1. Fundamental Principles of Human Resource Management
UNIT 1

2. Human Resource Management
Human Resources : It comprises of the total skills, knowledge, creative ability, aptitude of the work force as well as the attitudes, values, beliefs of individuals involved
Management: The art of getting things done through people, it includes the functions of planning, organizing, directing and controlling the resources in an organization.
Human Resource Management : HRM is managig(planning, organising, directing and controlling)the functions of Employing, Developing and Compensating Human Resources to achieve organisational and individual goals

3. Objectives of HRM:
Personal
Functional
Organizational
Societal

4. …..cont.
Societal:- to be ethically and socially responsible, ensure that the organization contributes back to society through CSR and Corporate Governance
Organizational:- maintain inter department relations, ensure organizational effectiveness, handle the trade unions and maintain industrial peace.
Functional:- Ensure there is the right person for the job, provide function specific training, evaluate the performance of the department
Personal:- assist employees in achieving their personal goals, provide a career path.

5. Functions:- Managerial Functions
Planning:- It is the determination of personnel programmes and changes that will contribute to the organisational goals, it involves planning of Human Resources, requirements, recruitment, selection, training,etc
Organising:- It is essential to carry out the determined course of action, it establishes relationships among the employees so that they can collectively contribute to the attainment of company goals

6. …contd
- Directing:-it deals with motivating, commanding, leading and activating people - Controlling:- It involves checking, verifying and comparing the actuals with the plans, identification of deviations and correcting identified deviations

7. 2. Operative Functions
Employment :-Job Analysis, Human Resource Planning, Recruitment, Selection
Human Resource Development:- Training, Performance Appraisal, Career Planning
Compensation:- Job Evaluation, Wage and Salary Administration, Incentive,Bonus
Human Relations:- Discipline, Industrial Peace and democracy

8. Evolution Of HRM Personnel Administration Personnel Management
Human Resource Management
Human Capital Management
18th Century th Century End of 19th Century st Century

9. Difference Between Personnel Management and Human resource Management
Particular PM
HRM
Nature
Administrative
Wider Scope
Structure
Functions Independently
Aligned with Organization
Approach
Pluralist
Unitarist
Power Distribution
Centralized
Decentralized
Leadership Style
Transactional
Transformational
Communication
Indirect
Direct
Conflict Handling
Manage Temporary Issues
Find out root cause

10. Challenges of HR Manager
Employee Retention
Work Life balance problems
Recruiting the “Right Person for the Right Job”
Trade unions
Maintain a balance between Employees and Management
Managing a Diverse Work Force
Employee Engagement Activities
Change Management
Conflict Management
Succession Planning

11. ….contd Developing work ethics
Managing fast changing technological trends
Training and Development
Aligning the HR department with the Strategic Goals of the Company

12. HR Policy
A set of proposals and actions that act as a reference point for managers in their dealings with employees.
They furnish the general standards or basis on which decisions are reached.

13. Format
Company’s Name: Policy Name: Prepared By: Approved By: Objectives: Contents of Policy:-