HRM OBJECTIVES:
1.To achieve the objectives
2.to reduce the costs and effectively functioning of the organization.
3.to create a competitive advantage.
4.to training the employees and to reduce wastage of resources.
5.to focus on efficiency.
CHARACTERISTICS OF HRM:
1.it is concerned with individuals teams and groups for achieving goals.
2.to development of HR
3.it covers all levels of management.
4.it is continuous process.
5.HRM is a responsibility of all line and staff managers.
6.HRM integrates with other department activities.
SIGNIFICANCE OF HRM:
1. It plays a crucial role in the country economic growth and more
significant in efficiency and committed manpower.
2. Human resources can convert traditional economics to modern
economies.
HRM IS A SYSTEM:
It is a system and consists of other sub systems in an organization.
HRM FUNCTIONS:
1.MANAGERIAL FUNCTION
2.OPERATIONAL FUNCTIONS:
Job analysis, job trotation, job description job specification,
performance appraisal.
EXTERNAL:
1.MICRO LEVEL:
Customer, supplier, share holder, employees channel member, creditors
and other stake holders.
2.MACRO LEVEL
PEST and cultural factors etc..,
The above factor influence the HRM activities.
The companies like MNC and TNC companies are successfully using the HRM
practices. To compete with competitors in the market.