HRM Sparshi Notes PDF

# Introduction to HRM ## Definition of HRM - **Pigors & Myers**: HRM is a method of developing employee potential to maximize job satisfaction and encourage employees to give their best efforts to the organization. - **Edwin B. Filipo**: Management involves planning, directing, organizing, and con...

# Introduction to HRM ## Definition of HRM - **Pigors & Myers**: HRM is a method of developing employee potential to maximize job satisfaction and encourage employees to give their best efforts to the organization. - **Edwin B. Filipo**: Management involves planning, directing, organizing, and controlling the procurement and development of resources to achieve individual and societal objectives. - **Dale Yoder**: HRM provides leadership and direction for people in their work and employment relationships. ## Significance or Importance of HRM - Achieves organizational objectives. - Facilitates professional growth. - Improves relations between management and employees. - Helps individuals to work in a team. - Identifies people for the future. - Allocates the right jobs to the right people. - Increases the economy. ## Objectives of HRM - **Social Objectives:** - Enforces reservation in hiring. - Avoids discriminations. - Includes safety measures. - Maintains a balance between job vacancy and job seekers by training people for the right jobs. - Engages individuals in productive employment to benefit the society. - Optimizes worker utilization and eliminates idle workers. - **Organizational Objectives:** - Achieves organizational goals and contributes to their overall success. - Builds a reputation of excellence by following ideal work approaches and human resource policies. - Increases the value of intellectual capital in the workforce. - Adds values to the organization. - **Professional Objectives:** - The HR department handles activities in the organization professionally. - Maintains human dignity in all forms of work. - Grants opportunities for advancement and growth in the organization. - Develops skills through guidance. - Allocates roles to individuals that are most suited for them. - **Individual Objectives:** - Supports employees in achieving their personal goals. - Recognizes efforts. - Motivates employees and ensures they are satisfied with their jobs to increase job satisfaction. - Fosters a positive attitude and high morale. - Harnesses the potential of individuals to their full extent. - Secures the cooperation of workers in organizational development. - Satisfies the psychological and physiological needs of employees. ## Functions of Human Resource Management - **Managerial Functions:** - **Planning:** Determines strategies, policies, programs, and procedures, to achieve organizational goals. - **Organizing:** Allocates tasks among members to achieve goals. - **Directing:** Guides employees to perform specific work. - **Coordinating:** Blends employee efforts towards objective achievement. - **Controlling:** Checks, regulates, and verifies that organizational operations are carried out per standard procedure. - **Operational Functions:** - **Employment** - **Job Analysis:** Collects information on a specific job. - **HR Planning:** Determines that adequate resources will be available at the right time. - **Recruitment:** Attracts candidates to the organization. - **Selection:** Evaluates the qualifications, experience, and other skills of candidates. - **Placement:** Matches employees with necessary skills to job requirements. - **Training & Orientation:** Introduces new employees to the organization through technical and operational training. - **Human Resource Development:** - **Performance Appraisal:** Evaluates an employee’s performance and identifies potential for professional growth. - **Career Planning:** Helps employees construct a pathway through training, education, and gaining work experience. - **Transfer:** Moves employees within the organization. - **Compensation:** - **Wages and Salary:** Creates a wage and salary program. - **Bonuses and Incentives:** Provides financial rewards to employees for achieving a specific target after a certain period of time. - **Fringe Benefits:** Offers benefits to meet the employees’ needs. - **Special Security Measures:** Ensures a safe and reliable work environment. - **Human Relations:** - **Industrial Relations:** Studies the interactions between employees, employers, government, and trade unions. - **Roles of an HR:** - Manages and utilizes resources effectively to achieve organizational goals. - Provides guidance and support to all managers. - Prepares and updates job analysis and specifications. - Advises managers about recent trends. - Prepares HR plans. - Identifies talents. - Selects employment agencies. - Conducts selection tests and interviews. ## Processes in HR - Human resource planning: - Recruitment - Selection - Hiring - Training - Induction - Orientation - Evaluation - Promotion - Layoffs - Employee remuneration and benefits administration - Performance management - Employee relations ## Duties and Responsibilities of a Human Resource Manager - Hiring and recruitment - Creating job descriptions and designs - Planning schedules - Onboarding and training - Documenting rules and regulations - Performance management - Developing workplace atmosphere - Conflict resolution - Ensuring employee health and safety - Positive reinforcement - Recording and reporting - Special management - Managing compensation and benefits ## Expected Questions **5 Marks** 1. Explain the various objectives of HRM. 2. What are the significance of HRM? 3. Describe the role of HR in achieving organizational goals. 4. Name any five managerial functions of HRM. 5. Define the various professional objectives of HRM. 6. What is the role of a HR manager in your organization? 7. What are the few important functions of HRM? 8. Define the term HRM and explain its meaning and significance. 9. What are the key components of HRM? 10. What are the five important steps in HRM's process? 11. Explain the term job analysis in HR planning? 12. Describe in detail the day-to-day activities of the HR department in an organization. 13. It is said that HR is one of the most important departments in the organization. What are HR's functions in terms of its operation? 14. Imagine that you are an HR for a rapidly growing organization called PeopleLink Technologies. The CEO has asked you to examine the distinctions between social and organizational objectives within the context of growth and expansion of the company. Simplify the relevance of this statement to explain the concept. 15. Determine and explain the various roles of an HR manager in an organization. **12 Marks** 1. Consider yourself as a senior HR manager of a rapidly expanding retail chain. Your company’s leadership is aiming to open several new stores and significantly increase the market share over the next few years. Demonstrate and explain your contribution of HRM to achieve organizational goals. 2. If you want to create a positive work culture, what would be your role as an HR? Discuss the duties and responsibilities of a HR. 3. As an HR, you have to plan certain activities in your organization. What would be the ideal approach you would follow for your workforce, and what would its significance be? 4. In your own words, discuss the various challenges that HR might face in implementing the entire process. 5. The HR of ABC, Limited, is struggling with various managerial functions. You are their assistant and are requested to discuss its various functions along with its impact. 6. Compare the roles and responsibilities of an HR manager in different types of organizations (small business, large companies, and non-profit organizations). You are also required to compare with the key duties for the sake. 7. What do you think are the specific challenges faced in a non-profit organization? Explain your answer. 8. You are required to discuss the significance of the contribution of the human resource management in achieving organizational, professional, and individual objectives. 9. An organization is facing challenges in aligning its HR practices with its strategic goals. You are the associate for the HR manager, and what do you think are the ideal components of HRM that the organization should focus on to address these challenges? In brief, discuss the role of HR as your senior manager in integrating the HR practices with the organization's objectives. 10. ABC, Limited, has hired an HR manager. The new manager is tasked with creating a new process and pipeline in the organization. You are required, the senior manager, by describing the various steps that the manager should incorporate and consider. In your own words, you are also tasked with the importance of aligning the HRM process with the company’s growth strategy or model. Discuss. 11. Mr. Rajdeep is a senior manager at Rajdeep Enterprises, which is a startup and is currently growing and expanding its operations. What would the ideal role of Rajdeep be in terms of enhancing the economy of the company? 12. Akshat is a senior recruiter at a tech-integrated company which has multiple departments. You are required to help Akshat in identifying, determining, and mentioning his operational and managerial functions. ## Additional Notes: - This document describes the fundamental concepts and processes of HRM. - It covers the various roles, functions, and responsibilities of an HR manager. - It also highlights the importance of HR in achieving organizational goals. - The document includes a list of expected questions for students studying HRM.