The objective of this slide presentation is to highlight the importance of Human Resource Management and its function in an organization. The meaning of human resource management, the role it plays, challenges being faced by the HR /managers in dealing with various obstacles and also how HRM is concerned with the most effective use of people to achieve organizational and individual goals.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
This Slideshare is the sole Property of the Welingkar School of Distance Learning – Reproduction of this material , without prior consent, either wholly or partially will be treated as a violation of copyright.
Regression analysis: Simple Linear Regression Multiple Linear Regression
Human Resource Management
1. Chapter 1
Human Resource Management
Objectives:
• Understand Human Resources Management
functions in any organization
• Understanding the meaning of HRM, role it plays
and challenges faced by HR in dealing with people
in organizations.
• Understand how HRM is concerned with the most
effective use of people to achieve individual and
organizational goals.
• Understand the scope of HRM
2. Chapter 1
Human Resource Management
Structure:
1.1 Introduction
1.2 The challenge
1.3 Meaning
1.4 Scope of HRM
1.5 Summary
3. Chapter 1
Human Resource Management
1.1 Introduction
• One of the important duties of a modern
manager is to work with people and
produce results.
• He must understand how people behave,
motivate them and bring about harmony
and team work to produce results.
• In short, people form the focal point of
organizations.
4. Chapter 1
Human Resource Management
When dealing with people, managers face the following
challenges:
• Human beings are heterogeneous. Each one is unique, in
terms of personality, emotions, values, etc.
• Human behavior is quite unpredictable and complex.
• Modern workforce being more educated, have better skills
and enjoy higher standard of living and hence have higher
expectations of life situations.
The celebrated management guru Peter Drucker
remarked, “man, of all the resources available to man, can
grow and develop”
There is a need to create the right climate for motivation.
5. Chapter 1
Human Resource Management
1.2 The Challenge of Human Resource Management
• The most important resource of an organization is people.
• For an organization to be successful, it needs the right people to run it
and produce results.
• Just as organizations need people, people also need organizations to
earn their living.
• Each individual works for a purpose, which need not always be
economic. Individual Goals.
• The purpose drives creates the motivation to work.
• Understanding the motivation is crucial to the organization to achieve
its Organizational Goals.
• The meeting point of Individual Goals and Organizational Goals usually
brings about certain obstacles in working.
• Addressing these obstacles is a major challenge, among others in
dealing with people.
6. Chapter 1
Human Resource Management
1.3 Meaning
• Human Resources Management (HRM) is a
process of bringing people and organizations
together so that the goals aof each are met.
• It may be defined as the art of recruiting,
developing, retaining competent human resources
to achieve goals.
• HRM is concerned with the most effective use of
people to achieve organizational and individual
goals in the best possible manner.
7. Chapter 1
Human Resource Management
HRM has the following features:
• It is pervasive. Present all around.
• Action oriented.
• Individual oriented
• People oriented
• Development oriented
• Integrating mechanism
• Comprehensive function. Efficiencies at all levels.
• Auxiliary function. Supports line and operating functions.
• Interdisciplinary function.
• Continuous function
8. Chapter 1
Human Resource Management
1.4 Scope of HRM
The scope or coverage of HRM is wide and
diverse. The Indian Institute of Personnel
Management (IIPM) has defined the scope as
follows:
• Personnel aspect- concerned with functions
ranging from manpower planning to separation.
• Welfare aspect – dealing with working conditions
and amenities.
• Industrial Relations aspect – covers labor-
management relations.
9. Chapter 1
Human Resource Management
1.5 Summary
This chapter has dealt with:
• Role of managers in getting effective work done
through people.
• Managing human assets.
• Challenges in bringing people and organization
together to achieve each other’s goals.
• Features of HRM.
• Enormous scope of HRM.