4. What is HRM ?
Let us understand it by dividing the term into its sub
parts.
HUMAN :- PEOPLE
RESOURCE :- ASSETS FOR ORGANIZATIONS
MANAGEMENT :- CO- ORDINATION AND
CONTROL TO ACHIEVE SET GOALS.
5. HRM DEFINITION
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.
RIGHT PERSON RIGHT PLACE ON RIGHT
TIME .
7. IMPORTANCE OF HRM
HRM helps an Organisation and
its people to realise their
respective goals in various
ways. It is categorised in the
following levels:
•
•
•
•
At the Enterprise level
At the Individual level
At the Society level
At the National level
8. At the Enterprise level
Attracting and retaining the best people in the
Organisation
Train peoples for challenging roles
Developing the right attitudes towards the job and
the Company
Promoting team spirit among employees
Developing loyality and commitment through
appropriate reward schemes.
Increase productivity and profits
9. At the Individual level
It promotes teamwork and team spirit among
employees
It offers excellent growth opportunities to people
who have the potential to rise
It allows people to work with diligence and
commitment
Develop skills
Job Satisfaction
10. At the Society level
Employment opportunities
Enhance standard of living
Scarce talents are put to best use.
11. At the National level
Effective use of human resources helps in exploitation of
natural, physical and financial resources.
People with right skills and proper attitudes help the
nation to get ahead.
Compete with the best in the world leading to better
standard of living and better employment
Industrial development.
GDP growth
12.
13. INTERNAL SOURCES OF
RECRUITMENT
TRANSFER
PROMOTION
DEPARTMENTAL EXAM
RETIREMENT
INTERNAL ADVERTISEMENT
EMPLOYEE RECOMMENDATION