A Course Material On Human Resource Management
Download A Course Material On Human Resource Management book free online – from A Course Material On Human Resource Management book; This note explains the following topics: Perspectives in Human Resource Management, Evolution of Human Resource Management, Challenges in Hrm, Role of Human Resource Manager, Human Resource Policies, The Concept of Best Fit Employee, Training and Executive Development, Sustaining Employee Interest, Performance Evaluation and Control
Human resources management (HRM) is a management function concerned with hiring, motivating and maintaining people in an organization. It focuses on people in organizations. Human resource management is designing management systems to ensure that human talent is used effectively and efficiently to accomplish organizational goals.
HRM is the personnel function which is concerned with procurement, development, compensation, integration and maintenance of the personnel of an organization for the purpose of contributing towards the accomplishments of the organization‘s objectives. Therefore, personnel management is the planning, organizing, directing, and controlling of the performance of those operative functions(EdwardB. Philippo).
Compensation affects staffing in that people are generally attracted to organizations offering a higher level of pay in exchange for the work performed. To be competitive, employers develop and refine their basic compensation systems and may use variable pay programs such as incentive rewards, promotion from within the team, recognition rewards, balancing team and individual rewards etc.
This function uses rewards to motivate personnel to achieve an organization‘s goals of productivity, innovation and profitability. Compensation is also related to employee development in that it provides an important incentive in motivating employees to higher levels of job performance to higher paying jobs in the organization.
Benefits are another form of compensation to employees other than direct pay for the work performed. Benefits include both legally required items and those offered at employer‘s discretion. Benefits are primarily related to the area of employee maintenance as they provide for many basic employee needs.