- The philosophy, policies, procedures and practices related to the management of people within an organization.
- HRM is a managerial perspective which argues the need to establish an integrated series of personnel policies to support organizational strategy.
” Buchanan and Huczynski ”.
- The purpose of HRM is to ensure that the employees of an organization are used in such a way that the employer obtains the greatest possible benefit from their abilities and the employees obtain bothmaterial and psychological rewards from their work.
(Graham, 1978).
- People (human resources) are the essential resource of all organizations.
- These human resources create organizational innovations and accomplishments.
- Organizational success depends upon careful attention to human resources.
Objectives of HRM
- Recruiting right people with right skills and retaining them.
- Creating a competent workforce.
- Developing people and creating a committed workforce.
- Cost effectiveness.
HRM Activities
Ker result areas of HRM
• HR Planning
• HR policies & procedures (HR Administration)
• Recruitment & selection
• Benefits (including terminal) administration
• Training & Development
• Discipline
• Employee Relations
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