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Old June 16th, 2017, 03:01 PM
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Default Re: MBA Human Resource Management Notes

As you are looking for notes of 1st semester MBA Human Resource Management Program, so here I am providing important notes:

MBA Human Resource Management Important Notes

Chapter 1

Human Resource Management: An Introduction and Scope
Q. What is Human Resource Management?
Ans. Human Resource Management (HRM) is the process of managing people in organizations in a structured and thorough manner. This covers the fields of staffing (hiring people), retention of people, pay and perks setting and management, performance management, change management and taking care of exits from the company.
Importance of Human Factor:
1.Output will be greater than the input
2.Each individual is different from culture, education, environment, background etc
3. We can‟t purchase the loyalty, dedication, devotion towards the organization.
4.Time passes human factor can bring experience to organization to accept the challenges
5. Recent developments like legislation, trade unions enhanced their importance. Apart from above factors there are certain other factors that one should consider in the management of human resource such as:

Q. Discuss the nature and scope of HRM?
Ans. 1. Organizations are the people who manage.
2. HRM involves acquisitioning, developing, maintaining
3. Decisions relating to employees must be integrated.
4. Decisions made must influence the effectiveness of an organization.
5. HRM functions are confirmed to Non-business organization also

Q. What is the significance of Human Resource Development(HRD)?
Ans. Human resource development (HRD) is an essential component for growth and economic development. It can occur at both the nationwide level and the firm-wide level. The need & importance of HRD can be measured from the following points:

Growth of organization: Growth of organization is associated with the development of its workforce. In changing situation HRD must be viewed as the total system interrelated and interacting with other systems at work: production, finance, and marketing.

Development of work culture : The need of HRD is felt as it improves the efficiency of employees, checks monotony at work, better communication, development of mutual cooperation and creativity of all the members comes into limelight.

Developing potentialities: The focus of HRD manager essentially is on enabling people to self-actualize through a systematic approach by which their existing talents are further developed.

Growth of employees: HRD is associated with growth of employees. It helps employees to know their strengths and weaknesses and enable them to improve their performance. The management should provide adequate opportunity for the development of human resource management for the development of their talents so that their development will benefits the organizational growth.

Country Develops if The Human Resource is Developed:
To enhance economic development the state constructs roads, buildings bridges, dams, power houses, hospitals, etc. to run these units doctors, engineers, scientist, teachers, are required. So if the state invests in a human resource it pays dividend in response

Entrepreneurship Increase:
Education, clean environment, good health, investment on the human resource, will all have its positive effects. Job opportunities would be created in the country. And even business environment will flourish in the state which creates many job opportunities.

Q. What is Human Resources planning and also explain its components?
Ans. E.W Vetter viewed human resources planning as “a process by which an organization should move from its current manpower position to its desired manpower position. Through planning management strives to have the right number and right kind of people at the right places at the right time, doing things which result in both the organization and the individual receiving maximum long-run benefit”.
According to Leon C Megginson human resources planning is an integrated approach to performing the planning aspects of the personnel function in order to have a sufficient supply of adequately developed and motivated people to perform the duties and tasks required to meet organizational objectives and satisfy the individual needs and goals of organizational members.

Components of Human Resource Planning comprises:
Estimating Manpower Requirement
Workload analysis
Workforce analysis
Labor turnover
Recruitment & Selection
Induction & development
Personnel Development
Ensuring quality to products & services
Overall assessment & performance & fine- tuning
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