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Hrm Analysis of a Selected Organization

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1.1 Human Resource Management (HRM) Human Resource Management is the design of formal systems in an Organization to ensure effective and efficient use of human talent to accomplish Organizational goals.
(Source: - Robert L. Mathis/& John H. Jackson, Human Resource Management. 10th edition.)
Human resource management is the set of activities directed at attracting, developing and maintaining the effective workforce necessary to achieve a firm’s objectives. Because the HR function is central to a firm’s success, top managers should adopt a strategic perspective on it. This achieves ‘fit’ between the business and HR strategy. Here, employees are considered as assets or human capital to be invested in through the provision of learning opportunities and the development of a learning organisation and are viewed as a source of competitive advantage.
The overall purpose of HRM is to ensure that the organisation is able to achieve success through people. The methods used vary in according to countries.
The Human Resources Management (HRM) function includes a variety of activities, and key among them is deciding what staffing needs you have and whether to use independent contractors or hire employees to fill these needs, recruiting and training the best employees, ensuring they are high performers, dealing with performance issues, and ensuring your personnel and management practices conform to various regulations. Activities also include managing your approach to employee benefits and compensation, employee records and personnel policies. Usually small businesses (for-profit or nonprofit) have to carry out these activities themselves because they can't yet afford part- or full-time help. However, they should always ensure that employees have -- and are aware of -- personnel policies which conform to current regulations. These policies are often in the form of employee

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