Unit 3 Session 1.pptx

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 1 : Introduction to Human Resource Management (Part I) Human Resource Management Introduction to Human Resource Management Learning Objectives: • Foundation...

Online MBA Semester I ORGANIZATIONAL BEHAVIOUR & HUMAN RESOURCE MANAGEMENT Course Code - (OMBA-103) Unit 3: Human Resource Management Lesson 1 : Introduction to Human Resource Management (Part I) Human Resource Management Introduction to Human Resource Management Learning Objectives: • Foundations • What is HRM? • Definition of HRM • Knowledge, Skills and Abilities(KSA) • Nature/Features of HRM • Functions of HRM • Difference 2 Human Resource Management Introduction to Human Resource Management HRM & 3 Ps : PEOPLE PROCESSES PERFORMANCE Material resources depreciate while human resources appreciate 3 Human Resource Management Introduction to Human Resource Management Our assets walk out of the door each evening. We have to make sure that they come back the next morning. --- Narayana Murthy 4 Human Resource Management Introduction to Human Resource Management Resource? Something you need to produce : Material, Money etc. Human Resource is something special because it is linked to people Problem with ‘resources’ is they get exhausted but if used judiciously they create value A better term would be ‘capital’ Viz. Human Capital Management 5 Human Resource Management Introduction to Human Resource Management There are four types of capital/resources in any business: • Economic capital What you have? • Social capital Who you know? • Psychological capital Who you are? • Human capital What you know? 6 Human Resource Management Introduction to Human Resource Management An organization functions on the basis of several factors of production: Land Machinery Need for HRM Capital Labor/ Human factors …..One big resource??? Elements of the human capital: social, emotional, intellectual 7 Human Resource Management Introduction to Human Resource Management What is HRM? • A Part of management • Human Resource- Sum total of knowledge, skills, creative ability, talents and aptitudes of an Organization’s work force 8 Human Resource Management Introduction to Human Resource Management Definitions of HRM “HRM is planning, organizing, directing, controlling of procurement, development, compensation, integration, maintenance and separation of human resources to the end that individual, organizational and social objectives are achieved.” Edwin B. Flippo “HRM is a managerial perspective, which argues the need to establish an integrated series of personnel policies to support organizational strategy.” Buchanan and Huczynski 9 Human Resource Management Introduction to Human Resource Management “HRM is a strategic approach to managing employment relations, which emphasizes that leveraging people’s capabilities are critical to achieving competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes and practices.” Bratton and Gold 10 Human Resource Management Introduction to Human Resource Management Definitions of HRM….contd. “HRM is a distinctive approach to employment management, which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personnel techniques.” Storey 11 Human Resource Management Introduction to Human Resource Management According to George T. Milkovich and John W. Boudreau, “Human resource Management is a series of integrated decisions that form the employment relationship; their quality contributes to the ability of the organizations and the employees to achieves their objectives. 12 Human Resource Management Introduction to Human Resource Management According to Institute of Personnel Management (IPM), “Human Resource Management is that part of Management which is concerned with people at work and with their relationships within an enterprise. Its aim is to bring together and develop into an effective organization the men and women who make up an enterprise and having regard for the well being of the individual and of working groups to enable them to make their best contribution to its success. 13 Human Resource Management Introduction to Human Resource Management KSAs A reference point in hiring scenarios. Used to compare candidates in final selection. Also to assess if there is a need for training the existing workforce. Knowledge: Conceptual understanding. Theory (Keyboard) Skills: Application of the theoretical knowledge. Capabilities or proficiencies developed through training and actual experience (Data entry for e.g.). 14 Human Resource Management Introduction to Human Resource Management Abilities: Innate capabilities that you bring to a particular task or situation (making less errors in data entry, team building skills that one has not specifically learnt). Example: Painting an automobile. Finished product may be of poor quality despite Knowledge and Skills. 15 Human Resource Management Introduction to Human Resource Management What are the features of HRM?? 16 Human Resource Management Introduction to Human Resource Management FEATURES OF HUMAN RESOURCE MANAGEMENT Human Resource Management is: • Management of People in the Organisation • Harmonious Relation • Continuous Process 17 Human Resource Management Introduction to Human Resource Management • • • • • • Dynamic Function Universal Function-It is pervasive in nature Strategic Approach Integration of Goals Future-oriented Multidisciplinary 18 Human Resource Management Introduction to Human Resource Management FUNCTIONS OF HUMAN RESOURCE MANAGEMENT 19 Human Resource Management Introduction to Human Resource Management FUNCTIONS OF HUMAN RESOURCE MANAGEMENT 20 Human Resource Management Introduction to Human Resource Management HR Functions A-? (Acquiring) T-? (Training) A-? (Appraising) C-? (Compensating) Other Functions? Functions, Processes , Policies HR Technology and HR Metrics HR Analytics 21 Human Resource Management Introduction to Human Resource Management DIFFERENCE PERSONNEL MANAGEMENT & HRM A personnel manager’s function is administrative Traditionally his role was to maintain records of personnel and act as a link between employee and employer 22 Human Resource Management Introduction to Human Resource Management Soft HRM & Hard HRM The former an outgrowth of the human relations movement with emphasis on motivation, leadership, communication The latter considers employees a commodity 23 Human Resource Management Introduction to Human Resource Management Difference between Human Resource Management and Human Resource Development • HRM is a wider term than HRD. • An HRD program is meant to sharpen the potentialities of people to perform well on their jobs. • HRM is the process of acquiring, training, appraising and compensating employees and attending to their labor relations, health and safety and fairness concerns. 24 Online MBA Semester 1 Managerial Economics (OMBA102) All The Best