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 & WomenMaterial

PLANNING DIRECTING

GOODS AND

Inputs The Management Functions Objectives(The Six M’s)

ITFT College, Chandgarh 24/26/2014

MaterialMethod

MachinesMoney

Markets

GOODS AND SERVICES

DESIRED BY CUSTOMERS

CONTROLLINGORGANIZING

STAFFING



Human Resource Management

• The policies and practices involved in carrying out the people or humanresource 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. Planning2. Organizing3. Directing4. Controlling

1. Employment2. Training and

Development3. Remuneration4. Working Condition5. Motivation6. Personal Records7. Separation

1. Advice to top management

2. Advice to departmental heads



Nature of HRM

• It is pervasive in nature as it is present in allenterprises.

• 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 individualsand groups

• It tries to put people on assigned jobs in order toproduce good results.

• It helps an organization meet its goals in thefuture by providing for competent and well-future by providing for competent and well-motivated employees.

• It tries to build and maintain cordial relationsbetween people working at various levels in theorganization.

• It is a multidisciplinary activity, utilizingknowledge and inputs drawn from psychology,economics, etc.

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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 roleMediator 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 asingle community linked by the vast network ofcommunication technologies.

• Global HRM refers to Human ResourceManagement practices that deal with managinga diversity of workforce from all around theworld.




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

Compensation and practices

in India Practice

Performance

Appraisal

ion and Benefits



QuestionsQ1 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 ahuman resource manager?human resource manager?

Q3 What are the new trends of HRM due toglobalization?

Q4 What are the various HR practices in India?Explain.







Education

ITFT Human Resource Management Introduction