Human Resource Management (HRM) Explained in 10 minutes — Transcript

Full transcript

1. 0:00human resource management is the process
2. 0:01through which a company identifies
3. 0:03recruits hires positions and manages its
4. 0:06employees Human Resources departments
5. 0:08usually formulate and force and oversee
6. 0:10the company's HR policies which control
7. 0:12personnel and how the company interacts
8. 0:14with its staff
9. 0:16first let's define HRM human resource
10. 0:18management is an approach to running a
11. 0:20business that views its Workforce as its
12. 0:22most valuable resource the term human
13. 0:24capital describes a company's Workforce
14. 0:26value hrm's primary purpose is to help
15. 0:29businesses meet their immediate and
16. 0:30long-term objectives by reducing risk
17. 0:32and increasing Roi
18. 0:34nature of HRM human resource management
19. 0:37is founded on Guiding Concepts and
20. 0:39practices that help businesses succeed
21. 0:41HRM is not limited to an organization's
22. 0:43single division but serves as a
23. 0:45cross-departmental role that oversees
24. 0:47the management of all employees from
25. 0:49entry-level workers to executives
26. 0:51Human Resource Management revolves
27. 0:53around its most valuable asset its
28. 0:55employees HRM is a field that focuses on
29. 0:57helping people both professionally and
30. 0:59personally this facilitates cooperation
31. 1:01between members of an organization to
32. 1:03realize shared objectives
33. 1:05to keep up with the ever shifting market
34. 1:06and fiercer levels of competition all
35. 1:09production elements must be constantly
36. 1:10updated and enhanced Human Resources too
37. 1:13must be consistently upgraded or
38. 1:15replaced to keep up with Rising levels
39. 1:16of competitiveness as a result it's
40. 1:19something that goes on all the time it
41. 1:21is an essential component of running a
42. 1:22business
43. 1:24it has as its primary goal and
44. 1:25maximization of output by employees it
45. 1:28seeks to maximize productivity by
46. 1:30focusing on the people who make the
47. 1:31organization tick
48. 1:33scope of HRM the term Human Resource
49. 1:36Management scope describes the full
50. 1:37range of HRM related Pursuits the
51. 1:40following describes these Pursuits human
52. 1:42resource planning also known as HR
53. 1:44planning is a method used by businesses
54. 1:46to determine how many open positions
55. 1:48there are inside the organization and
56. 1:50whether or not there is an abundance or
57. 1:51deficiency of available employees
58. 1:54job analysis is a crucial part of HRM a
59. 1:57job analysis provides an in-depth
60. 1:59explanation of each position in the
61. 2:00business
62. 2:01the company creates ads and places them
63. 2:03in newspapers based on the results of a
64. 2:05job study this is the process of seeking
65. 2:07potential employees Recruitment and
66. 2:09selection is a crucial part of human
67. 2:11resource management it involves
68. 2:12receiving applications in response to an
69. 2:14advertisement conducting interviews and
70. 2:16ultimately choosing the best candidate
71. 2:17for the job
72. 2:19after a candidate pool has been narrowed
73. 2:20down an initiation or orientation
74. 2:22session might be held
75. 2:24aside from its significance this aspect
76. 2:26of HRM is also worth discussing during
77. 2:29this time employees are also introduced
78. 2:31to one another commit brief history of
79. 2:33the company and given information about
80. 2:34the company's culture values and work
81. 2:36ethics
82. 2:37each worker participates in a training
83. 2:39program designed to improve his work
84. 2:41productivity existing highly experienced
85. 2:44staff members are also offered training
86. 2:46refresher courses are designed to do
87. 2:48just that a lot of money is allocated to
88. 2:50training and development programs at the
89. 2:52organization
90. 2:53after an employee has been on the job
91. 2:55for about a year the HR department will
92. 2:57conduct a performance review to evaluate
93. 2:59how well they've been doing their job
94. 3:00pay raises bonuses and promotions in the
95. 3:03future are all determined by these
96. 3:05evaluations
97. 3:06compensation and other perks are subject
98. 3:08to several different sets of regulations
99. 3:10Human Resources oversees salaries and
100. 3:13benefits packages maintaining a healthy
101. 3:15Workforce requires a consistent dose of
102. 3:17inspiration the Human Resources Division
103. 3:19is responsible for exploring alternative
104. 3:21techniques of inspiration as an aside
105. 3:23health and safety rules must be adhered
106. 3:25to for the sake of the staff Human
107. 3:27Resources is also responsible for this
108. 3:30the HRM discipline of keeping cordial
109. 3:32connections with union members is also
110. 3:34crucial the corporation will benefit
111. 3:35from this since it will reduce the
112. 3:37likelihood of strike-related lockouts
113. 3:39importance of HRM it's common knowledge
