3. W is HR ( Human
hat
Resources ) ?
- Human resources is the set of work force
of an organization , business sector or an
economy
- Human resources are the people who
work for the organization
- Other terms some times used include
Manpower , Talent , Labor or simply
4. W is HRM ?
hat
• The process of acquiring , training ,
appraising compensating employees
and fairness concerns
• A management function that helps
managers recruit , select, train and
develop members for an organization
• HRM may be defined as a set of
policies , Practices and programmers
designed to maximize both personal
5. Importance of HR and HRM
- Staff are the largest revenue cost of
any organization.
- Staff are a volatile resource, they can
leave you any time.
- Staff are a store of corporate
knowledge and the means of service
delivery.
- Retaining and developing good staff
allows you to use skills and develop as a
business.
- In the industry customer care critical
6. Importance of HR and HRM
Human Resources Management (HRM) is
the strategic management of the employees,
who individually and collectively contribute
to the achievement of the strategic
objectives of the organization. Assuming
that the employees of an organization are
individuals with own mental maps and
perceptions,
own
goals
and
own
personalities and as such they cannot be
perceived as a whole, HRM holds that the
organization should be able to employ both
individual and group psychology in order to
10. Human Resource Management
Human Resource
Functions
Development
- Training
- Development
- Career Planning
- Career Development
- Organizational Development
- Performance Management
- Performance Appraisal
11. Human Resource Management
Functions
Safety and Health
Employees who
work
in
safe
environment
and
enjoy good health are
more likely to be
productive and yield
long-term benefits to
organization.
-
12. Technological and Managerial Changes
within Organizations
- Computerized information systems are now being
used to maintain easily accessible employee data
that are valuable in job placement and labor
utilization
- Also being used in employee training,
succession
planning,
and
compensation
management, and to track and report affirmative
action activity
- many organizations have implemented Web based
13. Impact of HRM on performance
organizational
1) Reducing unnecessary overtime expenses by
increasing productivity during a normal day
2) Staying on top of absenteeism and instituting
programs designed to reduce money spent for
time not worked
3) Eliminating wasted time by employees with
sound job design
4) Installing and monitoring effective safety and
health programs to reduce lost-time accidents
and keep medical and workers’ compensation
14. Conclusi
ons
Summery and conclusion
Human Resource Management has changed
dramatically in last two decades, with Personnel
Economics now a major field in labor economics.
The mark of this work is to use standard economic
tools applied to the special circumstances of
managing labor within companies.
HRM is viewed as a means of moving people
along to achieve organizational goals through
staffing, performance, change management and
administrative objectives.
Understanding the HR context in relation to the
