The acquisition function begins with planning, estimation of demand and supplies of labor, the recruitment, selection and socialization of employees. The first definition of human resource management is that it is a process that will manage people in a company in a defined and structured way. It is interesting to look at the word management and divide it into “MANAGE MENT-T”. (c) Objectives of society are duly considered and served. Definition of strategic human resource management by various authors Kaplan and Hurd (2002) define that strategic human resource management is a collection of tasks and processes shared jointly by line managers and human resources to solve business issues based on people. Human capital consists of intellectual capital, social capital and emotional capital. An organization cannot exist without human resources. Human resource management is often referred as personnel management. TCS places emphasis on the human resources function in the organization, investing a substantial percentage of its annual revenues in training. Find the answers you need in these books. 4. HRM is a process that consists of four functions – acquiring, developing, motivating and retaining human resources. This philosophy is nurtured well in an organization like ICICI Prudential India. Survival and success of an organization require efficient and competent managers and workers coordinating their efforts towards the ultimate goal of the organization. There is an explicit link between managing human resource and success of administrative or management strategy. Its objective is the maintenance of better human relations in the organization by the development, application and evaluation of policies, procedures and programmes relating to HR to optimize their contribution towards the realization of organizational objectives. The acquisition function is concerned with estimating demands and supplies of labour force as well as recruiting, selecting and socializing employees. Snell and Bohlander- HRM is the process of managing human talent to achieve an organization’s objectives. Organisations with strong human resource practices create more satisfied employees, who in turn, work harder to satisfy customers. It not only talks of functions like acquisition, training, appraisal and compensation but also of ‘human orientation’ by giving emphasis to human relations and health and safety of human resources. Organizations have been becoming complex over the past few years due to the fast-changing business environment and growing uncertainty. vi. Each individual is unique with his own physical and psychological traits. Human Resource Management (HRM) may be defined as a set of policies, practices and programmes designed to maximise both personal and organisational goals. Edwin Flippo defines HRM as- “planning, organizing, directing, controlling of procurement, development, compensation, integration, maintenance and separation of human resources to the end that individual, organizational and social objectives are accomplished”, According to French Wendell- “Personnel management is a major component of the broader managerial function and has roots and branches extending throughout and beyond each organization. It is human resource management which gets the people in the organisation and enables them to acquire the much needed capability and motivate them to achieve the organisational goals. The organizations that are able to acquire, develop, stimulate and keep outstanding workers will be both effective and efficient. Human resource management is a systematic process of managing people working in the organization. The development function has three dimensions – employee training, management and career development. Since every organization is made up of people, obtaining their services, developing their skill, motivating them to high level of performance and ensuring that they continue to put in best of their efforts and commitment to the organization are quite essential for achieving the organizational objectives. This attention comes from the realization that an organization’s employees enable an organization to achieve its goals, and the management of these resources is critical to an organization’s success. 3. Uploader Agreement. In this article we will discuss about the various definitions of human resource management given by institution, management thinkers, authors, philosophers and experts. These needs may be physiological, social and psychological. Human resource management is seen as a process consisting of four functions of acquisition, development, motivation and maintenance of human resources. The human resources approach is based on a number of principles, some of which are as follows: (i) Human resource as an asset – Employees are assets to an organization. In the opinion of Blunt, HRM is the discipline, which concerned with the human side of the enterprise was largely regarded as covering moribund house-keeping operational activities. Share Your PDF File In short, human resource management system is more dynamic that the traditional concepts. They have the power to make or break the organization. It is concerned with employees and employer relationship as well as the expectations of the society as a whole. It can be said that although all the line managers and team leaders play a pivotal role in managing an organization, the HR specialists play a vital role in shaping the overall strategy of an organization as well as acting as “Internal Consultants” for the organization. The way an organisation utilizes its resources determines the success of an organisation further, it depends upon the quality of people of the organisation. According to Edwin B. Flippo, “Human