114. 3:42that company's human resources are its
115. 3:44most valuable and most Troublesome asset
116. 3:46to manage human resource Management's
117. 3:48goals include identifying Staffing gaps
118. 3:50and developing and retaining top talent
119. 3:52it's important to note the breadth of
120. 3:54hrm's purview so it's tough to pin down
121. 3:56the single definition but we can put
122. 3:58them in one of the following categories
123. 4:00background relates to employee
124. 4:02Administration workforce planning
125. 4:04recruiting and selection development
126. 4:05introduction and orientation promotion
127. 4:08remuneration layoff and reduction and
128. 4:10employee output are all examples of
129. 4:12direct Human Resource Management the
130. 4:14larger goal here is to measure personal
131. 4:16progress and efficiency both of which
132. 4:18have knock-on effects on the growth of
133. 4:20the business
134. 4:21hrm's role in employee benefits this
135. 4:23subfield of HRM is concerned with
136. 4:25workplace perks and Comforts security
137. 4:27assistance Health Care welfare benefits
138. 4:29social welfare and Health Services are
139. 4:31only a few of the many facets of this
140. 4:33umbrella term appointing safety officers
141. 4:36and improving and protecting against
142. 4:37unsafe working conditions are also
143. 4:39addressed it is also connected to staff
144. 4:41management guidance and counseling
145. 4:43report building and training and
146. 4:44development it ensures the well-being of
147. 4:47your Workforce it is essential to
148. 4:49identify their genuine requirements and
149. 4:50work with management to provide for
150. 4:52those needs
151. 4:53HRM and Workforce Development
152. 4:55maintaining internal peace and Harmony
153. 4:57necessitates tactful engagement with
154. 4:59labor or employee unions hearing out
155. 5:01their concerns and finding amicable
156. 5:03resolutions to any issues that may arise
157. 5:05it's the study of how to get along with
158. 5:07your co-workers and keep the peace in
159. 5:08the workplace through collective
160. 5:10bargaining amicable conflict resolution
161. 5:12and other methods of preserving positive
162. 5:14employee employer relationships
163. 5:16how does HRM work human resources are
164. 5:19affected because of the hard work of HR
165. 5:21Specialists who study Human Resource
166. 5:22Management before hiring
167. 5:24while a single or small team may handle
168. 5:26human resources at a small business
169. 5:28a large corporation would have a
170. 5:30dedicated HR division complete with the
171. 5:32chief people's officer HR director and
172. 5:34other administrative positions similarly
173. 5:37small and medium-sized businesses smbas
174. 5:40can rely on HR generalists to oversee
175. 5:42all aspects of the employee life cycle
176. 5:44including hiring payroll performance
177. 5:46reviews and the creation of corporate
178. 5:48rules in contrast large companies
179. 5:50typically have experts each taking on a
180. 5:53specific task each area is separated so
181. 5:55that just the correct number of workers
182. 5:57may be sent out to meet each requirement
183. 5:59objectives of HRM the HR process begins
184. 6:02at the top a successful completion of
185. 6:04organizational goals is a primary HRM
186. 6:06Focus to succeed HRM must ensure that
187. 6:09all available human resources are used
188. 6:11to meet organizational needs and aims
189. 6:14HRM success and goal attainment hinge on
190. 6:16two primary considerations employees and
191. 6:19the workplace human resource management
192. 6:21and organizational Effectiveness are
193. 6:23primarily defined by workplace culture
194. 6:25facilitating effective team coordination
195. 6:27is a crucial function of human resource
196. 6:29management Enterprise level teams
197. 6:31require simple methods of communication
198. 6:33specifically HR needs to ensure a tool
199. 6:35is available to help with the
200. 6:36integration
201. 6:38or Force Effectiveness and performance
202. 6:40are two fundamental factors to focus on
203. 6:42to accomplish even the most fundamental
204. 6:43goals of any firm when employers invest
205. 6:46in their employees by providing ongoing
206. 6:48training and career advancement chances
207. 6:50those workers feel secure in their jobs
208. 6:52and more prepared to take on leadership
209. 6:54roles Human Resources professionals
210. 6:56primary role is to maintain progress
211. 6:58along the desired course don't let
212. 7:00negative energy or distractions
213. 7:01interrupt your focus this requires
214. 7:03constant attention encouragement from
215. 7:05the workers
216. 7:06where can HR find inspiration to excite
217. 7:08their staff provide them with abilities
218. 7:10consider their point of view make weekly
219. 7:13meetings and decisions inclusive if they
220. 7:15are new it doesn't matter accept them
221. 7:17never let morale dip rewards for
222. 7:20employees such as annual reviews based
