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Unit 1 Introduction To Human Resource Management

This document provides an introduction to the key concepts of human resource management (HRM). It defines HRM as the function concerned with hiring, motivating, and maintaining employees to accomplish organizational goals effectively and efficiently. The document outlines the objectives, nature and functions of HRM. It explains that HRM aims to maximize employee contributions and productivity while meeting individual and societal objectives. The introduction notes that HRM is a multidisciplinary field that applies management principles to acquiring, developing and compensating human talent.

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126 views2 pages

Unit 1 Introduction To Human Resource Management

This document provides an introduction to the key concepts of human resource management (HRM). It defines HRM as the function concerned with hiring, motivating, and maintaining employees to accomplish organizational goals effectively and efficiently. The document outlines the objectives, nature and functions of HRM. It explains that HRM aims to maximize employee contributions and productivity while meeting individual and societal objectives. The introduction notes that HRM is a multidisciplinary field that applies management principles to acquiring, developing and compensating human talent.

Uploaded by

vedant khare
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Unit - 1 : Introduction to Human Resource

Management
Structure of Unit:
1.0 Objectives
1.1 Introduction
1.2 Opening Case
1.3 What is Human Resource Management?
1.4 Nature of HRM
1.5 Scope of HRM
1.6 Objectives of HRM
1.7 Functions of HRM
1.8 Role of HRM
1.9 HRM in the New Millennium
1.10 Summary
1.11 Self Assessment Questions
1.12 Reference Books

Objective
Understand the basic concepts of human resource management (HRM).
 Explain what human resource management is and how it relates to the management process.
 Provide an overview of functions of HRM.
 Describe how the major roles of HR management are being transformed.
 Explain the role of HRM in the present millennium.

INTRODUCTION
 Since 1980’s HRM is in academics and commercial circle
 It is multidisciplinary
o Management
o Psychology
o sociology
o and economics
 Effective HRM depends on the
o causes
o and conditions that an organizational setting would provide.
 Organization has three basic components,
o People,
o Purpose,
o and Structure.
 Today in companies quality matters, but, tomorrow the calibre of the people in company will matter.
 The goal of HRM
o is to maximize employees’ contributions in order to achieve optimal productivity and effectiveness,
o while simultaneously
 attaining individual objectives (such as having a challenging job and obtaining recognition),
 and societal objectives (such as legal compliance and demonstrating social responsibility).
1.3. WHAT IS HUMAN RESOURCE MANAGEMENT
 Human resources management (HRM)
o It is a management function concerned with
 hiring,
 motivating
 and maintaining people in an organization.
o It focuses on people in organizations.
o Human resource management is designing management systems to ensure that human talent is
used effectively and efficiently to accomplish organizational goals.
 Generally HRM refers to
o the management of people in organizations.
o It comprises of the
 Activities
 policies,
 and practices involved in
 obtaining,
 developing,
 utilizing,
 evaluating,
 maintaining,
 and retaining the appropriate number and skill mix of employees to accomplish the
organization’s objectives.
 The goal of HRM is to
o maximize employees’ contributions in order to achieve optimal
 productivity
 and effectiveness,
o while simultaneously attaining individual objectives (such as having a challenging job and obtaining
recognition),
o and societal objectives (such as legal compliance and demonstrating social responsibility)

1.4. NATURE OF HRM


 HRM Involves the Application of Management Functions and Principles.
o The functions and principles are applied to
 acquiring,
 developing,
 maintaining
 and providing remuneration to employees in organization.
 Decision Relating to Employees must be Integrated with other decisions.
o Decisions on different aspects of employees must be consistent with other human resource (HR)
decisions.
 Decisions Made Influence the Effectiveness of an Organization.
o Effectiveness of an organization will result in betterment of services to customers
o in the form of high-quality products supplied at reasonable costs
 HRM Functions are not Confined to Business Establishments Only
o but applicable to non-business organizations such as education, health care, recreation and like.

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