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Concept of HRM
Human Resource Management is basically a procedure of developing potentialities & competencies of employees so that they get maximum satisfaction out of their work & give their best efforts towards organizational objectives. Give the best to the World you have, the best of the word comes to you.
Scope of HRM
Manpower Aspects
Recruitment, Selection, placement training, appraisal, compensation, productivity etc.
Welfare Aspects
Working condition, amentias, facilities & benefits.
Cont..
Functional Objectives - Placement - Transfer & Promotion - Potential Appraisal - Performance Appraisal Personal Objectives - Training & Development - Potential Appraisal - Performance Appraisal - compensation - Assessment
Functions of HRM
Managerial Function Operative Function - Planning - Organizing - Directing - Controlling > Acquisition Functions > Development Functions > Motivational Functions > Maintenance Functions > Integration Function > Refining Function - at top level - at the level of Dept. Head
Advisory Functions
Significance of HR planning
1. 2. 3. 4. 5. 6. 7. 8. 9. Future Human Resource Requirement Existence in highly Competitive world. Vibing well with the change Pool of talented Human Resource Curtailment of Cost International Business Strategies Expansion or contraction Base for all HRM Functions Designing Training & Development Programs
Cont..
At the Organizational or micro level, HRP is influenced by - Technological changes - Organizational restructuring - Skill and competencies gap - Strategic objectives - Trade union pressure - Lead time for manpower procurements
Rate of growth in human resources, in turn, is determined by the two dimensions of human resources: Quantity and Quality
Quantity of Human Resource is determine by variable such as Population policy Population structure
Sex Composition Age Composition
Equality of opportunity
Factors Affecting demand for & Supply of labour on a Typical Labour Market
On the Demand Side On the Supply Side
National & Sectoral Development goals, monetary policy Technology options Consumer demand patterns and composition of produced goods and services Public and private saving and investment trends and patterns. Labour law regarding worker; safty, rewards, security training Tax structure, tax administration and investment incentive package Labour productivity: output per unit of manhour
Population growth and flow births, deaths, migration, are structure Education and training Environment, social and Cultural factors
Social Demands functions : Status in Society and meeting of basic needs Wage levels
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