223. 7:22on performance can also be beneficial
224. 7:24human resource managers have many goals
225. 7:26and responsibilities including
226. 7:28developing leaders creating a safe and
227. 7:29welcoming workplace and keeping current
228. 7:31staff members an essential goal of human
229. 7:33resource management should be the
230. 7:35maintenance of a happy and productive
231. 7:36Workforce compliance and data management
232. 7:38for the corporation and its employees
233. 7:40are two examples of functional and
234. 7:42organizational goals it's a significant
235. 7:44task for HR departments and managers to
236. 7:46manage payroll compliances and maintain
237. 7:48the organization free of penalties and
238. 7:50fines
239. 7:51skills and responsibilities of an HR
240. 7:53Manager the human resources manager
241. 7:55oversees the company's hiring practices
242. 7:57payroll employee benefits and any
243. 7:59efforts related to employee safety in
244. 8:01the workplace the HR manager is
245. 8:03responsible for the administration of
246. 8:05employee benefit programs as well as the
247. 8:07sourcing screening and hiring of new
248. 8:08personnel
249. 8:09Human Resources manager's job
250. 8:11description should emphasize the
251. 8:13importance of a candidate with excellent
252. 8:14interpersonal communicative and
253. 8:16collaborative abilities due to the
254. 8:18role's emphasis on dealing with people
255. 8:19it's also crucial that they have a
256. 8:21thorough familiarity with the most
257. 8:23recent Trends in the sector about
258. 8:24non-monetary perks and complete
259. 8:26awareness of the most recent accolades
260. 8:28in the field
261. 8:29in this position education plays a
262. 8:31crucial part human resources experience
263. 8:33is preferred coupled with at least a
264. 8:35bachelor's degree in HR or related
265. 8:37subjects such as business
266. 8:39what's with the fancy Human Resource
267. 8:41Management title anyway the term
268. 8:43management describes making the most of
269. 8:44a company's limited resources to achieve
270. 8:46its goals therefore Human Resource
271. 8:48Management aims to ensure that the
272. 8:50business's existing human resources are
273. 8:52used effectively and that any recruits
274. 8:54add value to the organization the
275. 8:56construction industry is the best
276. 8:57example of a sector experiencing a
277. 8:59severe scarcity of competent laborers
278. 9:01according to analysts this trend is
279. 9:03predicted to Triple over the coming
280. 9:04generation from its current 30 percent
281. 9:06negatively affecting the sector's total
282. 9:09productivity many experts argue that
283. 9:11human resources are becoming less
284. 9:13important as machines and Technology
285. 9:14take over more and more tasks companies
286. 9:17are always looking for talented
287. 9:18knowledgeable and certified people to
288. 9:20ensure the company's continued growth
289. 9:22and success still machinery and
290. 9:24Technology can only be created by humans
291. 9:26and require human intervention to
292. 9:27function properly
293. 9:29for what reasons should an hrms be
294. 9:31implemented Human Resource Management
295. 9:33systems are built to cater to hr's
296. 9:35fundamental requirements and transform
297. 9:37routine administrative tasks into
298. 9:39strategic enablers of company value
299. 9:40these data-driven people-centric tools
300. 9:43can help HR professionals do the
301. 9:45following
302. 9:46strengthen their procedures for
303. 9:47employing new employees improve your
304. 9:49personnel management skills maximize the
305. 9:52efficiency of your personnel achieve
306. 9:54higher levels of employee participation
307. 9:55and retention reduce unnecessary
308. 9:57expenditures use evidence to guide your
309. 10:00choices guarantee Conformity with
310. 10:02applicable rules and regulations
311. 10:04Cloud transformation
312. 10:06human resource Specialists have risen to
313. 10:08prominence in the c-suite because of
314. 10:09hr's critical role in ensuring the
315. 10:11firm's continued viability both today
316. 10:14and in the future
317. 10:15with improved familiarity with digital
318. 10:17and cloud-based Technologies they will
319. 10:19be better equipped to make immediate
320. 10:21contributions toward the development and
321. 10:22upkeep of a highly efficient workplace
322. 10:24tomorrow via cloud-based HR management
323. 10:26tools Human Resources must upgrade and
324. 10:29transform to keep up with the times and
325. 10:31meet the needs of the business a crucial
326. 10:33part of hr's change agent role is
327. 10:35ensuring the department uses a
328. 10:36cloud-based human resource management
329. 10:38system hrms to oversee all aspects of
330. 10:41the employee's careers
331. 10:43okay that's all I have for you folks I
332. 10:45appreciate you taking the time to watch
333. 10:47the video and I hope you find it
334. 10:48informative please use the like button
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