• UNIT 1 : INTRODUCTION TO HUMAN RESOURCE
MANAGEMENT
1.Definition of HRM
Human Resource Management (HRM) is the process of managing an
organization's workforce to achieve its goals and objectives. It involves
planning, organizing, directing, and controlling the procurement,
development, maintenance, and utilization of an organization's workforce.
2.Objectives of HRM
The primary objectives of HRM are:
1. *To attract and retain talent*: HRM aims to attract, select, and retain the
best talent in the industry.
2. *To develop employees*: HRM focuses on developing employees' skills,
knowledge, and abilities to enhance their performance and productivity.
3. *To improve employee engagement*: HRM strives to create a positive
work environment that fosters employee engagement, motivation, and
commitment.
4. *To ensure compliance with laws and regulations*: HRM ensures that the
organization complies with all relevant laws and regulations related to
employment, labor, and human resources.
3: Importance of HRM
HRM is crucial for an organization's success because it:
1. *Enhances productivity*: Effective HRM leads to increased productivity,
efficiency, and better work quality.
2. *Improves employee retention*: HRM helps reduce employee turnover
rates, saving the organization recruitment and training costs.
3. *Fosters innovation and creativity*: HRM encourages a culture of
innovation, creativity, and continuous learning.
4. *Supports business strategy*: HRM aligns with the organization's overall
business strategy, ensuring that human resources are utilized effectively to
achieve business objectives.
4: Nature of HRM
The nature of HRM is:
1. *Multidisciplinary*: HRM draws from various disciplines, including
psychology, sociology, law, and business administration.
2. *Dynamic*: HRM is constantly evolving to adapt to changing business
environments, technologies, and workforce demographics.
3. *Strategic*: HRM is a strategic function that aligns with the organization's
overall business strategy.
4. *People-centric*: HRM focuses on the well-being, development, and
engagement of employees.
5: Scope of HRM
The scope of HRM includes:
1. *Recruitment and selection*: Attracting, selecting, and hiring the best
talent.
2. *Training and development*: Developing employees' skills, knowledge,
and abilities.
3. *Performance management*: Managing employee performance, including
goal-setting, feedback, and evaluation.
4. *Employee relations*: Managing employee relationships, including
communication, conflict resolution, and employee engagement.
5. *Compensation and benefits*: Designing and administering
compensation and benefits packages.
6. *Health and safety*: Ensuring a safe and healthy work environment.
7. *Employee welfare*: Providing employee welfare services, including
counseling, employee assistance programs, and work-life balance initiatives.
