meaning and definition of HRM significance of HRM functions of HRm

1. HUMAN RESOURCE MANAGEMENT

2.  Introduction to Human resource management
 Meaning and definition of HRM
 Significance of HRM
 Functions of HRM
 conclusion

3.  Human resource is of paramount importance for the success of
any organization. It is a source of strength and aid. Human
resources are the wealth of an organization which can help it
in achieving its goals.
 Human resource management is concerned with the human
beings in an organization. It reflects a new outlook which
views organization‟s manpower as its resources and assets.
 Human resource is the total knowledge,abilities,skills,talents
and aptitude of organization „s workforce.
 So Human resource has become the focus of attention of
every progressive organization

4.  Human resource is a resource like any other
natural resource .
 It means that management can get and use the
skill, knowledge, ability, etc. through the
development of skills, tapping and utilizing
the them again and again.

5.  According to Flippo “Human resource
management is the planning, organizing, directing
and controlling of the procurement, development,
compensation, integration, maintenance and
reproduction of human resources to the end that
individual, organizational and societal objectives
are accomplished.”

6. 1. Objective :- HRM helps a company to achieve its objective from
time to time by creating a positive attitude among workers.
Reducing wastage and making maximum use of resources etc.
2. Facilitates professional growth :- Due to proper HR policies
employees are trained well and this makes them ready for future
promotions. Their talent can be utilized not only in the company in
which they are currently working but also in other companies which
the employees may join in the future.
3. Better relations between union and management :- Healthy HRM
practices can help the organization to maintain co-ordinal
relationship with the unions. Union members start realizing that the
company is also interested in the workers and will not go against
them therefore chances of going on strike are greatly reduced.

7.  4. Helps an individual to work in a team/group :- Effective HR practices teach
individuals team work and adjustment. The individuals are now very comfortable
while working in team thus team work improves.
 5. Identifies person for the future :- Since employees are constantly trained, they are
ready to meet the job requirements. The company is also able to identify potential
employees who can be promoted in the future for the top level jobs. Thus one of the
advantages of HRM is preparing people for the future.
 6. Allocating the jobs to the right person :- If proper recruitment and selection
methods are followed, the company will be able to select the right people for the
right job. When this happens the number of people leaving the job will reduce as
the will be satisfied with their job leading to decrease in labour turnover.
 7. Improves the economy :- Effective HR practices lead to higher profits and better
performance by companies due to this the company achieves a chance to enter into
new business and start new ventured thus industrial development increases and the
economy improves.

8.  Understanding and relating to employees as individuals, thus identifying
individual needs and career goals.
 Developing positive interactions between workers, to ensure collated and
constructive enterprise productivity and development of a uniform
organizational culture.
 Identify areas that suffer lack of knowledge and insufficient training, and
accordingly provide remedial measures in the form of workshops and
seminars.
 Generate a rostrum for all employees to express their goals and provide the
necessary resources to accomplish professional and personal
agendas, essentially in that order.
 Innovate new operating practices to minimize risk and generate an overall
sense of belonging and accountability.

9.  Recruiting the required workforce and making provisions for
expressed and promised payroll and benefits.
 Implementing resource strategies to subsequently create and
sustain competitive advantage.
 Empowerment of the organization, to successfully meet
strategic goals by managing staff effectively.
 The human resource department also maintains an open
demeanor to employee grievances. Employees are free to
approach the human resource team for any conceived query
or any form of on-the-job stress that is bothering them.

10.  Performance of employees is also actively evaluated on a regular basis.
These are checks conducted by the HR to verify and thereby confirm
the validity of the employees actual performance matching the
expected performance.
 Promotions, Transfers or expulsion of services provided by the
employee are some duties that are enforced by the human resource
department. Promotions are conducted and are predominantly based on
the overall performance of the individual, accompanied by the span or
tenure he has served the organization. The Human resource department
also looks at the possibilities of the employee migrating from one job
to another, maintaining the hierarchy in the company and considering
the stability of post and the salary obtained over a period of time.

11. Human resource management plays a very
important role in every organization to
get competitive advantage through
retaining high caliber people in the
organization