HUMAN RESOURCE MANAGEMENT NOTES
Unit Description
This unit covers the principles, functions, and strategic importance of HRM in organizations. It explores key areas such as recruitment, training, performance management, compensation, labor relations, and legal compliance. The unit emphasizes the role of HR in creating a positive workplace culture, fostering employee engagement, and aligning HR strategies with business goals.
Key Topics:
1. Introduction to HRM – Definition, importance, and evolution of HRM.
2. Workforce Planning & Recruitment – Job analysis, hiring strategies, and selection processes.
3. Employee Training & Development – Learning programs, skills enhancement, and career growth.
4. Performance Management – Appraisals, feedback systems, and goal setting.
5. Compensation & Benefits – Salary structures, incentives, and employee welfare.
6. Labor Laws & Ethics – Employment laws, workplace rights, and ethical HR practices.
7. Employee Relations & Engagement – Conflict resolution, motivation strategies, and workplace culture.
8. HR Technology & Trends – Role of AI, HR analytics, and future HRM innovations.
1. INTRODUCTION TO HRM
1.1. Aspects of human resource management
Human Resource Management (HRM) consists of several key aspects that ensure the effective management of an organizations workforce. These aspects include:
1. Recruitment and Selection
Workforce planning
Job analysis and description
Candidate sourcing, screening, and hiring
2. Training and Development
Employee onboarding
Skill enhancement programs
Leadership and career development
3. Performance Management
Setting performance standards
Employee appraisals and feedback
Performance improvement plans
4. Compensation and Benefits
Salary structure and incentives
Employee benefits (healthcare, retirement plans, etc.)
Compensation policies and equity
5. Employee Relations and Engagement
Conflict resolution and grievance handling
Employee motivation and job satisfaction
Organizational culture and work environment
6. Legal and Ethical Compliance
Labor laws and workplace regulations
Ethical policies and corporate social responsibility (CSR)
Diversity, equity, and inclusion (DEI)
7. HR Strategy and Workforce Planning
Aligning HR with business goals
Succession planning and talent management
HR analytics and data-driven decision-makinng