What are the misconceptions of HRM?
HRM human resource management is responsible for hiring/ selection of employees, their training to provide organization with skilled labor for higher profits. HRM also ensures the protection of their employees both physically and morally.
Structural reforms in India, particularly those initiated in the early 1990s, aimed to liberalize the economy, enhance efficiency, and promote competitiveness. These reforms have significant implications for Human Resource Management (HRM), including a shift towards more flexible employment practices, an emphasis on skill development, and the need for strategic alignment between HR practices and organizational goals. Additionally, the focus on globalization necessitates a diverse workforce and a more dynamic approach to talent acquisition and retention. Overall, HRM must adapt to a rapidly changing economic landscape, prioritizing innovation and responsiveness to market demands.
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The HRM function is constantly changing so as to handle the various challenges in the job market. This initially started out as a clerical function by has now become an integral part of strategic planning for any organization.
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The HR specialisation in an MBA covers subjects that deal with hiring, managing, paying and developing people. Exact names change from one university to another, but most programs include the following. Core HR subjects Human Resource Management: the basics of HR functions and policies Recruitment and Selection: job analysis, sourcing, interviews and hiring decisions Training and Development: skill gaps, training design and measuring results Performance Management: goal setting, appraisals and feedback systems Compensation and Benefits Management: salary structures, incentives and employee benefits Industrial Relations: dealing with unions, disputes and workplace relationships Labour Laws: wages, working conditions, provident fund, gratuity and related rules Organisational Behaviour: how individuals and groups behave at work Advanced and elective subjects HR Analytics: using data to track attrition, hiring speed and employee performance Talent Management and Succession Planning: growing future leaders Organisational Development and Change Management: helping a company adapt to change Strategic HRM: linking HR plans to business goals Employee Engagement and Retention: keeping good people longer International HRM: managing people across countries and cultures Leadership and Team Building: developing managers and leaders HR Information Systems (HRIS): software for payroll, records and hiring General management subjects (common to all MBA students) Marketing, Finance, Operations and Business Statistics Business Communication Business Ethics Research Methods How it is usually organised Year 1: general management subjects plus basic HR Year 2: HR electives, a specialised project and an internship A tip for students: Subjects like labour law and HR analytics are the hardest to learn from books alone. Try case studies, role plays and live projects alongside your course. They make interviews much easier. Disclosure: I work with Gloud Academy in Tirunelveli, which runs a 6-Day HR Challenge with practical sessions on recruitment, employee handling and AI tools for HR. Happy to share details if you’re interested.
HR strategy - vision and mission - Business strategy HR strategy - Internal context - External context
the relationship between human resource and material resource
strategic hr is the process of making long term plans for your business
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Uses IT as the central component of delivering efficient and effective HR services
Uses IT as the central component of delivering efficient and effective HR services
The major HRM activities include HR planning, job analysis, job design, employee hiring, employee and executive remuneration, employee motivation, employee maintenance, industrial relations and prospects of HRM.
HR sub-systems are specific modules or functions within a larger HR system that cater to specific needs such as payroll, recruitment, performance management, benefits administration, etc. These sub-systems work together to streamline HR processes, improve efficiency, and enhance overall organizational effectiveness.
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HR plans typically focus on the short-term operational aspects of managing human resources, such as staffing needs, training programs, and employee performance management. In contrast, HRM strategic plans take a broader, long-term perspective, aligning HR practices with the overall business strategy to enhance organizational performance and adapt to future challenges. While HR plans are more tactical and reactive, strategic HRM involves proactive planning to support the organization's vision and goals.