Defining Human Resource Management ‘HRM includes anything and everything associated with the management of employment relationships in the firm. We do not associate HRM solely with a high commitment model of labour management or with any particular ideology or style of management’ (Boxall and Purcell, 2008) ‘Human Resource Management is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques’ (Storey, 2007) What is Human Resource Management (HRM?) Meaning of Human Resource Management is to select, develop, motivate and maintain the employees in the organisation. It first selects the right staff (i.e. managers and employees). It trains and develops them so that they are the right fit in the organisation. It motivates them by giving them recognition and rewards by providing them with the best working conditions. Human Resource Management is directly linked with the "people" of the organisation. It is mainly people oriented process. This states that, its main function is to manage people. Functions/Scopes of Human Resource Management Human Resource Planning Is a process in which the company identifies the number of job vacancies in the organisation or whether the organisation as extra staff and how to deal about it. Job Analysis It is the most important part of HRM, because it gives the detailed explanation about every job in the organisation which is used to prepare the job description which is in indeed used for advertisement. Recruitment and Selection Based on the advertisement given the organisation receives number of application through which the right candidate is selected for the job role. Thus recruitment and section play an important part in HRM. Orientation and Induction Once the employees have been selected an induction or orientation program is conducted. This is another important area of HRM. The employees are informed about the background of the company, explained about the organizational culture and values and work ethics and introduced to the other employees. Training and Development Every employee goes under training program which helps him to put up a better performance on the job. Training program is also conducted for existing staff that have a lot of experience. This is called refresher training. Training and development is one area where the company spends a huge amount. Performance Appraisal Once the employee has put in around 1 year of service, performance appraisal is conducted that is the HR department checks the performance of the employee. Based on these appraisal future promotions, incentives, increments in salary are decided. Motivation, Welfare, Health and Safety Motivation becomes important to sustain the number of employees in the company. It is the job of the HR department to look into the different methods of motivation. Apart from this certain health and safety regulations have to be followed for the benefits of the employees. This is also handled by the HR department.
Industrial Relations Another important area of HRM is maintaining co-ordinal relations with the union members. This will help the organization to prevent strikes lockouts and ensure smooth working in the company.
Emerging Trends in HRM Human resource management, if we see it from definition perspective “it is a process of bringing people and organizations together so that the goals of each others are met”. The trends in human resource industry are dynamic in nature which contributes towards to achievement of organization goals. Over the years, highly skilled and knowledge based jobs have increased while low skilled jobs are decreasing. This calls for skill mapping through proper HRM initiatives. Some of the recent changes are as follows: • The