulfilled”. HRM is the function of facilitating the most effective use of people to achieve both organisational and individual goals”.

5. Importance of HRM: The importance of HRM can be discussed at four levels:- Corporate level:- HRM can help an enterprise in the following ways- - Attractive talent through effective HRP. - Develop necessary skills with training - Secure cooperation through Motivation - Retain Talent through right policies

6. 2. Professional level :- HRM helps to improve the quality of work life. - Opportunities for personal Development - Motivating work environment - Proper allocation of work - Healthy relationship between individual and groups

7. 3 . Social level : A good HRM also be benefited to society. - Development of Human Capital - Generation of Income - Better lifestyles 4. National Level: - Drivers of development of country - Contributing to economic growth

8. Functions of HRM Acquisition Function : - Job Analysis - Human Resource Planning - Recruitment - Selection 2. Development function: Employee training Management development Career development

9. contd… 3 . Motivation Function : Understanding Needs Designing Motivators Monitoring 4. Maintenance Function:- Satisfaction levels Retention levels