HRM + Module 1A
HRM + Module 1A
HRM + Module 1A
Module Number: 01
• Procuring Human Capital: Job Analysis, Importance and Process, Job description, Job Specification;
Human Resource Planning, Importance and Process; Recruitment (Attraction)- Sources; Selection- Method,
Types of Interviews, Types of Tests and Validity; Orientation & Socialization of employees.
• Describe the scope, functions and recent trends in Human Resource Management.
The people an organization employs to carry out various jobs, tasks, and functions in
exchange for wages, salaries, and other rewards.
What Is Human Resource Management (HRM) ?
• The comprehensive set of managerial activities and tasks concerned with developing
and maintaining a qualified workforce—human resources—in ways that contribute to
organizational effectiveness.
• Organization of HRM
• Strategic HRM
• Employment
• Development
• Wage and Salary Administration
• Motivation
• Industrial Relations
• Participative Management
Functions of HRM
• Planning – involves establishing goals and standards; developing rules and
procedures; developing plans and forecasts.
• Organizing – involves giving each subordinate a specific task; establishing
departments; delegating authority to subordinates; establishing channels of authority
and communication; coordinating the work of subordinates.
• Staffing – involves determining what type of people should be hired; recruiting
prospective employees; selecting employees; setting performance standards;
compensating employees; evaluating performance; counseling employees; training
and developing employees.
• Leading – involves getting others to get the job done; maintaining morale,
motivating subordinates.
• Controlling – involves setting standards such as sales quotas, quality standards, or
production levels; checking to see how actual performance compares with these
standards; taking corrective action as needed.
Functions of HRM contd..
These concepts and techniques include the following:
1. Conducting job analyses (determining the nature of each employee’s job).
2. Planning labor needs and recruiting job candidates.
3. Selecting job candidates.
4. Orienting and training new employees.
5. Managing wages and salaries (compensating employees).
6. Providing incentives and benefits.
7. Appraising performance.
8. Communicating (interviewing, counseling, disciplining).
9. Training employees, and developing managers.
10. Building employee relations and engagement.
In addition, what a manager should know about:
11. Equal opportunity and affirmative action.
12. Employee health and safety.
13. Handling grievances and labor relations
David Ulrich Model of Modern HRM
• Ulrich in 1995 prioritized these Four business critical roles of HR.
Employee
Business Partner
Advocate
Change
Admin Expert
Champion
• In HR, RPA uses various cases to involve automating the simplest, most repetitive
administrative and clerical tasks at a keystroke.
• HR processes that can be simplified are employee payroll, new hire recruitment
and on boarding, accounts receivable and payable, invoice processing, inventory
management, report creation etc.
Role of Social media in HRM
Social Media:
• According to research 95% employers use social media such as Linked, Twitter etc for
recruitment.
• It creates powerful brand that can boost employee morale, help retention, build credibility etc.
• HR uses this two way communication channel to engage employees, collaborate, react and make
themselves visible to the others.
Role of Machine Learning in HRM
• Machine Learning (ML) is a subset of computer science and AI and uses algorithms and statistical
models that learns and adapts with limited human interference.
• It uses data to analyze and interpret like the way humans do.
• Companies use ML to narrow down search to find relevant candidate for interview. Using
algorithms and data, ML helps HR to get best fit for a job.
• Metaverse can be termed as immersive alternate / virtual world where individuals are replaced by
digital avatars and can meet each other irrespective of geographical locations.
• The metaverse, for example, can be used to gamify team building engagements and social
interactions.
• Metaverse helps assessing a candidate’s ability to solve a problem with a code/debug a code,
figure out a technical glitch in a process at a junior/ mid-junior level or participate in senior level.