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DEFINITION OF HUMAN RESOURCE MANAGEMENT:

HRM means employing people, developing their resources, utilizing,


maintaining and compensating their services in tune with the job and organization
requirements.

HRM OBJECTIVES:
1.To achieve the objectives
2.to reduce the costs and effectively functioning of the organization.
3.to create a competitive advantage.
4.to training the employees and to reduce wastage of resources.
5.to focus on efficiency.

CHARACTERISTICS OF HRM:
1.it is concerned with individuals teams and groups for achieving goals.
2.to development of HR
3.it covers all levels of management.
4.it is continuous process.
5.HRM is a responsibility of all line and staff managers.
6.HRM integrates with other department activities.

DIFFERENCE BETWEEN PERSSONEL MANAGEMENT AND HRM


PERSONNEL MANAGER:
Personnel management deals with the attitude, skills,
knowledge, job competency.
HUMAN RESOURCE MANAGER:
HRM is economic, physiologicals, psychological, social and
spiritual beings.
NATURE OF HRM:
It is a complex process to challenging task manage the human resources in
an organization and difficult to compound with other resources.

SIGNIFICANCE OF HRM:
1. It plays a crucial role in the country economic growth and more
significant in efficiency and committed manpower.
2. Human resources can convert traditional economics to modern
economies.

HRM IS A SYSTEM:
It is a system and consists of other sub systems in an organization.

HRM FUNCTIONS:
1.MANAGERIAL FUNCTION
2.OPERATIONAL FUNCTIONS:
Job analysis, job trotation, job description job specification,
performance appraisal.

HRM STRATEGIES IN FUNCTIONAL LEVEL.


The strategic team considered the corporate level, SBU level, functional level
while formulating and implementing.
1.Emplyement
The sourcing of employees based on requirements of the company
organization
2.Training and development:
The employees can be trained on the basis of on the job training and off the
job training.
3.Performance appraisal:
After placement in an organization. The organization has to evaluate the
performance of an employee regularly`
4.Compensation:
To pay fair compensation to the employee.
5.Industrial relation:
The management has to maintained the good relationships with the employees.
6.Organisational culture:
Have a good organization culture in globalization business.
7.Work system:
To avoid complex in working system. To simplified the process.

BUSINNESS LEVEL HRM STRATEGIES:


1. Low cost leadership
2. Diffferntiation
3. Focus
The main benefits like to development of HR
1. Best product
2. Best services
3. Best price
4. To reduce the costs
5. Create an competitive advantages of the companies
*the resources must be of a value.
*the resource must be rare.
*the resources must be difficult to imitate.
*the resources must be organized

HRM STRATEGIES IN CORPORATE LEVEL:


1.Stability
Employee motivation, empowerment, training, job rotation, job enrichment
etc….
2.Internal growth:
Training and development of employees or out sourcing.
3.Concentration:
Focus on development of employee and through training. Out sourced the
specific skills, knowledge and creativity.
4.Merger:
The company has to merging with other companies for to utilization of man
power.
5.Join venture:
The company has to tie up with another company for the development of
employees.
6.Horizontal integration:
To develop the employees towards the new roles and responsibility.
7.Conglomurate diversification:
To develop the employees in diversified areas of business for the
profitability in the business
8.Retrench strategies:
The organization turnaround, transformation employee empowerment,
employee productivity, training and development.

BUSINNESS ENVIRONMENT HRM:


The study of business environment helps the managers to formulate the
corporate level strategies in an organization.
The internal and external environment are affecting the business directly or
indirectly. The management has to adopt and control the factors in the business.
INTERNAL----Policy, structure, goals, department, functions trade union,
management leadership style.

EXTERNAL:
1.MICRO LEVEL:
Customer, supplier, share holder, employees channel member, creditors
and other stake holders.
2.MACRO LEVEL
PEST and cultural factors etc..,
The above factor influence the HRM activities.
The companies like MNC and TNC companies are successfully using the HRM
practices. To compete with competitors in the market.

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