Dear Friends, this is my first post about Human Resources Management. Today I will introduce you with the term Human Resources Management or HRM. Though I know most of you who are visiting this blog are more or less familiar with this term, I think a little warm up might not be bad. So lets proceed…..
What is HR?
HR is an acronym for human resources. It is an element within an organization that deals with the human aspects needs of workers. HR addresses all kinds of vital issues, for example profitability, restructuring, flexible working and globalization, through the effective management and development of people. Simply to say it is the activity of attracting, retaining and motivating the people who the organisation needs.
What Is Human Resource Management?
Human resource management (HRM) is a stream of Management that deals with human resources. It is new developed concept of management quite different from personal management. It is a concern with formal systems in organization to ensure the effective and efficient use of human talent to accomplish the organizational goals.
Human resource management (HRM) entails planning, implementing, and managing recruitment, as well as selection, training, career, and organizational development initiatives within an organization.
What is HRM Goal?
The goal of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees while simultaneously improving the work life of employees and treating employees as valuable resources. Consequently, HRM encompasses efforts to promote personal development, employee satisfaction, and compliance with employment-related laws.
Human Resource Management is a planned approach to managing people effectively for performance. It aims to establish a more open, flexible and caring management style so that staff will be motivated, developed and managed in a way that they can and will give of their best to support departments’ missions.
HR activities support organizational efforts focusing on Productivity, Service & Quality. HRM activities can be grouped as follows:
- HR Planning and Analysis
- Equal Employment opportunity Compliance (EEO)
- HR Development
- Compensation & Benefits
- Health, Safety & Security
- Employee and labor/Management Relation
Influence of Environment factors on HRM
HR managers has to evaluate the impact of environment upon the human side of management. Like many other managers must take into account the elements and forces of their environment both external and internal which significantly affect HR activities and how they are designed, managed, and changed.
Internal or organizational Factors that effects HRM
- Mission of the organization
- Structure of the organization
- Change in workforce composition
- Corporate rightsizing
- Re engineering
- Operations of the organization
External Factors that effects HR Management
- Economic environment ( Capital, Labor,Price level,Tax Policy,Customers)
- Social and Cultural environment
- Political and legal environment
- Technological environment
- Global environment