Human capital management is a set of practices and processes related to hiring the right people, managing the workforce effectively and improving productivity. What is Human Capital Management (HCM)? Human Capital Management is the set of practices, concepts and processes implemented in organizations to manage productivity and employee satisfaction in the work environment. In any […]
Human resource management (HRM) is elemental for a well-functioning organization. This blog examines some of the essential characteristics of HRM.
Human Resource Management Human resource management is the organizational function that manages all issues related to the people in an organization. That includes but is not limited to compensation, recruitment and hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, policy administration, and training. 1. What is the difference between HR and HRM? […]
Entities of People cannot Survive without Trust Trust is the lubricant that drives organizations, nations, and the global community. Without trust, it is impossible for any entity to perform even at the base level. Considering the fact that all entities are primarily made up of people, it is important for the individuals in any organization, […]
In an organizational context, groupthink and group behavior are important concepts as they determine the cohesiveness and coherence of the organizational culture and organizational communication. For instance, unless the HRD function communicates the policies clearly and cogently, the employees would not participate and comply with them wholeheartedly. Hence, molding group behavior is important for organizations. […]
Some of the reasons for need of human resource management are: 1. For Good Industrial Relations 2. Create Organizational Commitment 3. Meeting with Changing Environment 4. Change in Political Philosophy 5. Enhanced Pressure On Employees and 6. Meeting Research and Development Requirements. Human resource management tries to create a better understanding between management and employees. […]
Any company that wants to achieve great success needs to pay close attention to human capital management. The employees of a company are the biggest asset it has and by keeping that asset strong, the company has the best chance of success. A company that pays little attention to its employees will end up with […]
Human Resources Management seeks to understand and then support how people do their jobs. Just as important, however, is the understanding of the environment in which that work is done; and how it contributes to the over all success of the organization – i.e. organizational effectiveness. The two are certainly inter-related and inter-dependent. The Four […]
Human resource planning is done at various levels for their own purposes by various institutions. There are various levels of human resource planning in an industrial enterprise: 1. National Level: Generally, central government plans for human resources for the entire nation. It anticipates the demand for and supply of human requirements at the national level. […]
There are two major factors therefore which differentiate domestic HRM from IHRM. First, the complexities of operating in different countries (and therefore in different cultures) and secondly, employing different national categories of workers. This suggests that international HRM is concerned with identifying and understanding how MNCs manage their geographically dispersed workforces in order to leverage […]
International Human Resource Management is the procurement, allocation, utilization, and motivation of human resources in international business. IHRM is defined as interaction between the three group of factors-Type of employees, environment of countries, and basic HR processes. The national or country categories involved The three categories of employees Global Human Resource Management The internationalization of […]
A periodic HR audit can qualify its effectiveness within an organization. HR audits may accomplish a variety of objectives, such as ensuring legal compliance; helping maintain or improve a competitive advantage; establishing efficient documentation and technology practices; and identifying strengths and weaknesses in training, communications and other employment practices. Objectives of the Human Resource Audit […]
What is meant by Strategy? Strategy is a multi-dimensional concept going well beyond traditional competitive strategy concepts. Strategies are broad statements that set a direction. Strategies are a specific, measurable, obtainable set of plans carefully developed with involvement by an institution’s stakeholders. These action statements are linked to an individual or individuals who are accountable […]
