Mastering Vendor Selection and Partnership Management
Importance of hrm
1.
2. Importance of human resources can be
discussed at four levels:
Corporate
Professional
Social
National
3. HRM can help an enterprise in the following
ways:
Attracting talent through effective HRP
Developing necessary skills & attitude with
training
Securing cooperation through motivation
Retaining talent through the right policies
Ensuring a team of competent & dedicated
employees
4. HRM helps improve quality of work life and
contributes to growth in the following ways:
Opportunities for personal development
Motivating work environment
Proper allocation of work
Healthy relationships between individuals &
groups
Promoting team-work & team spirit
Encourage to work with deligence & commitment
5. Society benefits from good HRM in many
ways:
Good employment opportunities
Development of human capital
Generation of income & consumption
Better lifestyles
Lead to productivity gain to society
Enables managers to reduce cost & save scarce
resources
6. Drivers of development of a country
Deliver economic growth
8. Job Design / Job Analysis
Human Resource Planning
Recruitment & Selection
Training & Development
Performance Appraisal
Compensation / Benefits
Personnel Information Systems
Employee Motivation / Assistance
9. HRM is the process of effectively employing
people in an organisation
HRD is the process of training & development
of employees to make them effective
HRD is an important subset of HRM
10. HRM only a ‘support function’!
Training programs only a ‘cost’!
Not an ‘as & when needed’ function!
Not specifically qualified / trained people!
Inadequate information systems / records!
Misunderstood as HRD!
11. Globalisation (More productivity)
Technological Trends (New skill set)
Increasing Service Sector (Customer
Interface)
Working Trends (9 to 9!)
Demographic Trends (Young India!)
12. Individuals differ from one
another
Customization of stimulation
and motivation
Demanding personnel
13. Value of Human Resource
Competitive advantage
Human Resource
Accounting – It is
measurement of the cost
and value of people for an
organization
14. Worker productivity
Quality improvement
The changing attitudes of workforce
The impact of the government
Quality of work-life
Technology and Training