Preview

HUMAN RESOURCE MANAGEMENT PRACTICES IN SQUARE PHARMACEUTICALS

Powerful Essays
Open Document
Open Document
4723 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
HUMAN RESOURCE MANAGEMENT PRACTICES IN SQUARE PHARMACEUTICALS
HUMAN RESOURCE MANAGEMENT PRACTICES IN SQUARE PHARMACEUTICALS

Introduction
1. Human Resource Management (HRM) involves all management decisions and practices that directly affect or influence the people, or human resources, who work for the organization.
In recent years increased attention has been devoted to how organizations manage human resource. This increased attention comes from the realizations that an organization’s employees enable organizations to achieve its goals, and the management of this human resource is critical to an organization’s success. The presence of human being is no new invention but identifying them as resource in a more formal way has been made in recent days. The history of HRM can be characterized as moving through four broad phases as craft system, scientific management system, the human resource relation approach, and the current organizational science such as human resource approach.

2. The training in craft skills was organized to maintain an educate supply of craft workers and started in Egypt and Babylon from the earliest times. By the 13th century craft training become popular in Western Europe. Craft guilds supervised quality and methods of production and regulated conditions of employment for each occupation. The basis of scientific management is that there is one best way to do a job. The best way will be the most efficient and therefore the fastest and least expensive. The founder of this new field of scientific management was an American mechanical engineer, Fredrick W. Taylor (1856 – 1915). The discovery of the Hawthorne, an western electric’s plant in Chicago effect led to further research on the social factors associated with work. Results of this studies led to the human relations movement with its emphasis on the fact that employees need to be understood in order to be satisfied and productive. Finally the organizational science approach focuses more on the total organization and less on just the

You May Also Find These Documents Helpful

  • Powerful Essays

    Hr Man 3301 Syllabus

    • 3918 Words
    • 16 Pages

    What is Human Resource Management (HRM)? HRM could be described as the performance of all functions within an organization dealing with personnel-related actions such as the recruiting, managing, training and developing of individuals working within an organization. It also includes providing direction for the people who work in the organization and ensuring organizational compliance with applicable state and federal employment laws. HRM offers insights in a world characterized by rapid change, globalization, and diversity, while providing guidance for managers in creating an ethically healthy work environment.…

    • 3918 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    Human Resources Management (HRM) is the method of using human resources to perform organizational objectives. The lacking effectiveness in human resources management will function improperly in organizations even though there are efficient financial capital, labour, information technology and other resources. HRM covers comprehensive aspects of managing…

    • 1704 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human Resource Management can also be performed by line managers (Heathfield, S. M.).…

    • 626 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Human Resource Management (HRM) is defined as the process of managing human talents to achieve an organization’s objectives. Human resource departments play an important role in areas such as staffing, employee relations and legal compliance within organizations.…

    • 299 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Nowadays, we often hear a word: HRM. It’s short for the human resource management. In our group’s opinion, the human resource management is the process of hiring and developing employees so that they become more valuable to organization. HRM includes conducting job analyses, planning personnel needs, recruiting, managing salaries, providing benefits and incentives, and so on.…

    • 3244 Words
    • 13 Pages
    Best Essays
  • Best Essays

    Human Resource Management

    • 2266 Words
    • 10 Pages

    Human resource management is the strategic and coherent approach to the management of an organization’s most valued assets – the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms “human resource management” (HRM) and “human resources” (HR) have largely replaced the term “personnel management” as a description of the processes involved in managing people in organizations.…

    • 2266 Words
    • 10 Pages
    Best Essays
  • Best Essays

    Hard and Soft Models of Hrm

    • 2821 Words
    • 12 Pages

    Human resource management (HRM) is the strategic and coherent approach to the management of an organization 's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resources" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations. In simple words, HRM means employing people, developing their capacities, utilizing, maintaining and compensating their services in tune with the job and organizational requirement.…

    • 2821 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Hrm Essay

    • 1650 Words
    • 7 Pages

    Human Resource Management (HRM) has always played a part in contributing to the success of the company either directly or indirectly. Like other areas of management, HRM is involves in setting policies, formulating plans and trying to make decisions for the benefit of both the company and the staffs. Above all this, the driving force that drives the success of the company is its people. They provide the company with the competitive edge and are the most valuable asset to the company. It is therefore important for HRM to assist the company to effectively and efficiently manage its human resources and having activities that would complement and promote business growth.…

    • 1650 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Human resource management (HRM) is a strategic and coherent approach to the management of an organization’s most valued assets: the people working there who individually and collectively contribute to the achievement of its…

    • 5666 Words
    • 23 Pages
    Powerful Essays
  • Powerful Essays

    Human Resource Management (HRM) is a subset of the study of management that focuses on how to attract, hire, train, motivate and maintain employees. Strong employees become a source of competitive advantage in a global environment facing change in a complex ways at a rapid pace.…

    • 2599 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Business Studies HR Notes

    • 5612 Words
    • 24 Pages

    Human resource management -The process of managing staff within an organisation. It focuses on the relationship between the employer and the employee.…

    • 5612 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    Mba 1st Sem Answers Hrm

    • 7331 Words
    • 30 Pages

    The Scientific Management approach was a key part of the industrial revolution typical of the nineteenth and early twentieth century. It was instilled in the principles of mass production and organization of work – simple work skills and supervisory/managerial skills. This rapidly emerged as the assembly line approach to managing workflow, which later Fredrick Taylor (1856-1915) pioneered based on the philosophy…

    • 7331 Words
    • 30 Pages
    Good Essays
  • Good Essays

    With the advent of resource centric organizations in recent decades, it has become imperative to put “people first” as well as secure management objectives of maximizing the ROI (Return on Investment) on the resources. This has led to the development of the modern HRM function which is primarily concerned with ensuring the fulfillment of management objectives and at the same time ensuring that the needs of the resources are taken care of. In this way, HRM differs from personnel management not only in its broader scope but also in the way in which its mission is defined. HRM goes beyond the administrative tasks of personnel management and encompasses a broad vision of how management would like the resources to contribute to the success of the organization.…

    • 1037 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Human Resources Management (HRM) is the strategic management of the employees, who individually and collectively contribute to the achievement of the strategic objectives of the organization. Assuming that the employees of an organization are individuals with own mental maps and perceptions, own goals and own personalities, own capabilities HRM holds that the organization should be able to employ both individual and group psychology in order to commit employees to the achievement of organizational goals.…

    • 623 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Hrm & Its Functions Notes

    • 266 Words
    • 2 Pages

    HR Management (HRM) involves all management decisions and practices that directly affect or influence the people or Human Resources who work for the organization. The Scope of HRM is wide and far-reaching & it is classified as 1) HRM in Personnel management 2)HRM in employee welfare 3) HRM in Industrial relations.…

    • 266 Words
    • 2 Pages
    Satisfactory Essays