Earlier
the society was based on an agriculture economy and communities engaged in basic
crafts that were meant essential for livelihood. Later on as people’s needs
became complex, they began working for others to earn money. Many industries
grew day by day giving massive employment opportunities. This paved the way to industrial
revolution. “An
important event in industrial revolution was growth of Labor union (1790), as the
workers working in the industries or factories were subjected to long working
hours and very less wages” (HRdictionary,
2012)
Human Resource Management can be defined as “the process of managing people in organizations in a structured and
thorough manner” (Juneja, 2019).Therefore attracting, managing,
and retaining the right people is essential for organizational success.
Figure
1: Components of HRM
Today
there are some key components in HRM. HR planning forecasts future human
resource needs to ensure that the right people engage in the right work at the
right time. “Recruitment involves activities or practices that define the
desired characteristics of applicants for specific jobs” (Daft, 2006). Selection
involves choosing desired individuals with the best fit from the pool of
applicants through a variety of procedures such as examinations, interviews or
assessment centers. Training & Development facilitates learning and
individual growth. Managers closely supervise, accounts and give unbiased
feedback to employees to give room for self-growth in the performance appraisal
function. Compensation & Benefits include monetary and non-monetary
benefits to employees. As career development measures employees are being
empowered and opportunities are given for continuous learning.
Even
the brightest idea will fail without the right people. This is why good HRM practices are the backbone of any
organization. Changes can happen and HRM is forever changing for the
better.
References
Daft,
R. (2003). Management, 6th
edition, U.S., Thomson learning.
HRdictionary. (2012). Evolution
of Human Resource Management. [online]
Available at:
https://hrdictionaryblog.com/2012/10/28/evolution-of-human-resource-management/comment-page-1/
[Accessed 8 Jun. 2019].
Juneja, P. (2019). Human Resource Management (HRM) - Definition
and Concept. [online] Available at : https://www.managementstudyguide.com/human-resource-management.htm/
[Accessed 8 Jun. 2019].
Nayab, N. (2011). Evolution
of Human Resource Management: The Personnel Management Phase. [online] Bright Hub PM. Available at:
https://www.brighthubpm.com/resource-management/77199-walking-down-the-timeline-of-hr-management-how-has-it-evolved/
[Accessed 8 Jun. 2019].
Within the word limitation rule you have precisely explained how HRM has changed in the past and how it has come to where it is today.New HRM practices has also been touched focusing on the seven components. Thanks for the interpretation.
ReplyDeleteThanks for your thoughts. There is more to be expected in the future too
DeleteNice article friend
ReplyDeleteWhoever practice better HRM with innovative ideas they will succeed in the competitive marketplace
Exactly! Good HR practices provides competitive advantage for any organization. Hence innovative thinking is essential to upgrade existing praactices
DeleteA very good post, we all know that companies worldwide are fighting hard to hire and retain top talent.
ReplyDeleteIn addition to keeping up with the latest trends in technology, businesses today must also plan and implement creative HR ideas or they risk being left behind.
From hiring new employees efficiently, onboarding them enthusiastically, training them strategically and engaging all employees thoughtfully, there are many opportunities to stand out with creative HR practices that top companies around the world have implemented.
HRM has to be proactive and updated with contemporary intelligence in the environment to take timely actions in a given situation.
ReplyDeleteYou have listed four references, but not cited any of them in the main text. You have cited one reference in the main text, but not listed it in the reference. Please make sure to list only cited references.
ReplyDeleteDear Dr. Razi, Thank you for the feedback. I have made necessary changes
DeleteStarted well explaining how the concept of HRM emerge and connecting them with the employee unions and HR departments of organizations. Ended up by explaining the importance of having a sound HRM practices in an organization. Overall, it’s a good article.
ReplyDeleteNicely written article. Like you said attracting, managing, and retaining the right people is essential for organizational success. There fore there should be a well skilled/knowledge HR in the organization.They should capable of adhering new trends/strategies and practices of HRM. Then only a good HRM practices can become the backbone of any organization.
ReplyDelete