Human Resource Management

• HRM is the process of acquiring, training, appraising and compensating employees, and attending to their labor relations, health and safety, and fairness concerns.

Nature of HRM• Pervasive force• Action oriented• Individually oriented• People oriented• Future oriented• Development oriented• Integrating mechanism• Comprehensive function• Auxiliary service• Inter-disciplinary function• Continuous function

Scope of HRM

• Personal aspect• Welfare aspect• Industrial relations aspect

Objectives of HRM• To help the organization reach its goals• To employ the skills and abilities of the workforce

efficiently• To provide the organization with well trained and well

motivated employees• To increase to the fullest the employee’s job

satisfaction and self-actualization• To develop and maintain a quality of work life• To communicate HR policies to all employees• To be ethically and socially responsive to the needs of

society

Importance of HRM• At the enterprise level– Attract and retain talent– Train people for challenging roles

• At the individual level– Develop loyalty and commitment– Promote team spirit– Improve job satisfaction

• At the society level– Generate employment opportunities

• At the national level– Enhance standard of living