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work for the organization. HRM is the organizational function that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, benefits, employee motivation, communication, administration, & training.
1. Human Focus
2. Management Function
3. Continuous Process
4. Dynamic Nature
5. Mutuality oriented
responsibility
Goal achievement
Personal, functional, organizational, societal
Job Analysis
Collection of job related information for job
Performance Appraisal
related strength & weaknesses Help to assess how well the work is been done
Compensation- rewards like pay, incentive Benefits- health care, family related benefits Minimizing hazardous situation like poor
Employee Relations
Personnel Management People as input in production process. Concern of personnel department. Job design based of division of labor. Organizations interest uppermost. Emphasis on rules/regulations Discipline, control & direction oriented. Reactive actions
Human Resource Management People are valuable resources in organization system. Concern of all level of managers. Job design based on team work. Mutuality of interests of organization and individuals. Emphasis on development and utilization of human potential. System oriented with supportive environment growth, performance. Proactive actions
A) Internal Environment
i. Organizational Goals & Policies
It provides guidelines for decision making to achieve goals.
B) External Environment
i. Political-legal Legislature - Enacts rules, regulations & laws. Executives - Implement rules, regulations & laws. Judiciary - Ensures rules, & laws are effectively followed. ii. Technology
Automation, robotics, computerization change the field of HRM
Globalization
Process of business transactions across borders Organization retaining qualified people can
Technological Advances
Skilled, innovative workforce required
Nature of Work
Specialized workers are in high demand
Workforce Diversity
Working together with diversified people
Legal Trends
Government rules & regulations, union laws
short-term contracts
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