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MBA 2019-2021
MCOB
ASSIGNMENT ON
“IMPORTANCE OF HRM – HRM
PROCESS”
SUBMITTED BY,
GROUP 5
SUBMITTED TO,
K H MUNEER Sir
SL.NO
TITLE PAGE NO
1 INTRODUCTION 1
CONCLUSION 9
5
6 BIBLIOGRAPHY 10
INTRODUCTION
Human Resource Management is the process of recruiting, selecting, inducting
employees, providing orientation, imparting training and development, appraising
the performance of employees, deciding compensation and providing benefits,
motivating employees, maintaining proper relations with employees and their trade
unions, ensuring employees safety, welfare and healthy measures in compliance
with labour laws of the land.
Human Resource Management involves management functions like planning,
organizing, directing and controlling
1. Objective :-
HRM helps a company to achieve its objective from time to time by creating a
positive attitude among workers. Reducing wastage and making maximum use of
resources etc.
Due to proper HR policies employees are trained well and this makes them ready
for future promotions. Their talent can be utilized not only in the company in
which they are currently working but also in other companies which the employees
may join in the future.
Since employees are constantly trained, they are ready to meet the job
requirements. The company is also able to identify potential employees who can be
promoted in the future for the top level jobs. Thus one of the advantages of HRM
is preparing people for the future.
If proper recruitment and selection methods are followed, the company will be able
to select the right people for the right job. When this happens the number of people
leaving the job will reduce as the will be satisfied with their job leading to decrease
in labor turnover.
With respect to the human resource department, planning involves determining the
personnel programs that can contribute to achieving the organization’s goals.These
programs include anticipating the hiring needs of the organization, planning job
requirements, descriptions, and determining the sources of recruitment.
ORGANIZING
After the human resource manager establishes the objectives and develops plans and
programs to achieve them, he needs to design and develop the organization’s
structure to carry out the different operations. Developing the organization’s structure
includes:
The HRM can motivate the employees through career planning and
salary administration by boosting the employee’s morale, developing relationships,
providing safety requirements, and looking after the welfare of employees.
In order to do this effectively, the HRM must identify the needs of the employees and
the means and methods to satisfy them. Motivation is a continuous process as
employees have new needs and expectations when the old ones are satisfied.
CONTROLLING
Controlling is all about regulating activities in accordance with the plans formulated
based on the objectives of the organization. This is the fourth function of the HRM
and completes the cycle. In this, the manager observes and subsequently compares
the results with the set standards.
The efficient designing of these processes apart from other things depends upon
the degree of correspondence of each of these. This means that each process is
subservient to other. You start from Human resource Planning and there is a
continual value addition at each step. To exemplify, the PMS (performance
Management System) of an organization like Infosys would different from an
organization like Walmart. Lets study each process separately.
The process involves deciding upon salaries and wages, Incentives, Fringe
Benefits and Perquisites etc. Money is the prime motivator in any job and
therefore the importance of this process. Performing employees seek raises,
better salaries and bonuses.
PERFORMANCE MANAGEMENT:
It is meant to help the organization train, motivate and reward workers. It is also
meant to ensure that the organizational goals are met with efficiency. The
process not only includes the employees but can also be for a department,
product, service or customer process; all towards enhancing or adding value to
them.
EMPLOYEE RELATIONS:
All processes are integral to the survival and success of HR strategies and no
single process can work in isolation; there has to be a high level of conformity
and cohesiveness between the same.
CONCLUSION
HRM is aprocess take place in a business organization to controll and co-
ordinate the employees in the organisation.Its function is not only controlling
and co-ordinating it will manage everything to run the organization smoothly
and in a favourable condition to both employees and the organization.HRM is a
seperate department but it has a indirect relationship with all emplotees inthe
organisation within diferent organosation.S
BIBLIOGRAPHY
www.mindmeister.com
www.economicsdiscussion.net
www.griffith.ie