BA9224 HUMAN RESOURCE MANAGEMENT
PERCEPTIVE IN HUMAN RESOURCE MANAGEMENT
Human resources refer to the qualitative and quantitative aspects of employees working in an organization.
“Human resources are considered as Human Capital. Human capital is classified under 3 categories- Intellectual capital, Social capital and Emotional capital. Intellectual capital consists of specialized knowledge, tacit knowledge and skills, cognitive complexity and learning capacity. Social capital is made up of network of relationships, sociability and trustworthiness. Emotional capital consists of self confidence, ambition and courage, risk bearing ability ...view middle of the document...
Accordingly the scope of HRM consists of acquisition, development, maintenance/retention and control of human resources in the organization.
Human Resource Planning, Recruitment, selection and placement.
Human Resource Audit
Human Resource Accounting
Human Resource Information System
Training, Career development, Organization development, Internal Mobility.
Remuneration, Motivation, Health and Safety, Social Security, Industrial relations, Performance appraisal.
Human Resource Management
The National Institute of Personnel Management (NIPM) has specified the scope of HRM as follows:
The Labour or Personnel Aspect
Concerned with manpower planning, recruitment, selection, placement, transfer, promotion, training and development, lay-off and retrenchment, remuneration, incentives, productivity,etc.
Deals with working conditions and amenities such as canteen, crèches, rest and lunch rooms, housing, transport, medical assistance, education, health and safety, recreation facilities, etc.
Industrial Relations Aspect
Includes union-management relations, joint consultation, collective bargaining, grievance and disciplinary actions, settlement of disputes, etc.
Significance of HRM
1. Social significance: Proper management of personnel’s, enhances their dignity by satisfying their social needs. This is done by
a. Maintaining a balance between the jobs available and the job-seekers, according to the qualification and needs
b. Providing suitable and most productive employment
c. Making maximum utilization of the resource
d. Eliminating waste or improper use of human resources
e. By helping people make their own decisions
2. Professional Significance: By providing healthy working environment, it promotes team work in the employees. This is done by
a. Maintaining the dignity of the employees as a ‘human-being’.
b. Providing maximum opportunities
c. Providing healthy relationship between different work groups
d. Improving the employee’s working skill and capacity
e. Correcting the errors
3. Significance for Individual Enterprise: It can help the organization in accomplishing its goals by:
a. Creating right attitude among the employees through effective motivation
b. Utilizing effectively the available human resources
c. Securing co-operation of the employees for achieving goals of the enterprise and fulfilling their own social and other psychological needs of recognition, love, affection, belongingness, esteem and self-actualisation.
Objectives of HRM
The primary objective of HRM is to ensure the availability of right people for right jobs so as the goals are achieved effectively.
1. To help the organization to attain its goals effectively and efficiently by providing competent and motivated employees.
2. To utilize the available human resources effectively.
3. To increase...