Meaning of Human Resource Management HRM
HRM agency to Select, Develop, Motivate together with Maintain human resources, inwards the organisation. It offset selects the correct human resources or staff (i.e. managers together with employees). It trains together with develops them. It motivates them past times giving them recognition together with rewards. It too provides them amongst the best working conditions.
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HRM is guide concerned amongst the "people" of the organisation. It is people oriented process. That is, it manages people at work.
Features of Human Resource Management HRM
Following is the nature or features of Human Resource Management HRM :-
1. HRM every bit a Process
HRM is a physical care for of iv functions :-
- Acquisition of human resources : This component subdivision includes Human Resource Planning, Recruitment, Selection, Placement together with Induction of staff.
- Development of human resources : This component subdivision includes Training together with Development together with Career development. The knowledge, skills, attitudes together with social behavious of the staff are developed.
- Motivation of human resources : This component subdivision includes giving recognition together with rewards to the staff. it too includes Performance Appraisal together with treatment the problems of staff.
- Maintenance of human resources : This component subdivision includes providing the best working weather for employees. It too looks later the wellness together with security of the staff.
2. Continuous Process
HRM is non a sometime process. It is a continuous process. It has to continuously alter together with accommodate according to the changes inwards the environment, changes inwards the expectations of the staff, etc. HRM has to give continuous preparation together with evolution to the staff due to changes inwards technology.
3. Focus on Objectives
HRM gives a lot of importance to achievement of objectives.
The iv primary objectives HRM has to reach are :-
- Individual objectives of the staff.
- Group or Departmental objectives.
- Organisational objectives.
- Societal objectives.
4. Universal Application
HRM has universal application. That is, it tin live on used for occupation concern every bit good every bit for other organisations such every bit schools, colleges, hospital, religious organisations, etc.
5. Integrated exercise of Subsystems
HRM involves the integrated exercise of sub-systems such every bit Training together with Development, Career Development, Orgnisational Development, Performance Appraisal, Potential Appraisal, etc. All these subsystems increment the efficiency of the staff together with convey success to the organisation.
6. Multidisciplinary
HRM is multidisciplinary. That is, it uses many dissimilar subjects such every bit Psychology, Communication, Philosophy, Sociology, Management, Education, etc.
7. Developes Team Spirit
HRM tries to develop the squad spirit of the amount organisation. Team spirit helps the staff to piece of work together for achieving the objectives of the organisation. Now-a-days to a greater extent than importance is given to squad piece of work together with non to individuals.
8. Develops Staff Potentialities
HRM develops the potentialities of the staff past times giving them preparation together with development. This volition brand the staff to a greater extent than efficient, together with it volition give them to a greater extent than project satisfaction.
9. Key Elements for solving problems
Today, nosotros choose rapid technological, managerial, economical together with social changes. These changes convey many problems. HRM continuously tries to solve these problems.
10. Long Term Benefits
HRM brings many long term benefits to the individuals (staff), the scheme together with the society. It gives many fiscal together with non-financial benefits to the staff. It improves the icon together with profits of the organisation. It too provides a regular render of proficient lineament goods together with services at reasonable prices to the society.
Scope of Human Resource Management HRM
The Scope of Human Resource Management HRM is discussed below :-
1. Human Resource Planning (HRP)
HRP estimates the manpower need together with manpower render of the organisation. It compares the manpower need together with manpower supply. If in that location is manpower surplus together with then it gives voluntary retirement, lay-off, etc. to about employees. If in that location is manpower shortage together with then it hires employees from outside, gives advertisement to employees, etc.
2. Acquisition Function
Acquisition component subdivision includes Human Resource Planning, Recruitment, Selection, Placement together with Induction of employees. HRM uses the scientific alternative physical care for for selecting the correct human being for the correct post. The "right man" is given proper placement together with induction.
3. Placement Function
HRM too performs the placement function. Placement is done later alternative of employees. It agency to seat the correct human being inwards the correct house of work. Proper placement gives project satisfaction to the employees, together with it increases their efficiency.
4. Performance Appraisal
HRM too conducts a performance appraisal. Performance appraisal is a systematic evaluation of the employees' performance at work. It informs the employees virtually their strengths together with weakness. It too advises them virtually how to increment their strengths together with withdraw their weaknesses.
5. Career Development
HRM too helps the employees inwards planning together with developing their careers. It informs them virtually futurity promotions together with how to larn these promotions. It helps them to grow together with develop inwards the organisation.
6. Training together with Development
HRM too provides preparation together with evolution to the employees. Training agency to increment the knowledge together with skills of the employee for doing a item job. Training given to managers is called development. So, preparation is given to employees acre evolution is given to managers.
7. Quality of Work Life (QWL)
HRM too includes Quality of Work Life. QWL is a technique for improving productivity together with lineament of work. It involves labour administration co-operation, collective bargaining together with participative management.
QWL provides proficient working conditions, project security, proficient pay together with other facilities such every bit flexible working hours, liberty to advise changes or improvements, etc. OWL creates a feel of belonging. This benefits the scheme every bit good every bit the private employees.
8. Employees' Welfare
HRM provides employee's welfare. Welfare measures include paid holidays, medical insurance, canteen facilities, recreation facilities, residual room, carry facilities, etc. Proper together with timely welfare facilities motivate the employees to piece of work difficult inwards the organisation.
9. Compensation Function
Employees must live on rewarded together with recognised for their performance. HRM makes proper compensation packages for the employees. These packages motivate the employees together with increment their morale. Rewards are given to individuals, together with teams. The rewards may live on inwards the shape of higher pay, bonus, other monetary incentives, together with non-monetary incentives such every bit a certificate of appreciation, etc.
10. Labour Relations
HRM is too includes industrial relations. It includes matrimony administration relations, articulation consultations, negotiating, collective bargaining, grievance handling, disciplinary actions, village of industrial disputes, etc.
11. Maintenance Function
HRM too performs the maintenance function. That is, protecting together with promoting the wellness together with security of the employees. HRM introduces wellness together with security measures. It too provides other benefits such every bit medical aid, provident fund, pension, gratuity, motherhood benefits, accident compensation, etc., to the employees.
