1.Human Resource Management in a Global Context

 1. Human Resource Management

Figure 1: HRM

1.1. What is Human Resource Management?

HRM is the study of activities regarding people working in an organization. It is a managerial function that tries to match an organization’s needs to the skills and abilities of its employees

Definitions of HRM 

HRM is a management function concerned with hiring, motivating, and maintaining people in an organization. It focuses on people in organizations. That is designing management systems to ensure this human talent is used effectively and efficiently to accomplish organizational goals (Edward B. Philippo, 1985). 

According to Invancevich and Glueck,(1989) “HRM is concerned with the most effective use of people to achieve organizational and individual goals. It is the way of managing people at work so that they give their best to the organization”.

According to Dessler, (2008), the policies and practices involved in carrying out the “people” or human resource aspects of a management position, including recruiting, screening, training, rewarding, and appraising comprise HRM.

Nature of HRM

HRM is a management function that helps managers to recruit, select, train, and develop members for an organization. HRM is concerned with people’s dimensions in organizations. 

The following constitute the core of HRM.

• HRM Involves the Application of Management Functions and Principles.
• Decision Relating to Employees must be Integrated.
• Decisions Made Influence the Effectiveness of an Organization.
• HRM Functions are not Confined to Business Establishments Only

Youtube-Nature of HRM

Scope of HRM 

Figure 2: Major scop of HRM

Objectives of HRM & Functions

Table 1: HRM objectives & functions

Role of HRM

According to Dave Ulrich,(2015), HR has four key roles. 

1. Strategic Partner Role-turning strategy into results by building organizations that create value; 

2. Change Agent Role- making change happen, and in particular, helping it happen fast 

3. Employees Champion Role—managing the talent or the intellectual capital within a firm 

4. Administrative Role—trying to get things to happen better, faster, and cheaper. 

HRM in the New Millennium

• HR Can Help in Dispensing Organizational Excellence
• Human Resource Should be a Strategy Partner
• HR Accountability Should be Fixed to Ensure Employee Commitment
• The New HR Must Become a Change Agent
• Improving the Quality of HR
• Change in Employment Practices
• Benchmarking Tool Must be Mastered by HR Professionals
• Aligning Human Resources to Better Meet Strategic Objectives
• Promote From Within and Invest in Employees
• Review the Recruitment and Selection Process
• Communicate Mission and Vision
• Use Teams to Achieve Synergy

Youtube-New Millenium of HRM

In conclusion

Organizations nowadays must better align their people resources to achieve their strategic goals. Time, effort, and money are squandered if this isn't done. Reviewing recruiting and selection procedures increases the likelihood that an organization will achieve this alignment with business objectives.
fit, convey the objective and vision statements, use collaborative goal-setting, create a suitable reward structure, empower employees, foster internal promotion, and leverage teams to create synergy.
The management function known as human resource management assists managers in organizing, recruiting, choosing, developing, training, compensating, and retaining employees. The four aims of HRM are personal, organizational, functional, and societal development. An organization needs clear procedures, established policies, and well-defined principles.

References

Edwin B. Flippo

McGraw-Hill, 1980 - Business & Economics 

[Accessed March 2024]

John M. Ivancevich, William F. Glueck

McGraw-Hill Higher Education, 1989 - Business & Economics

[Accessed March 2024] 

Dessler, G. (2008) Human Resource Management.

YOUTUBE-Nature of HRM 

[Accessed March 2024]

Available at: https://www.drnishikantjha.com/booksCollection/hrm-basic-notes.pdf

[Accessed March 2024] 

David Ulrich-2015

-most influential thinker of the decade by HR Magazine in 2015.

Youtube-New Millenium of HRM 

[Accessed March 2024]