MGT501 Highlighted Handouts by Masters

Human Resource Management MGT501

Table of Contents:

Page no. Lesson 1 Lesson 2 Lesson 3 Organization and Components of Organization ……………………… Lesson 4 People and Their Behavior …………………………………………… Lesson 5 Individual VS. Group Behavior ………………………………………. Lesson 6 Personnel Management to Human Resource Management …………… Lesson 7 HRM in a Changing Environment …………………………………… Lesson 8 Work Place Diversity …………………………………………………. Lesson 9 Functions and Environment of HRM ………………………………… Lesson 10 Line and Staff Aspects of HRM ……………………………………… Lesson 11 Legal Context of HR Decisions ……………………………………… Lesson 12 Human Resource Planning (HRP) ……………………………………. Lesson 13 Strategic Planning and HRIS ………………………………………….. Lesson 14 Lesson 15 Job Analysis (Continued) …………………………………………….. Lesson 16 Job Analysis (Continued) …………………………………………….. Lesson 17 Sources of Recruitment ………………………………………………. Lesson 18 Selection ……………………………………………………………… Lesson 19 Lesson 20 Lesson 21 Lesson 22 Training and Development …………………………………………… Lesson 23 Lesson 24 Lesson 25 Performance …………………………………………………………. Lesson 26 Lesson 27 Lesson 28 Lesson 29 Benefits ………………………………………………………………. Lesson 30 Role of Money in Performance of Employees ………………………... Lesson 31 Lesson 32 Occupation, Health & Safety ………………………………………… Lesson 33 Lesson 34 Lesson 35 Trade Unions …………………………………………………………. Lesson 36 Lesson 37 Power and Politics ……………………………………………………. Lesson 38 Employee Rights and Discipline ……………………………………… Lesson 39 Discipline (Continued) ……………………………………………….. Lesson 40 Lesson 41 Revision (Lesson 12-21) ……………………………………………… Lesson 42 Revision (Lesson 22-26) .……………………………………………… Lesson 43 Revision (Lesson 27-35) ……………………………………………… Lesson 44 International Dimensions of HRM …………………………………… Lesson 45

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his subject/course is designed to teach the basic principles of Human Resource Management (HRM) to diverse audience/students, including those who are studying this as a supporting subject for their bachelor degree program. This course is designed to provide you the foundations of HRM whether you intend to work in HRM or not, most of these elements will affect you at some point in your career. Either you will be working with some organizations or having people working for you, in both cases you will be dealing with people. To be understandable and lively means that we need to communicate you. We start every chapter with learning objectives. The most important thing you will get out of this course are the basic skills required to succeed in today’s environment which are, you must be able to communicate, think creatively, plan effectively and deal with people. T

MGT - 501

Lesson 1

Describe HRM?

Explain why are we concerned about HRM?

Discuss Road-map of HRM

This chapter introduces the students with the basic concepts of the human resource management (HRM). During the lecture, we will be discussing the three main things, i.e. the introduction to HRM, the importance of HRM, and a brief discussion of the topics that will follow today’s lecture.

A basic concept of management states that manager works in organizations. Organization has three basic components, People, Purpose, and Structure. HRM is the study of activates regarding people working in an organization. It is a managerial function that tries to match an organization’s needs to the skills and abilities of its employees. Let’s see what is meant by the three key terms… human, resource, and management. Human (Homo-sapiens – Social Animal) Resources (Human, Physical, Financial, Technical, Informational etc) Management (Function of Planning, Organizing, Leading & Controlling of organizational resources to accomplish goals efficiently and effectively)

Basic functions that all managers perform: planning, organizing, staffing, leading, and controlling. HR management involves the policies and practices needed to carry out the staffing (or people) function of

HRM department regardless of the organization’s size must perform following human resource management functions… Staffing (HR planning, recruitment and selection) Human resource development Compensation and benefits Safety and health Employee and labor relations Records maintaining, etc. HR research (providing a HR information base, designing and implementing employee communication system). Interrelationship of HR functions.

A. What is human resource management?

As we said that HRM is the management of people working in an organization, it is a subject related to human. For simplicity, we can say that it is the management of humans or people. HRM is a managerial function that tries to match an organization’s needs to the skills and abilities of its employees. Human Resource Management is responsible for how people are managed in the organizations. It is responsible for bringing people in organization helping them perform their work, compensating them for their work and solving problems that arise.

Resource · HRM · Human