Human Resources Management:
• “HRM is a process for making policies and procedures
and application of these procedures to ensures the best
use of organizational resources.”
• Characteristics of HRM::
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People Oriented
Action Oriented
Science as well as art
Continuous Function
Challenging function
Future Oriented
Staff function
Objectives of HRM:
• To act as a liaison between the top management and the
employees.
• To arrange and maintain adequate manpower inventory.
• To devise employee benefit schemes.
• To enhance and ensure the quality of work life.
• To offer training.
• TATA Company is also follow these Objectives.
Scope of HRM:
• Personal or Labour Aspect: Planning, selection,
placement, transfer, training and development, lay
offs, remuneration.
• Welfare Aspect: Housing, transport, canteen, rest
room, health and safety, education etc.
• Industrial Relation Aspect: Union-Management
relation, collective bargaining, grievance and
disciplinary actions.
Difference between HRM and PM:
HRM
PM
• Proactive in nature.
• Resource centred activity.
• Its emphasizes on flexible,
open contracts.
• View better performance
as cause of job
satisfaction.
• Reactive in nature.
• Employee centred activity.
• Its emphasizes the strict
observance of rules,
procedures and contracts.
• It consider job satisfaction as
a source of better
performance.
Functions of HRM
They have two Functions:
• Managerial Function
• Operative Function
Managerial Functions
Planning
Organizing
Staffing
Directing
Controlling
Operative Functions:
Operative Function
Procurement
Development
Compensation
Maintenance and motivation
Integration
Industrial Relation
HRM