Nature of Human Resource Management
Human Resource Management also known as HRM is an official term used to talk about the formal system designed for the people within an organization.
There are three major areas where the responsibilities of an HRM are Staffing, Employee Compensation & Benefits, and organizing the work
The important purpose of HRM is to look after the productivity of an organization by optimizing of its employees.
If properly channelized, HRM is capable of finding a solution to social and material problems faced by humans. HRM builds more competent and committed workforce and promises a right work culture in an organization.
Due to lack of work support, interest and sincerity in an organization, problems get created for implementing the Human Resource Development Practices.
The problems that hinder the effectiveness of human resources development are poverty, pollution explosion, illiteracy, sexual discrimination etc.
In order to make Human resource development problems effective, the government should take all possible steps to overpower the social problems using systematic process.
Human Resource Development can be best attained in an organization by developing skills, motivating the people for good performances within an organization and by boosting their energy.
There are few basic functions of Human Resource Management. Like; motivation, development, training and inception. Human resource planning falls under human resource management.
Human Resource Planning depends on the individual organization and the types of jobs it contains.
Human Resource Development: HRD is the idea through which employees improve and develop their personal as well as the organizational skills, abilities and understanding.
Human Resource management: HRM defines the formal system designed within an organization for the management of people.
Human Resource Planning: HRP is a process that defines current and future needs of human resources for an organization to attain its goal. Human Resource planning is like a link in between human resource management and the entire plan of an organization.
Human Resource Practices in Information Technology Industry
Service industry’s responsibility is to provide customer satisfaction by providing them with time and quality service. These days the value of human resources is better understood than ever before.
Every company practices some rules and regulations to run the organization in a proper mannered way. Some of the best practices are: The Non-segregated approach to organizational and technical changes in an organization, introducing a strategical approach to change, considering the way of working as per the job designed.
Technology and education are said to be the foundation for the whole of the economy.
Floyd Kemske listed 10 HR practices which are especially applicable to the IT sector. These practices are listed under 6 different heads.
IT work requires a lot of flexibility and adaptation by the IT person.
IT skills are one of the requirements. It’s a must for an IT person to stay engaged in continuous learning to avoid technical issues.
IT role in an organization stands the second most important challenge. IT sector is usually not appreciated much by other departments.
IT companies often face the bench time challenge which also known as non-billable time.
Knowledge Management: The process of generating, sharing, using and handling the knowledge and information in or of an organization. Making the best use of knowledge in achieving organizational objectives is also refers to Knowledge management.
Compensation: The term refers to giving money as a reward to the employs to make them feel motivated and keep going.