Define HRM?
- Walton, while explaining HRM (1985), stresses mutuality between employers and employees. He defines HRM as, “Mutual goals, mutual influence, mutual respect, mutual rewards and mutual responsibility”.
- The theory is that policies of mutuality will elicit commitment which in turn will yield both better economic performance and greater human development.
- Therefore, “HRM is the set of functions and activities that are designed to bring the employees and organisations together, so that goals of both are met”.
HRM is concerned with people dimensions in management.
- Acquiring
- Motivating
- Rewarding
- Developing
- Utilizing
The study of this function should stress that Human Resource management is:
- It is action-oriented
- It is people oriented
- It is globally oriented
- It is future oriented
- It is mission and goal oriented
- The important processes are related to acquisition, maintenance, development and motivation of people to get their commitment, creativity, best effort and cooperation in achieving organizational objectives.
American Society for Training and Development has identified nine human resource areas what constitutes the field of HRM. These are:
- Selection and Staffing
- Training and development
- Compensation, benefits and rewards
- Organization development
- Human Resource planning
- Union Labour Relations
- Personnel Research and Information system
- Employee Assistance, and
- Organisation/Job design
