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Blog 10 - HUMAN RESOURCE MANAGEMENT

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  HUMAN RESOURCE MANAGEMENT Human Resource Management is the process of recruiting, selecting, inducting employees, providing orientation, imparting training and development, evaluating employee performance, deciding compensation and benefits, motivating employees, maintaining proper relations with employees and their trade unions, ensuring employee safety, welfare, and health measures by labor laws of the land, and finally following the Orders / Judgements of the Court. WHY DO WE CALL IT HUMAN RESOURCE MANAGEMENT?     Human:   refers to the skilled workforce in an organization. Resource:   refers to limited availability or scarcity. Management: refers to how to optimize and make the best use of such limited or scarce resources to meet the organization’s goals and objectives. Therefore, human resource management is meant for proper utilization of available skilled workforce and also to make efficient use of existing human resources in the organization.  HRM PROCESS: Sourc
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Blog 9 - PROVIDING JOB SECURITY TO EMPLOYEES

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  PROVIDING JOB SECURITY TO EMPLOYEES What Is Employee Job Security? Job security is something that most people seek in their careers. When we know we'll be able to keep our jobs with relative ease and won't have to worry about numerous hazards that could lead to us losing our jobs, we can concentrate on doing a better job and furthering our careers.   Job security is the assurance that you will have a job in the near future, regardless of external variables. It also suggests that your boss is content with your work and is not in a rush to fire you.  (Bhasin, 2020) Why Is Job Security Important for Employers? Providing consistent, stable jobs to employees can help businesses enhance employee retention, attract top talent (because workers know their jobs are secure), and foster a healthy work environment that encourages people to perform at their best. After all, confident employees may spend less time thinking about their job security or stressing about how they'll pa
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Blog 8 - Employee Training and Development

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  Employee Training and Development Employee Training and Development in HRM is defined as a system used by an organization to improve the skills and performance of the employees. It is an educational tool which consists of information and instructions to make existing skills sharp, introduce new concepts and knowledge to improve the employee performance. An effective training & development initiative based on  training needs analysis   helps the company to enhance the skills of working manpower and improve productivity.   Difference between training and development Employee training and development is an indispensable part of human resource function and management. Both the activities aim at improving the performance and productivity of the employees.  Training  is a program organized by the organization to develop knowledge and skills in the employees as per the requirement of the job. Conversely,  Development  is an organized activity in which the manpower of the organization
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