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Nature of HRM:
1.
HRM involves management functions like planning, organizing,
directing and controlling.
2.
It involves procurement, development, maintenance and
management of human resource.
3.
It helps to achieve individual, organizational and social
objectives.
4.
HRM is a mighty disciplinary subject. It includes the study
of management psychology communication,
economics and sociology.
5.
It involves team spirit and team work.
The scope of HRM refers to all the activities that come under the banner of
HRM. The activities are as follows
1.
Human resources planning:
- Human resource planning is a
process by which the company to identify
the number of jobs vacant, whether the
company has excess staff or shortage of
staff and to deal with this excess or
shortage.
2.
Job analysis design:
- Another important area of HRM
is job analysis. Job analysis gives a
detailed explanation about each and
every job in the company. Based on this
job analysis the company prepares
advertisements.
3.
Recruitment and selection:
- Based on information collected from
job analysis the company prepares
advertisements and publishes them in the
news papers. A number of applications
are received after the advertisement is
published, interviews are conducted and
the right employee is selected thus
recruitment and selection are yet
another important areas of HRM.
4.
Orientation and induction:
- Once the employees have been selected
an induction or orientation program is
conducted. The employees are informed
about the background of the company.
They are told about the organizational
culture and values and work ethics and
introduce to the other employees.
5.
Training and development: - Every employee goes under training program which helps him
to put up a better performance on the
job. Training program is also conducted
for existing staff that have a lot of
experience. This is called refresher
training. Training and development is
one area were the company spends a huge
amount.
6.
Performance appraisal: - Once the employee has put in around 1 year of service, performance
appraisal is conducted i.e. the HR
department checks the performance of the
employee. Based on these appraisal
future promotions, incentives,
increments in salary are decided.
7.
Compensation planning and remuneration: - There are various rules regarding compensation and
other benefits. It is the job of the HR
department to look into remuneration and
compensation planning.
8.
Motivation, welfare, health and safety: - Motivation becomes important to sustain the number of
employees in the company. It is the job
of the HR department to look into the
different methods of motivation. Apart
from this certain health and safety
regulations have to be followed for the
benefits of the employees.
9.
Industrial relations: - Another important area of HRM is maintaining co-ordinal relations with
the union members. This will help the
organization to prevent strikes lockouts
and ensure smooth working in the
company.
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