HUMAN RESOURCES: MEANING Human resources means the collection of people and their characteristics at work. These are distinct and unique to an organization in several ways.
WHY AND HOW HUMAN RESOURCES (HR) ARE SUPERIOR TO PHYSICAL RESOURCES HR alone appreciates over a period. HR achieves in higher performance output than its actual input. HR brings value to all other assets. Operational flexibility is possible with HR.
HUMAN RESOURCE MANAGEMENT: MEANING Human resource management is concerned with policies and practices that ensure the best use of the human resources for fulfilling the organizational and individual goals.
FACTORS WHICH SHAPED THE HR ENVIRONMENT OF FIRMS IN DIFFERENT ERAS IN HISTORY Employers’ attitude towards the employees Labour market Condition Strength of the unions Labour awareness Labour welfare laws
DIFFERENT PHASES IN THE EVOLUTION OF HUMAN RESOURCE MANAGEMENT ARE:
OBJECTIVE OF HRM Obj. Societal Objective Organisational Objectives Supporting function 1. Legal compliance 2. Benefits (RESERVATION) 3. Union Management relations 1. HRP 2. Employee relations 3. Selection 4. Training & Development 5. Appraisal 6. Placement
OBJECTIVES OF HRM Obj. Functional objectives Personal Objectives Supporting function 1. Placement 2. Assessment 3. Apprasial 1. Training & Development 2. Compensation
SCOPE OF HRM Labour or Personnel aspect – Recruitment, Selection, Transfer, Promotion etc. Welfare aspect – Housing, Lunch room, Health and Safety, Transport, education etc. Industrial relation aspect – Union Management relations, Negotiation, Grievance handling etc.