resource management is the planning; organising, directing and controlling of procurement, development, compensation, integration, maintenance and separation of human resource to the end that individual and societal objectives are accomplished.”, French Wendell states, “Personnel or human resource management is the recruitment, selection, development, utilisation, compensation and movement of the human resources by the organisation.”, According to Michael J. Jucious, Human resource management is that field of management which has to do with planning, organising and controlling the functions of procuring, developing, maintaining and utilising a labour force such that the-. According to Pulapa Subba Rao, “human resources management (HRM) is managing (planning, organising, directing and controlling) the functions of employing, developing, compensating and utilising human resources, resulting in the creation and development of human and industrial relations which would shape the future policies and practices of human resource management, with a view to … As such in the long run only those organisations success which have people of quality with them. Human resource management is concerned with the management of people at work. (b) Objectives of all levels of personnel are served to the highest possible degree. If they are treated well, they are willing to go that extra mile and bring in additional customers as well. This is so because people offer competitive advantage to a firm and managing people is the domain of HRM. Human resources are the most important assets of a company. Human Resource Management (HRM) is the governance of an organization’s employees. 3. Philips- According to Rama Chandra, MD, Philips India, “Human resource department is the centre of competency”. Learn about the definitions of human resource management propounded by various authors, management thinkers and institutions. Strategic Human Resource Management in the Era of Environmental Disruptions. ii. A strategic thrust embodying decisions about people management. If the word “tactfully” is substituted for “T”, the word “management” would read “MANAGE MEN TACTFULLY”. HR also concerns itself with organizational change and industrial relations, that is, the balancing of organizational practices with requirements arising from collective bargaining and from governmental laws. Utilization – In this philosophy, individuals are generally selected with attention to technical skills although personal characteristics are still important. Human resource management seeks to improve the productive contributions of people. Different authors discuss HRM in various viewpoints. Prohibited Content 3. It is more concerned about the contribution of the human resource strategies towards the effective running of the organization. Personnel specialists or senior managers were appointed to look into matters related to personnel policies and separate departments called personnel departments were created. “Human resource management is that part of management which is concerned with people at work and with their relationship within an enterprise. For instance, from national point of view this human resource refers as the knowledge, skill, creative abilities, talent and aptitudes obtained in the population. A systematic empirical study was carried out with regard to Human Resource Management (HRM) and Employee Happiness owing to little research done, contextual gap and intellectual curiosity of authors. Every individual working in the organization has his own set of complex needs, values, and intentions. It must be treated as a system. This proper process is applied in achieving the functions of personnel administration like procuring, developing, maintaining and utilizing human beings. Thus, the word itself indicates the most important aspect of management that is managing human beings in a tactful manner. Welcome to EconomicsDiscussion.net! When we study HRM, it is necessary to know its relation with traditional management. Further, HRM can also be defined as managing (planning, organizing, directing, and controlling) the functions of employing, developing and compensating human resources resulting in the creation and development of human relations with a view to contributing proportionately to the organizational, individual and social goals. And turn them into super-heroes of the corporate world. You hire people. The management of human resources philosophies is the basis on which policies and practices guiding an organization’s behavior can be developed and implemented. It involves taking decisions and their execution for the effective management of people for the accomplishment of organisational objectives and also for the satisfaction of the needs and aspirations of people. Family relationships, religious influences, racial or caste backgrounds, educational accomplishments, the application of technological innovations, and many other environmental influences affect the individual as he works. It refers to the practices and policies related to management of people. This human resource is having different meaning from the different viewpoints. Most of the primary surveys which have been conducted in this field compared the financial performance of the firm with the human resource activities that they indulge into. This applies to all types of organizations whether government, business, education, health, recreation or social action. It is through the combined efforts of the people that monetary and material resources are utilized for organizational objectives. Among the factors of production, human resource is the important factor. W. G. Scott, Clothier, R. C and Spriegel W. R. “Human Resource Management may be defined