HUMAN RESOURCE MANAGEMENT

Human Resource Managent
Vishal Patel
Gaurav Agarwal
Aashish Vigg
Mayank Agarwal
Niraj Lalwani
What is Human Resource
Management?
• It is concerned with management of people
from recruitment to retirement
• To select right person, at the right place for
the right job
Objectives of HRM
There are mainly four objectives of Human
Resource Manager
• Organizational Objectives
• Functional Objectives
• Personal Objectives
• Societal objectives
Organizational Objectives
• HR Planning
• Employee Relations
• Selection
• Training and Development
• Appraisal
• Placement
• Assessment

Functional Objectives
• Performance appraisal
• Assessment
Personal Objectives
• Training and Development
• Apraisal
• Placement
• Compensation
• Assessment

Societal Objectives
• Union Management Relations
• Benefits
• Legal Compliance

Managerial Functions of HRM
• Planning- plan & research about wage trends
,labour market etc …
• Organizing- manpower and resources
• Staffing- recruitment & selection
• Directing- issuance of orders and instructions
to follow plan of action
• Controlling – to regulate the activities
Significance of HRM
Human Resource Management becomes significant for business organization due to
the following reasons.

• Objective :- Human Resource Management helps a company to achieve its
objective from time to time by creating a positive attitude among workers.
Reducing wastage and making maximum use of resources etc.

• Facilitates professional growth :- Due to proper Human Resource policies
employees are trained well and this makes them ready for future promotions. Their
talent can be utilized not only in the company in which they are currently working
but also in other companies which the employees may join in the future.

• Better relations between union and management :- Healthy Human Resource
Management practices can help the organization to maintain co-ordinal
relationship with the unions. Union members start realizing that the company is
also interested in the workers and will not go against them therefore chances of
going on strike are greatly reduced.

• Helps an individual to work in a team/group :- Effective Human
Resource practices teach individuals team work and adjustment.
The individuals are now very comfortable while working in team
thus Team Work improves.

• Identifies person for the future :- Since employees are constantly
trained, they are ready to meet the job requirements. The company
is also able to identify potential employees who can be promoted in
the future for the top level jobs. Thus one of the advantages of
HRM is preparing people for the future.

• Allocating the jobs to the right person :- If proper recruitment and
selection methods are followed, the company will be able to select
the right people for the right job. When this happens the number of
people leaving the job will reduce as the will be satisfied with their
job leading to decrease in Labour turnover.

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