Human Resource Management : Human Resource Management Rashpinder Kaur(770) Jyoti(722) Jagtar Singh(718) MCA-2 nd (A) Sr.Lect. Jasmine Saini What is Human Resources: What is Human Resources Human resources is the set of individuals who make up the workforce of an organization, business sector or an economy. Other terms sometimes used include "manpower", "talent", "labor", and simply "people". PowerPoint Presentation: Human resource management (HRM, or simply HR) HR is the management of an organization's workforce, or human resources. It is responsible for the attraction, selection, training, assessment, and rewarding of employees and ensuring compliance with employment and labor laws. Function of Human Resource Management Attraction( Employ Brand) Selection( Recruitment ) Training and development Assessment(Performance appraisal) Rewarding( Remuneration ) PowerPoint Presentation: Employ Brand(Attraction) Employ Brand defines employer brand as “the image of your organization as a ‘great place to work’". Employer brand was first used in the early 1990s to denote an organization's reputation as an employer. It maintain balance of the rewards and benefits that are received by employees in return for their performance at the workplace . PowerPoint Presentation: Selection(Recruitment) Recruitment refers to the process of attracting, screening, and selecting a qualified person for a job. All companies in any industry can benefit from contingency or retain professional recruiters or outsourcing the process to recruitment agencies The recruitment industry has six basic types of firms Traditional agency Headhunters Niche recruiters Social recruiting Employee referral In-house recruitment PowerPoint Presentation: Headhunters They may arrange a meeting or a formal interview between their client and the candidate and will usually prepare the candidate for the interview, help negotiate the salary and conduct Headhunters are typically small operations that make high margins on candidate placements (sometimes more than 30% of the candidate’s annual compensation). Traditional agency Also known as employment agencies, recruitment agencies have historically had a physical location. A candidate visits a local branch for a short interview and an assessment before being taken onto the agency’s books. Suitable candidates are short-listed and put forward for an interview with potential employers on a contract or direct basis. PowerPoint Presentation: Employee referral A employee referral program is a system where existing employees recommend prospective candidates for the job offered, and if the suggested candidate is hired, the employee who referred receives a cash bonus. Niche recruiters ‘Specialized recruiters' exist to seek staff with a very narrow specialty. Because of their focus, these firms can very often produce superior results due to their ability to channel all of their resources into networking for a very specific skill set Social recruiting Social recruiting is the use of social media for recruiting There are several terms used interchangeably including social hiring, social recruitment and social media recruitment Social media includes web-based and mobile technologies used to turn communication into interactive dialogue PowerPoint Presentation: In-house recruitment In addition to coordinating with the agencies mentioned above, in-house recruiters may advertise job vacancies on their own websites, coordinate internal employee referrals, work with external associations, trade groups and/or focus on campus graduate recruitment. PowerPoint Presentation: Training and development In the field of human resource management, training and development is the field which is concerned with organizational activity aimed at bettering the performance of individuals and groups in organizational settings. PowerPoint Presentation: Performance appraisal() Performance appraisal is an analysis of an employee's successes failures personal strengths weaknesses, suitability promotion further training. Methods Management by objectives 360-degree appraisal Behavioral observation scale Behaviorally anchored rating scales PowerPoint Presentation: Remuneration(Rewarding) Remuneration is the pay or compensation that one receives for a service. In terms of a standard job, remuneration is typically the wage or salary, but also includes tips or bonuses. PowerPoint Presentation: Advantage 1. It provides scope for advancement and development of employees through training, development etc. 2. It helps to satisfy the individual needs of the employees for the promotions transfers, salary enhancement, better benefits etc. 3. It helps in anticipating the cost of salary, benefits and all the cost of human resources facilitating the formulation of budgets in a society. 4. It helps to foresee the need for redundancy and plans to check of human resources and to change the techniques of management. PowerPoint Presentation: Advantage 5. It helps in planning for physical facilities, working conditions, the volume of fringe benefits like canteen, schools, hospitals, conveyance, child care centers, quarters, company stores etc. 6. It causes the development of various sources of human resources to meet the organizational needs. 7. It helps to take steps to improve human resource contributions in the form of increased productivity, sales, turnover etc. 8. It facilitates the control of all functions, operations, contribution and cost of human resources.