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Human Resource Management: Concept Nature Need Advantages
Human Resource Management: Concept Nature Need Advantages
MANAGEMENT
Definition
Concept
the 3 Ps = People Processes & Performance
Nature
Need
Advantages
HRM –A Flowchart
Culture
building
Leadership Competency
Team building mapping
HRM
Manpower
PMS
Planning
Compensation Recruitment
structuring induction
HR PLANNING
DEFINITION
KEY ASPECTS
PLANNED PROCESS
CONTINOUS PROCESS
Analysis
of current
HR planning
stocks, Demand Supply Resource
And
Flows forecast forecast gap
development
And
utilization
FORECASTING
Demand forecasting
Turnover index
% wastage =
((No. of exits in a yr) / (Ave no. during yr))*100
Stability index
% stability =
((No. of employees with at least one yr of service) / ( No.
of employees employed one yr ago))* 100
Survival Curve
30
25
Percentage leaving
20
15
10
0
6 months 12 months 18 months 24 months 30 months 36 months
Time
Job Analysis Process
Strategy
Structure
Jobs
Decide
target population
Fine tune
and
Decide method agree job description
JDQs
Interviews
Repertory grid
Obtain Write
etc Verify
job information job description
Influences on job content
Orgnl
abilities
Orgnl Individual
structure abilities
Job
content
Other Managerial
jobs attitudes
Colleagues
Components of capable
organization
Strategic execution
Core competencies
Staffing the orgn Structuring orgn
Competitiveness
Competence/
Capability Processes
Strong mgmt team
development and
Retention of talented
as per strategy activities leading
personnel
Updating HRIS to decision making
as per
conditions and
strategic changes
HRP - Factors
Org
Growth
cycle
Type and
& planning
strategy Environmental
of org uncertainties
HRP
Time
Outsourcing
horizons
Type
& quality Nature of
of forecasting recruitment
information
Techniques of demand
forecasting
Ratio Trend Regression
Mgmt judgment
analysis analysis
HR demand
forecast
Others
HR planning & analysis
•Organization chart
HRIS
•Staffing projections HR development
•Skill inventories •Training needs, analysis
•Turnover analysis •Training profiles
•Absenteeism analysis •Succession planning
•Restructuring, Costing •Career interest & experience
•Job description and fit
Compensation benefits
•Pay structures
•Wage / salary costing
•Flexible benefit
•Benefit usage analysis raining profiles Staffing
•Succession planning •Recruitment sources
•Career interest & experience •Applications tracking
•Job offers & refusal analysis
Techniques of demand
forecasting
Ratio Trend Regression
Mgmt judgment
analysis analysis
HR demand
forecast
Others