Human Resource Management (HRM)

Hi Friends, 

After a long day back, I would like to share a topic with all of you. It is too useful for them who are doing MBA in HR, The topic is Human Resource Management.

What is Human Resource ??

Human Resource Management is a process of bringing people and organizations together so that the goals of each are met. It is that part of the management process which is concerned with the management of human resource in an organization. It tries to secure the beast from people by winning their wholehearted co-operation.

                

If may be defined as the act of procuring, developing and maintaining competent workforce to achieve the goals of an organization in an effective and efficient manner.

                

According to Invancevich and Glueck, “HRM is concerned with the most effective use of people to achieve organizational and individual goal. It is a way of managing people at work; so that they give their best to the organization.”

A New Mandate for Human Resources –

The efforts to achieve excellence – through a focus on learning, quality, teamwork and re-engineering – are driven by the way organizations get things done and how they treat their people. These are the fundamental HR issues.

HR can help to deliver organizational excellence in the following four ways:

1. HR should become partner with senior and line managers in strategy execution, helping to move planning form the conference room to the market place.
2. It should become an expert in the way work is organized and executed, delivering administrative efficiency to ensure that costs are reduced while quality is maintained.
3. It should become a champion for employees, vigorously representing their concern to senior management and at the same time working to increase employee contribution; that is employees’ commitment to the organization and their ability to deliver results.
4. HR should become an agent of continuous transformation; shaping process and a culture that together improve an organization’s capacity for change.

Why HRM Matters Now More Than Ever –

Regardless of their industry, size, or location, companies today face five critical business challenges. Collectively, these challenges require organizations to build new capabilities. The vacuum is HR’s opportunity to play a leadership role in enabling organizations to meet the following competitive challenges –

1. Globalization - With the rapid expansions of global markets, managers are struggling to balance the paradoxical demand to think globally and act locally. The imperative requires them to move people, ideas, products and information around the world the meet local needs.Globalization requires that organization increase their ability to learn and collaborate and to manage diversity, complexity and ambiguity.
2. Profitability Through Growth – During the past decade, most western companies have been clearing debris, using downsizing, re-engineering  delivering and consolidation to increase efficiency and cut costs.
3. Technology – The challenge for manager is to make sense and good use of what technology offers. Not all technology adds value. But technology can and will affect how and where work get done.
4. Intellectual Capital – Knowledge has become a direct competitive advantage for companies selling ideas and relationships and an indirect competitive advantage for all companies attempting to differentiate themselves by how they service customers.
5. Change, Change and More Change – Perhaps the greatest competitive challenge companies face is adjusting to – indeed, embracing – nonstop change. They must be able to learn rapidly and continuously, innovate ceaselessly, and take on new strategic imperatives faster and more continuously