Thursday, 19 March 2020

Understanding the Nature and Scope of Human Resource Management

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Understanding the Nature and Scope of Human Resource Management


? HRM is defined as the art of procuring, developing and maintaining competent workforce
to achieve the goals of an organisation in an effective and efficient manner.
? HRM is responsible for the people dimension of the organisation. It is a pervasive force,
action-oriented, individually-oriented, development-oriented, future-focused, and
integrative in nature and is a comprehensive function.
? HRM policies are guides to actions. They serve as roadmaps for managers on a number of
issues such as recruitment, selection and promotion. They cover almost all functions of
personnel management. HRM policies have relation with other fields also.


Competitive Advantage: It is an ability of an organization to perform activities exceptionally
well (availing profitable opportunities and thereby maximizing returns on investment) and
gaining an edge over rivals when competing.
HRM: A process of bringing people and organisations together so that the goals of each one is
met, effectively and efficiently.
HRM Policies: A set of proposals and actions that act as a reference point for managers in their
dealings with employees.
Line Managers: They are authorized to direct the work of subordinates-they're always someone's
boss.
Management: The process of efficiently achieving the objectives of the organisation with and
through people.
Personnel Management: It is that part of management which is concerned with people at work
and with the relationships within an enterprise. It applies not only to industry and commerce
but to all fields of employment.
Principles: The word principle means, the fundamental truth or law as basis of reasoning or
actions.
Productivity: The ratio of an organization's outputs to its inputs.
Staff Managers: They are authorized to assist and advise line managers in accomplishing these
basic goals.
Strategic Human Resource Management: The linking of HRM with strategic goals and objectives
in order to improve business performance and develop organizational cultures that foster
innovation and flexibility

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