Introduction to Human Resource Management
ICSE · Class 12 · Business Studies
Complete topic list for Introduction to Human Resource Management in ICSE Class 12 Business Studies. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Introduction to Human Resource Management
Meaning and Definitions of HRM
- Human resources are the aggregate of knowledge, skills, creative abilities, talents, and aptitudes of people working in an organisation.
- Human resource is the total knowledge, abilities, skills, talents, and aptitudes of an organisation's workforce.
- HRM is concerned with people at work and their relationships within the organisation.
Characteristics of Human Resource Management
- People-oriented: HRM is concerned with employees as individuals and as groups.
- Comprehensive function: HRM covers all types of people at all levels in the organisation.
- Staff function: HRM is advisory in nature and supports operating departments on human resource matters.
Importance of Human Resource Management
- HRM helps an enterprise attract and retain talent through HR planning, recruitment, selection, placement, orientation, compensation, and promotion policies.
- HRM develops necessary skills and right attitudes through training, development, and performance appraisal.
- HRM secures willing cooperation of employees through motivation, participation, and grievance handling.
HRM as Central Subsystem and Competitive Advantage
- HRM is the central subsystem of an organisation.
- It interacts closely and continuously with all other subsystems.
- The four connected subsystems are Finance, Technical, Marketing, and Material.
Key Concepts
Central concept: Human Resource Management as the management of people at work, their relationships, and their contribution to organisational goals
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