H R M Notes

Good Essays
Human Resource Management
What makes Human Resource Management different? Different sub-streams of Human Resource Management
Human resources management originally began as HRM, but today it encompasses many well defined sub-streams of functions that can be listed as under:
(1) Workforce planning
(2) Recruitment
(3) Orientation & skills management
(4) Personnel administration & compensation
(5) Time management
(6) Employee benefits administration & personnel cost planning
(7) Performance appraisal
Each of these sub-streams is a more or less specialized function, yet one can say that HRM itself is more than all of these put together.
The greatest challenge of Human Resource Management.?? Evolution of Human Resource Management
Success of Henry Ford and his Ford Motors in early twentieth century gave rise to the term 'Fordism' consisting of the theory that high corporate profitability can be achieved by high wages to the employees. Even before Ford, Fredrick Winslow Taylor had propagated the 'scientific management theory' or 'Taylorism'. Characteristic of Human Resource Management
HRM relates to managing people at work.
HRM is concerned with employees, both as individuals as well as a group.
HRM is concerned with helping the employees to learn and develop their potentialities to the highest level for their benefits as well as for the benefits of their Organisation.
HRM is inherent in all organisations as all organisations (including industrial and commercial) need manpower for the conduct of their activities.
HRM is a continuous activity/function in an Organisation as personnel problems continue to exist as long as employees are working in an Organisation.
HRM aims as securing willing co-operation of employees for achieving organizational objectives. Functions HR Management are :-
Procurement of manpower :
Training and Development of manpower:
Compensation payment and reward to manpower employed :
Integration

You May Also Find These Documents Helpful

  • Powerful Essays

    H&M STRATEGY

    • 3679 Words
    • 16 Pages

    Mauritz (H&M) is a fast-fashion global leader in the fashion industry. Hence, to have a holistic sustainable development point of view, we will examine and address the Marco-environment by looking at PESTEL analysis framework. The competitive forces within the fashion industry will also be revealed throughout the Porter Five Forces Model. PESTEL ANALYSIS Case Evidence Positive (Opportunities) Neutral Negative (Threats) POLITICAL factors: Critical observation faced from the public on H&M’s overseas…

    • 3679 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    H & R Block

    • 498 Words
    • 2 Pages

    H&R Block's Vision & Mission Statement: H & R block vision is to be the preferred tax and financial partner for each of their customer in every market they serve. Their mission is to help clients achieve their financial objectives by serving as a tax and financial partner. They strive to achieve this by being client focused and building trust with their client. H&R Block lays emphasis on providing high quality service to exceed their client’s expectation. Yes H & R block current mission and vision…

    • 498 Words
    • 2 Pages
    Good Essays
  • Better Essays

    H&M Analysis

    • 3296 Words
    • 14 Pages

    1. Question 1 Evaluate the external environment in which H & M operates in. 1.1. PESTEL Analysis 1.1.1. Political As companies begin to expand globally, it needs to understand the laws of each country. Since each country regulations are different, its needs to take special consideration before entering and investing into a new market in order to prevent violating any of them. This is especially true when regulations involving imports and exports are affected. While the restrictions of goods…

    • 3296 Words
    • 14 Pages
    Better Essays
  • Powerful Essays

    H&M marketing

    • 2062 Words
    • 9 Pages

    other organizational function such as R&D and production. The concept of the marketing is to achieve corporate goals through meeting and exceeding customer needs and expectations better than the competition. Marketing tries to create customer value with the aim at long term satisfaction. Based on its understanding of customer, a company develops its marketing mix. Marketing creation of customer interest and retention of customers if this can be done at a profit. H&M spends a hefty 4 percent of revenue…

    • 2062 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Zara and H&M

    • 4554 Words
    • 19 Pages

    H&M & Z A R A Date: 24/10 2008 Table of contents Introduction p. 3 Zara Company presentation p. 3 Generic strategies p. 3 & 4 Growth strategies p. 4 & 5 Pest analysis p. 5 & 6 Value chain p. 6 & 7 SWOT analysis p. 7 & 8 Price / quality Grid p. 8 H&M Company presentation p. 9 Generic strategies p. 9 Growth strategies p. 10 PEST analysis p. 10 & 11 Value chain p. 11 & 12 SWOT analysis p. 12 Zara…

    • 4554 Words
    • 19 Pages
    Powerful Essays
  • Best Essays

    H&M CSR

    • 2507 Words
    • 11 Pages

    H&M is one of the largest fashion companies in the world that designs and sells men’s, women’s, and children’s clothing, as well as homeware and accessories. It began as a Swedish women’s wear store in 1947 and has evolved into five brands, encompassing about 2,800 stores in 48 countries on four continents, and employing over 94,000 people worldwide1. H&M strives to produce increasingly sustainable fashion while making it accessible and affordable to individuals all around the globe by pursuing…

    • 2507 Words
    • 11 Pages
    Best Essays
  • Powerful Essays

    H&M market

    • 1648 Words
    • 7 Pages

    Positioning H&M (Hennes & Mauritz AB) is the world second largest retail-clothing company. It was founded in 1947 in Sweden. In recent years, it has expanded rapidly, about 3,000 branch stores existing over 50 countries which include in Asia, Europe and America. As a “fast fashion” clothing company, H&M’s business concept is offering latest popular design and good quality at the best price. The H&M Group offers fashion from the H&M, COS, Monki, Weekday, Cheap Monday, & Other Stories and H&M Home brands…

    • 1648 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    H&M Cae

    • 599 Words
    • 3 Pages

    Products range they deal in H&M brand deals in: • Assecories • Suitning for women& men • High volume fashion basics for men&women • Swimwear • Nightwear • Underwear • Ladies Footwear • Cosmetics • Childrenwear • Children apparel 2. Identify Customers (Consumers) H&M brand’s customers are: • Men • Women • Teenagers • Children 3. Identify Means of Competition (Why will consumer buy the products??) H&M retail stores have products that are High Fashionable & Quality at low prices. H&M has advanced technology…

    • 599 Words
    • 3 Pages
    Powerful Essays
  • Powerful Essays

    H&M Analysis

    • 1216 Words
    • 5 Pages

    AB (H&M). We will analyse on it using PESTEL, Porter’s Five Forces and SWOT to get a clear concept of what H&M is today and where it can go. This positioning will be helpful in strategy designing. Company activities H&M was established in Västerås, Sweden in 1947 by Erling Persson. We now sell clothes and cosmetics in around 2.200 stores around the world. * H&M offers fashion and quality at the best price * H&M offers fashion for women, men,teenagers and children. * H&M also…

    • 1216 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    H&M - Burberry

    • 765 Words
    • 4 Pages

    Problem 4: H&M and Burberry’s non-current assets Question 1 (a) Ratio of land, buildings and equipment to sales H&M: (420+222+7134) / 78346 = 9.9% Burberry: (58.2+99.2) / 995.4 = 15.8% (b) Ratio of depreciation to sales H&M: (14+1750) / 78346 = 2.25% Burberry: (1.9+27)/ 995.4 = 2.9% The above ratios can be used to measure the efficiency of a firm’s investment policy. Burberry has a higher land, buildings and equipment to sales ratio as well as a higher depreciation to sales ratio.…

    • 765 Words
    • 4 Pages
    Satisfactory Essays