Human Resources Management
Behind production of every product or service there is a human mind, effort and man hours (working hours). No product or service can be produced without the help of human beings. Every organization desire is to have skilled and competent people to make their organization competent and best. Among the five Ms of management, i.e., men, money, machines, materials, and methods, HRM deals about the first M, which is men. It is believed that in the five Ms, “men” is not so easy to manage. “every man is different from other” and they are totally different from the other Ms in the sense that men possess the power to manipulate the other Ms. Whereas, the other Ms are either lifeless or abstract and as such, do not have the power to think and decide what is good for them.
Human resource management is meant for proper utilization of available skilled workforce and also to make efficient use of existing human resources in the organization. The best example in the present situation is, the construction industry has been facing a serious shortage of skilled workforce. It is expected to triple in the next decade from the present 30 per cent, and will negatively impact the overall productivity of the sector, warn industry experts. Today many experts claim that machines and technology are replacing human resources and minimizing their role or effort. However, machines and technology are built by humans only and they need to be operated or at least monitored by humans and this is the reason why companies are always in hunt for talented, skilled and qualified professionals for continuous development of the organization.
Humans are crucial assets for any organization, although today many tasks have been handed over to the artificial intelligence but they lack judgement skills which cannot be matched with the human mind. Human resource management evolved from the Personnel management which was an erstwhile management system which used to manage employees. Human Resource Management is the process of recruiting, selecting, inducting employees, providing orientation, imparting training and development, appraising the performance of employees, deciding compensation and providing benefits, motivating employees, maintaining proper relations with employees and their trade unions, and also ensuring employees safety, and general welfare.
Human Resource Management involves management functions like planning, organizing, directing and controlling
- It involves procurement, development, maintenance of human resource
- It helps to achieve individual, organizational and social objectives
- Human Resource Management is a multidisciplinary subject.
- It includes the study of management, psychology, communication, economics and sociology.
- It involves team spirit and team work.
- It is a continuous process.
This course gives an overview of the concept of Human Resource Management (HRM). It describes the most important HRM processes and the prevalent ideas about the roles and functions of modern HRM.
Upon successful completion of this course, learners should be able to;
- Understand Human Resources Management Foundations,
- Describe Recruitment and Selection Process in HRM,
- Have an in-depth Understanding of Training and Development Aspect of HRM,
- Explain Performance Management and Measurement,
- Describe Strategic Human Resources Management,
- Understand Human Resources Planning,
- And many more.
SECTION 1: HUMAN RESOURCES MANAGEMENT FOUNDATIONS
Human resource management (HRM) is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. As a field, HRM has undergone many changes over the last twenty years, giving it an even more important role in today’s organizations. In the past, HRM meant processing payroll, sending birthday gifts to employees, arranging company outings, and making sure forms were filled out correctly in other words, more of an administrative role rather than a strategic role crucial to the success of the organization.
SECTION 2: HRM- RECRUITMENT AND SELECTION
SECTION 3: HRM - TRAINING AND DEVELOPMENT
Learning is a broad one which includes both training and development. Learning is observable modification of behavior as a result of some experience. Various learning theories are developed which are categorized in to five schools of learning.