Human Resource

Management
 Definition
“Human Resource Management is a series of
integrated decisions that firms the employment
relationship; their quality contributes to the ability
of the organization and the employees to get
their objectives.”

It is that part of the management which is related

with the human resources of an enterprise. It
includes planning, organization, directing and
controlling of the performance of the employees
and workers in the organization.
 Features of HRM
Part of general management
Development of human resource
Use of principles of general management
It deals with labor union also
Departmental responsibility
 Objective
The objective of Human Resource Management
is to recruit, develop and to retains the
employees in the organization
To establish harmonious relations between
labour and capital
Development of employee
To increase the welfare of human resource
To arrange the effective communication with
employee
To provide the best working conditions and
motivation to employee.
 Role of HRM
HRM play a important role in the following
Recruitment, selection and job determination for
the employees
To adjust suitable wages system
Education and training employee
Job analysis, Job description and job evaluation
Labour welfare activity
Personnel accounts
Public relations
Personnel planning and evaluations
 Changing Role of HRM
In future HRM will play significant role in following areas.
Human Capital
Intellectual Capital: it consist of the specialized
knowledge, traits and skill the member possess.
Social Capital: it refers to the quality, structure and
network of relationship in and outside the organization.
Emotional Capital: it refers to self-confidence,
courage and resilience to convert the knowledge into
action
 Cont….

Emotional Quotient: it refers to one’s ability to

acquire and apply knowledge.
Mentoring: it is a process whereby a superior
acts as a friend, philosopher and guide to a new
employee, easing the latter through the rites of
passage from his business school to the
practical organizational life.
Employee stock option plan (ESOP)
Total Quality Management (TQM):
Business Process Reengineering (BPR):