importance of hrm

IMPORTANCE OF HRM

MEANING OF HRM

BASICALLY, HUMAN RESOURCE MANAGEMENT IS THE MANAGEMENT OF THE EMPLOYEES OF AN ORGANIZATION. SIMPLY SPEAKING, IT IS PUTTING RIGHT PEOPLE TO THE RIGHT TASK THEREBY MAKING MAXIMUM USE OF THE

EMPLOYEES' TALENT AND ABILITIES.  IT DEALS WITH  -:

HUMAN RESOURCE MANAGEMENT

IMPORTANCE OF HUMAN RESOURCE MANAGEMENT

RECRUITMENT AND SELECTION

TRAINING

PERFORMANCE APPRAISAL

TRADE UNIONS

DEVELOPMENT

RECRUITMENT

RECRUITMENT

The process by which a job vacancy is identified and potential employees are notified. MAIN FORMS OF RECRUITMENT THROUGH ADVERTISING IN NEWSPAPERS, MAGAZINES, TRADE PAPERS AND INTERNAL VACANCY LISTS.

SELECTION

SELECTION

The process of assessing candidates and appointing a post holder. Applicants are short listed and the only most suitable candidates are get selected.

TRAINING

TRAINING

PROVIDES NEW SKILLS FOR THE EMPLOYEE

KEEPS THE EMPLOYEE UP TO DATE WITH CHANGES IN THE FIELD

AIMS TO IMPROVE EFFICIENCY

PERFORMANCE APPRAISAL(REWARD)

PERFORMANCE APPRAISAL(REWARD)

THE SYSTEM OF PAY AND BENEFITS USED BY THE FIRM TO REWARD WORKERS. HRM ENCOURAGES THE PEOPLE WORKING IN AN ORGANISATION, TO WORK ACCORDING TO THEIR POTENTIAL AND GIVES THEM SUGGESTIONS THAT CAN HELP THEM TO BRING ABOUT IMPROVEMENT IN IT.

TRADE UNIONS

TRADE UNIONS

CONTRIBUTES TO SMOOTH CHANGE MANAGEMENT AND LEADERSHIP. TRADE UNIONS ARE FORMED TO PROTECT AND PROMOTE THE INTERESTS OF THEIR MEMBERS. THEIR PRIMARY FUNCTION IS TO PROTECT THE INTERESTS OF WORKERS AGAINST DISCRIMINATION AND UNFAIR LABOR PRACTICES .

DEVELOPMENT

DEVELOPMENT

DEVELOPING THE EMPLOYEE CAN BE REGARDED AS INVESINING A VALUABLE ASSET. IT IS A SOURCE OF MOTIVATION. HRD IS THE INTEGRATED USE OF-:

TRAINING AND DEVELOPMENT,

ORGANISATIONAL DEVELOPMENT, AND

CAREER DEVELOPMENT TO IMPROVE INDIVIDUAL, GROUP AND ORGANISATIONAL EFFECTIVENESS".

OTHER REASONS WHY THE HUMAN RESOURCES DEPARTMENT IS IMPORTANT

COST SAVINGS

EMPLOYEE SATISFACTION

BUDGET CONTROL

QUALITY OF WORK LIFE

PROTECTION

HRM STAKEHOLDERS

SOCIETY

ORGANIZATION/OWNERS

EMPLOYEE

IMPORTANCE

HRM IS ALSO IMPORTANT BECAUSE IT INCLUDES EMPLOYMENT ISSUES LIKE:

DISCRIMINATION ,

EQUAL EMPLOYMENT OPPORTUNITY

HARASSMENT

AFFIRMATIVE ACTION

DIVERSITY MANAGEMENT

OCCUPATIONAL HEALTH AND SAFETY

INDUSTRIAL RELATIONS

CONCLUSIONS

• HRM is at a strategic level• Managers can formulate HR functions in a way that

facilitate business strategies• It is a matter of fit between the HR choices and

business strategies.