Human Resource Management (HRM) Fundamentals

Study Notes

Recruitment and Selection:
- Identifies staffing requirements and attracts suitable candidates.
Employee Relations:
- Manages organizational-employee relationships and addresses grievances while ensuring compliance with labor regulations.
Performance Management:
- Establishes performance standards, conducts appraisals, and provides coaching.
Compensation and Benefits:
- Designs pay structures and manages employee benefits to ensure competitive compensation.
Compliance:
- Maintains adherence to employment laws and workplace safety standards.

Training and Development:
- Delivers training programs and workshops to enhance employee skills.
Career Development:
- Creates career progression plans and provides counseling to support professional growth.
Leadership Development:
- Identifies and cultivates potential leaders within the organization through targeted programs.
Organizational Development:
- Assesses development needs and implements change management initiatives for organizational improvement.
Performance Improvement:
- Identifies performance gaps and designs interventions to enhance individual and team effectiveness.

Scope:
- HRM encompasses a wide range of personnel management activities; HRD focuses specifically on employee skills and growth.
Goals:
- HRM aims to manage workforce effectively; HRD seeks to enhance employee capabilities for organizational needs.
Approach:
- HRM involves standard procedures for employee management; HRD employs strategic, developmental methods for growth.
Time Frame:
- HRM addresses immediate management issues; HRD emphasizes long-term employee development and capacity building.

HRM and HRD are interrelated; effective HRM practices lay the groundwork for successful HRD initiatives.
Strong HRD practices enhance HRM by developing skills that improve employee performance in their roles.