Hrm and its importance

In this article, we discuss the reasons for organizations to have a HRM strategy as well as the business drivers that make the strategy imperative for organizational success. It is from this motivation to be at the top of the pack that HRM becomes a valuable tool for management to ensure success.

Hrm and its importance

History[ edit ] Antecedent theoretical developments[ edit ] The Human Resources field evolved first in 18th century in Europe. It built on a simple idea by Robert Owen and Charles Babbage during the industrial revolution. These men concluded that people were crucial to the success of an organization.

They expressed the thought that the well-being of employees led to perfect work; without healthy workers, the organization would not survive. Taylor explored what he termed "scientific management" others later referred to "Taylorism"striving to improve economic efficiency in manufacturing jobs.

He eventually focused on one of the principal inputs into the manufacturing process—labor—sparking inquiry[ by whom?

Hrm and its importance

This movement, on both sides of the Atlantic, built on the research of Elton Mayo and others to document through the Hawthorne studies — and other studies how stimuli, unrelated to financial compensation and working conditions, could yield more productive workers.

Roosevelt and the New Deal had transformed the employer-employee relationship, and the discipline became formalized as " industrial and labor relations ".

Corporations began viewing employees as assets. Likewise, other terms sometimes used to describe the field include "organizational management", "manpower management", "talent management", "personnel management", and simply "people management".

In Hrm and its importance media[ edit ] Several popular media productions have depicted human resource management in operation. Business function[ edit ] Dave Ulrich lists the functions of HR as: HR also ensures compliance with employment and labor lawswhich differ by geography, and often oversees health, safety, and security.

In circumstances where employees desire and are legally authorized to hold a collective bargaining agreementHR will typically also serve as the company's primary liaison with the employee's representatives usually a labor union. Consequently, HR, usually through representatives, engages in lobbying efforts with governmental agencies e.

Human Resource Management has four basic functions: Staffing is the recruitment and selection of potential employees, done through interviewing, applications, networking, etc. Training and development is the next step in a continuous process of training and developing competent and adapted employees.

Here, motivation is seen as key to keeping employees highly productive. This function can include employee benefits, performance appraisals and rewards. The last function of maintenance involves keeping the employees' commitment and loyalty to the organization.

Some businesses globalize and form more diverse teams. HR departments have the role of making sure that these teams can function and that people can communicate across cultures and across borders. The discipline may also engage in mobility management, especially for expatriates ; and it is frequently involved in the merger and acquisition process.

HR is generally viewed as a support function to the business, helping to minimize costs and reduce risk. In larger companies, an entire functional group is typically dedicated to the discipline, with staff specializing in various HR tasks and functional leadership engaging in strategic decision-making across the business.

To train practitioners for the professioninstitutions of higher education, professional associationsand companies have established programs of study dedicated explicitly to the duties of the function.

Academic and practitioner organizations may produce field-specific publications. Careers[ edit ] There are half a million HR practitioners in the United States and millions more worldwide.

Generalists support employees directly with their questions, grievances, and work on a range of projects within the organization. They "may handle all aspects of human resources work, and thus require an extensive range of knowledge.

The responsibilities of human resources generalists can vary widely, depending on their employer's needs. Some practitioners will spend an entire career as either a generalist or a specialist while others will obtain experiences from each and choose a path later.

The position of HR Manager has been chosen as one of the best jobs in the USA, with a 4 ranking by CNN Money in and a 20 ranking by the same organization indue to its pay, personal satisfaction, job security, future growth, and benefit to society. Many professors conduct research on topics that fall within the HR domain, such as financial compensationrecruitmentand training.Of all the support functions, the HRM (Human Resource Management) function is a critical component of any organization.

Apart from finance, which serves as the lifeblood of the organizational support functions, the HRM function more than any other support function, has the task of ensuring that the. MBA Project Reports.

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Following are the important concepts of Human Resource Management: Importance of HRM. Scope of HRM. Various Processes in HRM. What is Human Resource Planning? The HRM Function. Functions of a Human Resource Manager.

Staffing Role of the HR . Importance of HRM for Organizational Success We have discussed the basic concept of HRM and the ways in which it helps the organization meet its goals. In this article, we discuss the reasons for organizations to have a HRM strategy as well as the business drivers that make the strategy imperative for organizational success.

SIGNIFICANCE OF HUMAN RESOURCE MANAGEMENT IN ORGANIZATIONS: LINKING GLOBAL PRACTICES WITH responsibilities, functions, behaviors and importance of employee.

Hence the significance of HRM in organization is marvel. Previously not much attention had been given to manage Human resource management is the part of the organization that is.

International Journal of Academic Research in Accounting, Finance and Management Sciences –.

HRM Dissertations | HRM Dissertation Topics | Human Resource Management