HRM 1370: Human Resource Management PDF 2024

HRM 1370: Human Resource Management First Year ~ Second Semester 2024 Department of Human Resource Management {Farsighted Leader in HRM Field} Faculty of Management Studies and Commerce University of Sri Jayewa...

HRM 1370: Human Resource Management First Year ~ Second Semester 2024 Department of Human Resource Management {Farsighted Leader in HRM Field} Faculty of Management Studies and Commerce University of Sri Jayewardenepura 1 Department of Human Resource Management  Evaluation Mid-Term Test 30% Final Paper 70% Department of Human Resource Management  Chapter 01 Introduction to Human Resource Management (HRM) Session 01 3 Department of Human Resource Management ILOs 1.Define what HRM means. 2. Understand the significance of Human Resources(HR). 3. Describe the Generic Purpose, Strategic Goals, and Objectives of HRM. 4. Ascertain the functions of HRM. 5. Understand a Model of HRM. 6. Describe the Significance of HRM. Department of Human Resource Management Alternative Names for HRM Personnel Management (PM) Manpower Management People Management Staff Management Human Capital Management Department of Human Resource Management  Definitions of HRM 1. HRM is designing management systems to ensure that human talents used effectively and efficiently to accomplish organizational goals. (Mathis & Jackson, 2011) Department of Human Resource Management 2.The process of acquiring, training, appraising, and compensating employees, and of attending to their labour relations, health and safety, and fairness concerns. (Dessler, 2020) Department of Human Resource Management 3. HRM is the efficient and effective utilization of human resources to achieve goals of an organization. (Opatha, 2009) Department of Human Resource Management 3. *HRM is the efficient and effective utilization of human resources to achieve goals of an organization. (Opatha, 2009) Department of Human Resource Management  1. An Organization Economic and social entity composed of a group of people who interact with each other for the purpose of achieving common goal. Department of Human Resource Management  Types of Organizations 1. Purposes Profit Non- profit 2. Sectors Public–Private Public Private Co-operative Partnership Department of Human Resource Management  2. Goals Desired targets to be achieved in future. The basic goal of any organization To serve the human society If not Existence of the organization will suffer Or Vanish after a shorter period. Department of Human Resource Management Basic goal of an organization.. To fulfill human needs and upgrade standard of living of people. Ex: To upgrade the standard of living of people through the production and distribution of high-quality dairy products. Department of Human Resource Management To achieve the basic goal, the organization establishes specific goals. To increase net assets of owners. To enhance employee welfare. To maximize customer satisfaction. To increase quality of the product. To maintain market share. To achieve financial stability. Department of Human Resource Management  3. Human Resources (HRs) Employees who work for the organization. Department of Human Resource Management  Unique Characteristics of HRs It is animate, active and living. It has the ability to think, feel and react. Its value appreciates with the passage of time. It has the ability to influence on determining its cost. It has the ability to organize (as unions, teams, etc.) Its behavior is complex and may be unpredictable. It has the ability of creativity and innovation. It makes decision in respect of all other resources. Department of Human Resource Management  Human Resources Managerial Non-managerial employees employees Sometimes employees are mentioned as human capital, why? HRM is employee management with an emphasis on employees as assets of the organization. In this viewpoint, employees are sometimes referred to as human capital.  4. Efficient utilization of HR Optimum use of employees by minimizing wastage in terms of number of employees, their efforts and total employee cost. It denotes utilizing the right employees at right cost in the right number Department of Human Resource Management  5.Effective Utilization Use of HR for organizational effectiveness. Utilization of employees To accomplish goals of the organization fully Department of Human Resource Management  What is HRM? “HRM is the efficient and effective utilization of human resources to achieve goals of an organization.” Department of Human Resource Management  The Generic Purpose of HRM Generate & retain an appropriate & contended workforce which gives the maximum individual contribution to organizational success. Happy and Keep Satisfied Attract Accurate quality and quantity Department of Human Resource Management The Generic Purpose of HRM Strategic Goals of HRM Department of Human Resource Management  Strategic Goals 1.To improve employee productivity The relationship between employee inputs and outputs Within a certain period of time. Employee Productivity = Employee outputs (Number of units produced) Employee inputs (Number of employees) Department of Human Resource Management 2. Employee Development Accomplish employees' personal objectives. Improve their career development or career path. Enhance their competency through the development of knowledge, skills, and attitudes. Department of Human Resource Management 3. To increase quality of work life All the employees have the opportunity of present their ideas, suggestions and opinions before making decisions. Appropriate channels of communication are set up for this purpose Department of Human Resource Management 4. To ensure legal compliance To comply with various laws imposed by the government in relation to managing people. Mention the various labour laws imposed by the Sri Lankan Government. Ex: Shop and Office Employees Act Industrial Disputes Act Wages Boards Ordinance Trade Unions Ordinance Employment of Women, Young Persons and Children Act Workmen’s Compensation Act Department of Human Resource Management  Strategic Goals 1. To improve employee productivity 2. Employee development 3. To increase quality of work life 4. To ensure legal compliance Department of Human Resource Management The Generic Purpose of HRM Strategic Goals of HRM HRM Objectives Department of Human Resource Management  HRM Objectives 1. To procure right people at the right time to do the right jobs. 2. To retain the more appropriate employees. 3. To get and improve the employee commitment. 4. To motivate employees. 5. To control the cost of employees. Department of Human Resource Management The Generic Purpose of HRM Strategic Goals of HRM HRM Objectives HRM Functions Department of Human Resource Management Department of Human Resource Management Some functions are interrelated Job Analysis Pay Management Performance Evaluation Training &Developments Department of Human Resource Management Some functions are interdependent Success of one function as a direct impact on determining the success of another function. Recruitment Selection Department of Human Resource Management  Fields of HRM Fields of HRM refer to areas of HRM or combination of HRM functions. Human Resource Development Employment Planning Performance Evaluation Job Design Training and Development Job Analysis Human Resource Planning Employee Resourcing Fields of HRM Recruitment Selection Hiring Rewards Management Induction Pay Management Welfare Administration Labour Relations Management of Incentives Discipline Administration Grievance Handling Labour Relations Department of Human Resource Management  Responsibility for Functions of HRM Responsibility of HRM functions rests with every manager in an organization. Every manager has a subordinates who need to managed. All managers in an organization-Line and Staff Department of Human Resource Management  Responsibility for Functions of HRM Dual responsibility HR Manager Other Managers Line : Directly achieve the goals Develop & implement HR Staff:Provide services related policies & to the line manager procedures The implementation of HR- related policies & procedures  Significance of HRM 1. HR is the most important resource. 2. Quality of other functional fields of management heavily depends on the quality of HRM. 3. HRM is the responsibility of every manager in an organization. Department of Human Resource Management  Discuss the following statement. “Other Resources make things possible but only human resources make things happen.” Department of Human Resource Management Thank You…!