What is Human Resource Management (HRM).
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 complex ways at a rapid pace. As part of an organization. HRM must be prepared to deal with the effects of these changes. This means understanding the implications of globalization, technology changes, workforce diversity i, labor shortage, changing skill requirements, continuous improvement initiatives, the contingent workforce, decentralized work sites, compny mergers, offshore sourcing of goods and services, and employee involvement. Let s look at it is important to know that how these changes are affecting HRM goals and practices in organizations functioning in a global environment.
The primary reponsibilites associated with human resource management include.
. Job analysis and staffing
. Organization and utilization of work force
. Measurement and appraisal of work formance
. Implementation of the reward systems of employees
. Professional development of workers
. And maintenance of work force
. HR is responsible for researching an organization s training needs.
Contemporary issues and challenges in HRM.
In the modern world HR management is also facing many challenges, because globalization can be seen in modern business environment Employees from different cultures are working under one roof. Boundary less legal implications are also increasing day by day. Ethical practices are also an important component of modern business environment. Another important point is technological changes in manufacturing and service industry.
Understanding culture Environment.
As part of the rapidly changing environment, organizational members face the globalization of business. Organizations are no longer constrained by national borders in producing goods and services. BMW, a German owned firm, build cars in South Carolina. Similarly McDonald’s sells hamburgers in China, and general Electric expects to receive 60% of its revenue growth from developing countries in the next ten years.