UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

S - Strength
W - Weaknesses
O - Opportunity
T - Threat
HRM contributes to the choice of strategy by providing strength and weakness of
human resources. The threat is also exposed and opportunity is provided by training and
development.
Self-Assessment Questions (SAQS):
1. Explain the objectives of HRM.
2. Explain the scope and functions of HRM.
3. State the differences between personnel Management and HRM.
4. What is role of HRM in strategic management?
Summary
The main objective of HRM is ensuring the availability of right people for right
jobs so as to achieve organizational objectives effectively.
HRM has many objectives such as i) societal objectives ii) organizational
objectives iii) functional objectives and (iv) personal objectives. The various sub
functions border on legal compliance, benefits, smooth union-management relationship,
Human Resource planning, Selection, training and development, appraisal, placement,
assessment, appraisal, placement, and compensation.
Though personnel management and HRM in general parlance are interchangeably
used there are subtle differences. PM is a routine maintenance oriented administrative
function whereas HRM places emphasis on a continuous development of people at work.
PM takes a narrow view of its scope and objectives. It concentrates mainly on improving
the efficiency of personnel in isolation of the organization. But HRM takes a systems
view and attempts not only in making people efficient but also in creating proper
organizational culture. HRM is being used to develop competitive advantages and
therefore its role in strategic management is the continuous process of relating the
organization with its environment by suitable course of action involving strategy
formulation and its implementation.
Answer Key: