HRM

Session 1
Topics List

Importance of HR in organizational
management
Challenges in contemporary HRM
Scope of HR
HR Metrics

Importance of HR

Very high cost is involved in HR
HR appreciates over time.
HR is the change facilitator.
It is an important strategic content in the
overall strategic intent.



Challenges of Contemporary HRM
Changing workforce demography
Fast changing workforce expectations
Growing HR costs
Fast changing skill requirements
Talent war
Lean and mean organizations
Declining employee loyalty/ evolving
employee commitment orientations


Scope of HRM


Functional scopes of HRM
Strategic scopes of HRM
Functional Scopes
Human resoruce planning
Job analysis, job evaluation
Staffing
Orientation and integration
Training and Development
Performance Management
Social Security and employee welfare
Compensation management
Labour relations


Strategic Scopes
Workplace SWOT analysis
Employment classifications
Work-force distribution
Internal and external staffing strategies
Identification of HR investment priorities
Developing HR metrics
Outsourcing and third party management
Organizational Knowledge management
Change Management




HR Metrics
Man days
Man hours
Rate of absenteeism
Rate of employee turnover
Cost per employee
Return on Investment per employee
Average time to fill a position
Employee tenure
Yield ratio