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Introduction to Human Resource Management (Objectives of HRM to an…
Introduction to Human Resource Management
Definition of Human Resource Management
HRM is defined as "People Management"
Objectives of HRM to an Organisation
To achieve its goals
Efficiently employing the right skills & abilities
Provide well trained and motivated employees
Increase job satisfaction
Managing change
HRM three fundamentals ways to achieve strategic objectives
Managing cost
Personnel cost which expensive and relatively permanent
Capacity to operate effectively
Employees = productivity = performance = $$
Capacity to undertake new enterprise and change operations
Inaccurate employment may affect the company ability to take on new enterprise.
Key HRM activities
Staffing function
Job analysis, Recruitment & Selection, Orientation
Human Resource Development
Training & development, career planning, performance management & appraisal
Compensation
Direct/Indirect financial/Non-financial compensation, flexible benefits etc.
Safety & health
Workplace health & safety act, policies and procedures, work life balance.
Employee and labour relations
Recognise unions, provide communication channels, proper process to address concerns
HRM strategy is integrated with organisation strategy
HRM strategy supports organisational strategy
Organisational strategy should drives the human resource management
Organisational Strategy on HRM strategy
Growth
Agressive recruiting
Address rapidly rising salaries issues
Job creation
Expanding training & development
Retrenchment
Review wage cut
Job re-design
Lay-off
Re- negotiation of collective agreement
Acquisition
Selective lay off
Transfer/placement
Management culture transition