What is Human Resources management (HRM)

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Basics of Human Resources Management (HRM)

 

All organizations are having basic component of Human resources management  (HRM), which deals with recruitment of best talent executives and trains them as per the needs of the competitive environment so that organization can grow in the corporate world.

 

Human resources managers and executive who are part of hr team, makes human resources (HR) strategies for their organizations, which covers selection of best talent, train and retain them. HR department coordinates with all departments of the organization with strong communication and thus builds a strong team.

 

The need of HRM is to make better industrial relations and thus create better understanding between workers and management. It further improves quality of work and bring operational efficiency of employees. 

 

Basic subsystem of HRM are:-

 

1.   Recruitment and selection

2.   Training and development

3.    Compensation

4.   Employee welfare and services

 

Major challenges in HRM :-

 

1.   1. Globalization:-

 

Globalization opens borders of countries and thus open avenues for new market, new production units and new teams.  Every company tries to be global players.

 

2.   2.Technological changes:-

 

With change in technology, executives need latest technology and here HRM plays an important role in up gradation of skills of executives.

 

3.   3. Political social and Legal factors:-

 

Different countries have different legal environment to work as a business organization. Therefore HRM must promote adoption of strategies which should be in harmony with legal and constitutional provisions. The work should be done in a socially responsible manner.

 

4.   4. Work force diversity:- 

H   HRM needs policies and strategies that should focus on people with different education, age  and culture. Most of the international organization are focusing on gender sensitiveness.


Function of Personnel management:-

Two major functions are:-

1.   Managerial functions:-

 

a.   Planning    : Estimation about manpower requirements.

b.   Organizing : Allocation of tasks among its members.

c.   Directing    : Defining the function and assigning job.

d.   Coordinating: Means taking the objective of organization together through different departments.

e.   Controlling: It is checking whether things are moving as per defined objective.

 

 

2.   2.Operative Functions:-

 

1.   Procurement: procuring the appropriate number of persons for carrying out objective of organization.

2.   Development: increasing the skill and proficiency of work.

3.   Compensation: adequate and equitable remuneration

4.   Integration: Infusing a sense of belongingness to the enterprise.

5.   Maintenance: Better working conditions and health maintenance.

 

Components of Human resources development:-

1.   Performance appraisal

2.   Training and development

3.   Building morale and motivation among the employees.

4.   Developing emotional intelligence

5.   Bringing Job satisfaction in job

 

 

 

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