ITFT Human Resource Management Introduction

Human Resource
Management
ITFT College, Chandigarh 14/26/2014
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Management: The Art of Getting Things
Done
Men & Women
Material
PLANNING DIRECTING
GOODS AND
Inputs The Management Functions Objectives
(The Six M’s)
ITFT College, Chandgarh 24/26/2014
Material
Method
Machines
Money
Markets
GOODS AND
SERVICES
DESIRED BY
CUSTOMERS
CONTROLLINGORGANIZING
STAFFING

Human Resource Management
• The policies and practices involved in carrying out the people or human
resource aspects of a management position including recruiting,
screening, training, rewarding and appraising.

Elements of human capital
Intellectual capital Social capital Emotional capital
• Specialization
knowledge
• Network of
relationship
• Self confidence
knowledge relationship
• Skills and
expertise
• Sociability • Ambition and
courage
• Cognitive
complexity
• Trust-worthy • Risk taking Ability
• Learning capacity • Resilience

Functions of Human Resource Management
Operative AdvisoryManagerial
1. Planning
2. Organizing
3. Directing
4. Controlling
1. Employment
2. Training and
Development
3. Remuneration
4. Working Condition
5. Motivation
6. Personal Records
7. Separation
1. Advice to top
management
2. Advice to
departmental
heads

Nature of HRM
• It is pervasive in nature as it is present in all
enterprises.
• Its focus is on results rather than on rules.
• It tries to help employees develop their• It tries to help employees develop their
potential fully.
• It encourages employees to give their best to
the organization.

• It is all about people at work, both as individuals
and groups
• It tries to put people on assigned jobs in order to
produce good results.
• It helps an organization meet its goals in the
future by providing for competent and well-future by providing for competent and well-
motivated employees.
• It tries to build and maintain cordial relations
between people working at various levels in the
organization.
• It is a multidisciplinary activity, utilizing
knowledge and inputs drawn from psychology,
economics, etc.
ITFT College, Chandgarh
74/26/2014

Scope of HRM
• Human resources planning
• Job analysis design
• Recruitment and selection
• Orientation and induction
• Orientation and induction

• Training and development
• Performance appraisal
• Compensation planning and
remuneration
• Motivation, welfare, health
and safetyand safety
• Industrial relations

Role of HR Manager
Welfare role Advisory rolePolicy formulation
Linking pin roleLeadership role
Representative
role
Mediator role Decision making
role

Importance of HRM
• Recruitment and Training
• Performance Appraisal• Performance Appraisal
• Maintaining Work Atmosphere
• Maintaining Disputes
• Developing Public Relations

HRM and Globalization
• Globalization is a process that is drawing people
together from all nations of the world into a
single community linked by the vast network of
communication technologies.
• Global HRM refers to Human Resource
Management practices that deal with managing
a diversity of workforce from all around the
world.

Challenges
• Managing pressures for more labor rights in
third world countries.
• Managing Outsourcing of employees.
• More part-time and temporary work• More part-time and temporary work
• Managing productivity and Quality
• Downsizing the workforce
• Coping with flexible working hours

Managing diversity of
workforce.

Managing Outsourcing of
employees.

More part-time and temporary
work

Managing productivity and
Quality

Downsizing the Workforce

Coping with flexible working
hours

Effect of Globalization on HRM
democratization and pressures
for more labor rights
competition for investment
Introduction of flexibility in the
employment relationship to increase
the capacity of enterprises to adapt
rapidly to market changes.
More emphasis on productivity and
quality
Pushing for a more deregulated and
flexible labor market
Competitiveness increasingly based
knowledge/innovation, skills and
productivity

HR
practices
Staffing
Practice
Training
Practice
Compensat
ion and practices
in India
Practice
Performa
nce
Appraisal
ion and
Benefits

Questions
Q1 What is Human Resource Management?
What is the scope and importance of HRM?
Q2 What is the nature of human resource
management and what is the role of a
human resource manager?human resource manager?
Q3 What are the new trends of HRM due to
globalization?
Q4 What are the various HR practices in India?
Explain.

ITFT Human Resource Management Introduction

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ITFT Human Resource Management Introduction