as the field of management which has to do with planning, organizing and controlling the functions of procuring, developing, maintaining and utilizing a labour force, such that the – (a) objectives for which the company is established are attained economically and effectively; (b) objectives of all levels of human resources are served to the highest possible degree and (c) objectives of society are duly coincided and served”. Since every organization is made up of people, acquiring their services, developing their skills, motivating them to high levels of performance, and ensuring that they continue to maintain their commitment to the organization are essential to achieving organizational objectives.”, Definitions of Human Resource Management – Quotable Definitions of Human Resource Management, Definitions of Human Resource Management – W, ith Three Cs of Human Resource Management. Human Resource Management is a broader subject area in the management context. Human resources are also identified by other terms like ‘personnel’, ‘people at work’ ‘human assets’ and ‘human capital’. ), the size of business organizations, and change in the Government’s attitude towards labour management and business. Decisions made must influence the effectiveness of organisation, which results in betterment of product/services rendered. Human resource management (HRM) is defined as the process of managing people in organisations. iv. Human resource management treats the people as human beings having economic, social and psychological needs. And you need to move closer to their hearts. Many Management experts have defied this Human Resource Management in different ways. Treat them with respect. Since every organization is made up of people, acquiring their services, developing their skills, motivating them to higher levels of performance and ensuring that they continue to maintain their commitment to the organization is essential to achieve organisational objectives. Strategy implementation cannot be done by physical resources such as – technology, buildings, machines, and materials. Give them the jobs that they are capable of delivering results. Human resource management is a managerial process of acquiring and engaging the required workforce, appropriate for the job and concerned with developing, maintenance and utilization of work force. An organization requires management of many inputs like man, money, material etc. The development is a continual effort to match long-term individual and organizational needs. Orienting and training new employees. Thus, HRM refers to a set of programmes, functions and activities designed and carried out with a view to maximizing both employee and organizational effectiveness. They differ widely also as members of groups and are subject to many and varied influences. vii. The major emphasis has, however, been on staffing, skill-development and training, compensation, performance appraisal and incentives, welfare amenities and employee relations. Human Resource Management (HRM) - Definition and Concept We often hear the term Human Resource Management, Employee Relations and Personnel Management used in the popular press as well as by Industry experts. The personnel, manpower, human resources or people at work of an organisation consist of all individuals engaged in the various organisational activities, regardless of levels. iii. The principal focus is on talent acquisition and talent retention. Thus, French considers personnel management as concerned with the proper utilisation of human resources in the organisation. “HRM is a series of integrated decisions that form the employment relationships; their quality contributes to the ability of the organizations and the employees to achieve their objectives.”, “HRM is concerned with the people dimensions in management. Share Your PPT File, by Different Authors, Management Thinkers and Various Institutions, Human Resource Management Definitions – According to Famous Management Thinkers like French Wendell, Gary Dessler, Story and, “Human Resource Management is the recruitment, selection, development, utilisation of and accommodation to human resources by organisations.”, “Human Resource Management is the process of acquiring, training, appraising, and compensating employees, and attending to their labour relations, health, safety and fairness concerns.”, Human Resource Management Definitions – Propounded by, Edwin B. Flippo, Decenzo and Robbins, Pulapa Subba Rao and, National Institute of Personal Management of India. Share Your Word File John Storey has specified four elements of HRM as follows: 2. The true strength of any organization is its manpower and a good manpower is the result of a good HR team. HRM refers to the philosophy, policies, procedures and practices related to the management of people within the organisation. It is all about people at work, both as individuals and in groups. In this article, employees are sometimes referred to as human capital. Inspire them to do well. Thus, human resource management is essentially concerned with any activity relating to human element or human relations in the organization. Its objectives is the maintenance of those relationships and as a basis which, by consideration of the wellbeing of the individual, enables those engaged in the undertaking to make their best personal contribution to the effective working of that enterprise. Disclaimer Copyright, Share Your Knowledge To effectively manage these processes, human resources systems are planned, developed, and implemented through the combined efforts of all managers and human resources specialists- and frequently all employees-in an organization. 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