Resource Management The functions of human resource management may be classified as under : . Managerial function - Planning, Organising, Directing, Controlling . Operative function – Procurement, Development, Compensation, Retention, Integration, Maintenance Managerial Functions i. Planning – Planning is deciding in advance what to do, how to do and who is to do it.
It bridges the gap between where we are and where we want to go. It helps in the systematic operation of business. It involves determination objectives, policies, procedures, rules, strategies, programmes and budgets. It ensures maintenance of correct number of employees to carry out activities and also to formulate timely employee policies.
ii. Organising – It includes division of work among employees by assigning each employee their duties, delegation of authority as required and creation of accountability to make employees responsible. iii. Directing – It involves issue of orders and instructions along with supervision, guidance and motivation to get the best out of employees.
This reduces waste of time energy and money and early attainment of organisational objectives. iv. Controlling – It is comparing the actuals with the standards and to check whether activities are going on as per plan and rectify deviations. The control process includes fixing of standards, measuring actual performance, comparing actual with standard laid down, measuring deviations and taking corrective actions.
This is made possible through observation, supervision, reports, records and audit. Operating Functions i. Procurement – Acquisition deals with job analysis, human resource planning, recruitment, selection, placement, transfer and promotion ii. Development – Development includes performance appraisal, training, executive development, career planning and development, organisational development iii.
Compensation – It deals with job evaluation, wage and salary administration, incentives, bonus, fringe benefits and social security schemes iv. Retention – This is made possible through health and safety, welfare, social security, job satisfaction and quality of work life v. Integration – It is concerned with the those activities that aim to bring about reconciliation between personal interest and organisational interest vi. Maintenance – This encourages employees to work with job satisfaction, reducing labour turnover, accounting for human resource and carrying out audit and research.
Key Words Human resource Workforce Management Training Development Contribution System Turnover Conflict 12th Commerce Unit - - . . PM . Planning is a function.
a) selective b) pervasive c) both a and b d) none of the above . Human resource management determines the relationship. a) internal, external b) employer, employee c) Owner, Servant d) Principle, Agent . Labour turnover is the rate at which employees the organisation a) enter b) leave c) Salary d) None of the above Answers: b a b b b II.
Very Short Answer Questions: . What is Human Resource Management ? . State two features of HRM.
. Mention two characteristics of Human Resource. . What are the managerial functions of HRM.
III. Short Answer Questions: . Define the term Human Resource Management. .
What are the characteristics of Human resources ? (any ) . What is the significance of Human resource? (any ) IV.
Long Answer Questions: . Explain the characteristics of Human Resource (any ). . Describe the significance of Human Resource Management (any ).
. Discuss the Operative functions HRM .