Let us understand it by dividing the term into its subparts. It is responsible for bringing people in organization helping them perform their work, compensating them for their work and solving problems that arise. Human Resource Management is responsible for how people are managed in the organizations. HRM is a managerial function that tries to match an organization s needs to the skills and abilities of its employees. For simplicity, we can say that it is the management of humans or people. Human (Homo-sapiens Social Animal) Resources (Human, Physical, Financial, Technical, Informational etc) 5Ĥ Management (Function of Planning, Organizing, Leading & Controlling of organizational resources to accomplish goals efficiently and effectively) What is HRM? As discussed earlier that HRM is the management of people working in an organization, it is a subject related to human. Let s see what is meant by the three key terms human, resource, and management. It is a managerial function that tries to match an organization s needs to the skills and abilities of its employees. HRM is the study of activates regarding people working in an organization. Organization has three basic components, People, Purpose, and Structure. A basic concept of management states that manager works in organizations. the introduction to HRM, the importance of HRM, and functions of HRM. In this unit we will be discussing the three main things, i.e. Managing Human Resources by Ramaswamy, E., Publisher: Oxford University Press, New Delhiģ INTRODUCTION TO HUMAN RESOURCE MANAGEMENT Structure 1.1 Introduction What is HRM? Evolution of Human Resource Management Human Resource Management: Nature Human Resource Management: Scope Human Resource Management: Objectives 1.2 Functions of HRM 1.3 Growing Importance of HRM Functions Factors Contributing to the Growing Importance of HRM 1.4 Concepts and Essential of Management 1.5 Concept of HRD 1.6 HRD Strategies 1.7 Key Responsibilities of HR Manager 1.8 Environmental Factors of HRM 1.9 Challenges to HRM 1.10 Review Questions 1.1 INTRODUCTION This unit introduces the students with the basic concepts of the Human Resource Management (HRM). Human Resource Management-Text & Cases, by Rao, V.S.P, Publisher: Excel Books, New Delhi. Human Resource Management by Aswthappa, Publisher: TMH, New.Delhi 3. Human Resource Management by Dessler, Gary, Publisher: Pearson Education Asia, New Delhi. Performance Appraisal Introduction Methods of Performance Appraisal 360 Degree Feedback Problems in Performance Appraisal Potential Appraisal: Steps of Potential Appraisal Case Study: Performance Appraisal Systems in Indian Banks. Compensation Introduction: Meaning, Objectives of Compensation Components of Compensation System Compensation Management Process Factors of Determining Pay Rates Pay Incentives Employee Benefits and Services Case Study: Comparing Industry Trends in Pay Rates such as FMCG. Training and Development Orientation Training and Development the Steps in Training Process Career and Succession Planning: Career Stages, Career Development, Career Management Succession Planning Case Discussion on Succession Planning. Job Specification, Methods of Collecting Job Analysis Information Role of Recruitment and Selection: Situational Factors in Recruitment, Recruitment Policy, External and Internal Sources of Recruiting and its Merits and Demerits, Selection Process and its Types, Structured Interview Guide. Job Analysis: Recruitment and Selection Job Analysis: 6 Steps, Job Description vs. Emerging Trends in HRM Outsourcing and its HR Dimensions Human Resource Planning and Downsizing: Voluntary Redundancy and Ways of Downsizing Processing Importance of Bench Marking Case Study: Bench Marking VRS Practices and Compensation Management. Concepts and Process of Human Resource Planning Human Resource Planning: Importance, Process, Barriers Strategic Planning Human Resource Information Systems (HRIS) Forecasting Demands: Forecasting Supply Man Power Forecasting. 2 Subject: ADVANCED HUMAN RESOURCE MANAGEMENT SYLLABUS Credits: 4 Introduction to Human Resource Management Introduction: Nature, Philosophy, Need, Objectives and Evolution of Human Resources Management HRM Functions HRD Concept HRD Strategy HR Responsibilities Environmental Factors of HRM: Environmental Factors, Challenges to HRM.