Human Resource Management and Its Importance
Discover the meaning, definition, nature, functions, and policies of Human Resource Management (HRM) as prepared by lecturer Malathi in Commerce. Learn how HRM binds people and organizations to achieve individual, organizational, and societal objectives effectively. Explore the comprehensive, people-oriented, and action-oriented nature of HRM, along with its managerial and operative functions. Understand the significance of HR policies in promoting clear thinking, uniformity, continuity, security, delegation, orientation, and control for better decision-making.
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Presentation Transcript
HUMAN RESOURCE MANAGEMENT PREPARED BY MALATHI LECTURER IN COMMERCE
Human Resource Management Meaning Human Resource Management may be defined as a set of policies, practices and Programmes designed to maximize both personal and organizational goals. It is the process of binding people and organizations together so that the objectives of each are achieved.
Definition According to Flippo HRM is The planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished.
Nature of HRM Comprehensive Function People-oriented Action-oriented Individual-oriented Development-oriented Pervasive function Continuous function Future-oriented Challenging function Science as well asArt.
Functions of HRM 1.Managerial Function Planning Organizing Directing Controlling 2. Operative function Job analysis Human resource planning Recruitment Placement Individual orientation Training Executive development Career planning
Human resource Policies Human Resource policies provides guidelines for a variety of employment relationships in the organization. These guidelines identify the organization s recruitment, selection, compensation, motivation and otherwise leading and directing people in the working organization. intentions development, in promotion,
Importance of HR Polices Clear thinking Uniformity and consistency of administration Continuity and stability Sense of security Delegation of authority Orientation and training Better control Prompt decision making
