Human Resource Management: An Overview

Human Resource Management: An Overview

• Human Resource Management (HRM) is the comprehensive set of managerial activities and tasks concerned with developing and maintaining a qualified workforce in ways that contribute to organizational effectiveness.

Definition of Human Resources

• Human resources are the people an organization employs to carry out various jobs, tasks, and functions in exchange for wages, salaries, and other rewards.

Human Resource Manager

• A Human Resource Manager requires:
  • Knowledge and Expertise in HR
  • Engaging Presentation Skills
  • The Ability to Multitask
  • Be Able to Deal With “Gray” Areas
  • Strong Sense of Ethics
  • Strong Communication Skills
  • Leadership Abilities
  • Ability to Motivate Others
  • Strong Conflict Management Skills
  • Courage

Importance of Human Resource Management

• HRM is important for:
  • Fulfilling the Human Resource Requirement
  • Employee Retention
  • Enhancing the Quality of Work Life
  • Redressing Grievance and Conflict
  • Achieving Organizational Goals
  • Long-term Existence in the Market
  • Developing Team Spirit and Feeling of Belongingness
  • Employee Satisfaction and Welfare

Objectives of Human Resource Management

• The objectives of HRM are to:
  • Fulfill the Human Resource Requirement
  • Employee Retention
  • Enhance the Quality of Work Life
  • Redressing Grievance and Conflict
  • Achieving Organizational Goals
  • Long-term Existence in the Market
  • Developing Team Spirit and Feeling of Belongingness
  • Employee Satisfaction and Welfare

Functions and Activities of Human Resource Management

• The functions and activities of HRM include:
  • (No specific details provided in the text)

Competitive Advantage through HR

• Competitive advantage in HR refers to the quality of employees who cannot be copied, unlike company's systems and processes.
• This means that the unique skills and abilities of employees can provide a sustainable competitive advantage to the organization.