According to HRM Exam, “Strategic human resource management (HRM) is the process of linking the human resource function with the strategic objectives of the organization in order to improve performance.” Adopting an HR strategy that is concerned with the organization’s larger mission and goals has multiple advantages and benefits for the company. Helps Evaluate HR […]
Improving employee productivity is a constant goal across the entire company. Highly productive workers can help a company achieve higher levels of profit while less productive employees can drag the company down. Productivity levels can affect whether a company sinks or swims in the market. Low workforce productivity can be caused by a variety of […]
Staffing and Recruiting during the Boom Years One of the key areas that the HRM unit works with is the staffing function. Hiring and on boarding of employees’ remains a critical activity that many HR managers are yet to master. This is mainly because of the unevenness of the demand and supply in the market […]
The Changing Role of the HR Function 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 organizational […]
Strategic Human Resource Management (SHRM) is the deliberate integration of human resource policies with an organization’s long-term objectives. Rather than treating HR as a support function, SHRM positions it as a strategic partner, ensuring that HR initiatives are designed to advance core business goals. In essence, SHRM aligns workforce planning, talent management, and organizational culture […]
Human Resource Planning (HRP) is the process of forecasting the future human resource requirements of the organization and determining as to how the existing human resource capacity of the organization can be utilized to fulfill these requirements. It, thus, focuses on the basic economic concept of demand and supply in context to the human resource […]
Human resources are undoubtedly the key resources in an organization, the easiest and the most difficult to manage! The objectives of the HRM span right from the manpower needs assessment to management and retention of the same. To this effect Human resource management is responsible for effective designing and implementation of various policies, procedures and […]
Nature of HRM The scope of HRM refers to all the activities that come under the banner of HRM. The activities are as follows Human Resource Planning Human resource planning helps an organization identify its current and future workforce needs. It involves determining the number of positions available, assessing whether there is an excess or […]
Human Resource Management Human Resource Management is a function within an organization which focuses mainly on the recruitment of, management of, and providing guidelines to the manpower in a company. It is a function of the company or organization which deals with concerns that are related to the staff of the company in terms of […]
The primary objective of HRM is to ensure the availability of competent and willing workforce for an organization. Beyond this, there are other objectives too. Specifically, HRM objectives are four fold: Societal, Organization, Functional and personal. Personal Objectives: To assist Employees in achieving their personal goals, at least in so far as these goals enhance […]
Human Resource Management (HRM) is an operation in companies designed to maximize employee performance in order to meet the employer’s strategic goals and objectives. More precisely, HRM focuses on management of people within companies, emphasizing on policies and systems. In short, HRM is the process of recruiting, selecting employees, providing proper orientation and induction, imparting […]
Firing an employee can be a very difficult decision for an employer or manager to face. Getting fired is one of the most stressful things that can happen in a person’s life, so catalyzing this event can weigh on a person’s conscience. However, firing can sometimes be necessary to maintain the health of an organization […]
Capital alludes to the company’s wealth in the form of money or assets, that can be utilized for commencing a business or investing in a running business, to generate more money. It can be of two types physical capital or human capital. The physical capital implies the capital which is tangible in nature, such as […]
