Essentials of HRM
Essentials of HRM
Essentials of HRM
INTERNAL ASSIGNMENT
QUES 1.) Assume you have to develop an HR plan for a new generation private sector bank
having branches in major towns in India: What specific external factors would be important for
you to consider. Why?
ANSW 1.) HUMAN RESOURCE PLANNING
It refers to the process of determining the systematic planning ahead for the purpose of achieving
the optimum use of organization’s most valuable resources which are employees in an
organization. It helps in determining organization’s future workforce requirements.it is basically
done for the purpose of filling the vacant job positions, meeting organizational commitments and
achieving desired level of performance.
It is actually defined as the process of determining the future human resource requirements and
ensuring that organizational objectives are met by having the right people in the right time at
right place.
It is the very important step of human resource planning starts with the identification of
objectives of organization such as marketing, finance, sales etc. It includes recruiting
employees, reducing number of employees by automating process, improving the
knowledge and skill level of existing employees.
After the necessary changes have been identified, it is necessary for human resource
planning team to create an inventory of current human resources available in an
organization, their capacities, capabilities and performance abilities. It is done to create
estimates to internal and external recruitments that will be necessary.
After comparative analysis of the demand and supply of the employee and working
staff available, it is necessary to do the forecast of the deficit and the surplus of
employees which may occur in future course of time. It is necessary so as to develop
the plan accordingly. It is also used as an indication for the purpose of training and
development of employees.
e) Formulate Plan
Once employment gaps are estimated, the human resource planning is done for the
purpose of recruitment, training, development, termination, interdepartmental transfers
etc. It can vary based on deficit or surplus or demand or supply for the purpose of
forecasting the same.
f) Implement Plan
Once the human resource plan is formulated, it should be implemented by the human
resource department in the organization. It is in alignment with the goals and objectives
of organization and goals and objectives of each department of organization.
The nature of organizing involves the assigning task, grouping task into departments,
delegating authority, allocating the resources across the organization for the purpose of
achievement of organizational objectives.
Organizational structure
The organizational structure refers to the system which clearly identifies the activities to
be undertaken so as to achieve objectives and goals of the organization. It includes rules,
roles and responsibilities. It also determines how information flows between levels of the
organization.
Technological Changes
It is one of the most important factors for the purpose of development of various plans
and policies for human resource development. It creates new competitive environment
which is much more powerful than the existing ones. It is necessary as the employees in
an organization are required to upgrade their skills and knowledge for the purpose of
performing better than the competitors.
Demographic Changes
It generally refers to the average change in population such as age, dependency ratios, life
expectancy ratios, family structures, birth rate, death rates, etc. There might occur as
situation that the shortage of required workforce due to any demographic changes may
lead to changes in any of them. Various characteristics of population needs to be
thoroughly analyzed before developing any HR plan and implementing them in an
efficient and an effective manner.
Labour Turnover
Economic position
It refers to the status of a taxpayer’s assets, liabilities, equity and other funds in the
organization which are interrelated to each other. It also includes the buying and selling
capacity of the organization and the matters related to the finance and buying and selling
capacity are also dealt with for proper collection of funds and efficient utilization of
funds.
Legal factors
The law and order based factors for development of an HR plan involves the various
steps so as to ensure safety of rights of employees such as anti-harassment laws, human
resources issues with confidentiality Adhering to equal pay laws, anti-violation laws etc.
It is done so as to ensure that the employees may get equitable treatment in the
organization and quality of life is also ensured for optimum utilization of resources.
Training is required to make new employees aware of their jobs, duties, roles and
functions etc. Employees are directed to adopt to the work culture of the organization
with the help of training. It is necessary so as to make sure that employees and working
staff in an organization have enough knowledge about new advancements in their field of
technical and practical expertise.
Training programmes increases efficiency i.e. completion of a job in a timely manner and
effectiveness i.e. performing a job in a cost effective manner and ensuring optimum
utilization of resources thereby ensuring employees to respond to changes in the business
environment.
MOTIVATION OF WORKFORCE
Employees are required to be given details regarding the expectations of the customers,
employers, competitor’s products and society at large so as to ensure that employees and
working staff gets motivated to perform activities of business. It is necessary to
understand that if organizational objectives are to be achieved, then it is important to
motivate people as motivated people take the initiative, work hard to reach their goals,
and remain enthusiastic along the way. A motivated workforce is more productive, helps
a company achieve its goals.
KNOWLEDGE ENHANCEMENT
It improves the knowledge of employees about their job roles, we all know that training is
generally provided as per the profession or job of the individual. It further leads to
enhanced productivity of the employees as well as achieving organizational effectiveness.
Training focuses on developing the intellect of employees and staff members which
means the power of reasoning objectively, especially with regards to the abstract matters
and personality of employee so that they can perform effectively.
Training includes a sense of tea spirit, teamwork, and collaboration, and the shared
passion for achieving a fixed outcome and the beliefs and values which develop within a
group of individuals who have come together to achieve the fixed outcome which helps
employees to adapt to team culture. It is necessary so as to ensure that achievement of
organizational objectives
Training enables employees to identify their strengths i.e. the capacity of an object or
substance to withstand great force or pressure and use them as well to recognize their
weaknesses and shortcomings and correct them to perform in the long run.
PERFORMANCE APPRAISAL
Training programs can also help prepare employees who are moving into higher roles and
taking on more responsibilities in an organization. These programs will help them learn
the skills that are required to function effectively in their new positions. For example,
they may be trained in leadership skills or in a specific software they will use in their new
role.
VALUE OF EMPLOYEES
Implementing training programs in the workplace will help employees feel like the
company is invested in them. By continuing to teach your employees new skills and
abilities, they will not just become better workers, they will feel like more productive
members of the organization. This will improve their morale as well as their workplace
capabilities.
Employee training programs help an organization test the efficiency and effectiveness of
a new performance management system, which will help HR establish clearer
performance expectations. Using these systems to train your employees will reinforce the
necessity of meeting goals and help employees better understand what is expected of
them.
When an employee first starts at a company, they may receive on-the-job training that
will help them learn what is expected of them as well as the job skills necessary for their
new position.
MENTORING SCHEME
a) If you were Rohit’s boss, what could you do to rectify this situation?
Ans a) As far as the present situation is considered, if I was to be placed at the place of
Rohit’s boss, I would have preferred to advise him the correct process as well along with the
remarks that has been given by him with due regards to his project. What his boss said is
incomplete as Rohit should be given direction regarding the completion of project. He do not
know the procedure of the same which should be taught to him. So here comes the need to
consult the collegues and employees in the office for guidance. For ensuring the rectification
of the present situation it is required to understand that nobody can do any task until or unless
proper training has been provided to the person.
In the present situation, Rohit Khurana has been appointed to do a different job than the
previous job which he was supposed to do earlier. He could not cope up with the present
situation because of the reason that he has not been taught how to perform the desk job. To
rectify the given situation, it is necessary to understand the importance of training. We all
know that training provides the stability and flexibility to the person which further helps to
fulfill the organizational commitments. It helps to heighten the morale of employees. It
enhances supervision and direction of employees connected with the organization.
Economical use of resources is one of the major reason for training as wastages should be
altogether eliminated for efficient and effective utilization of resources.
Rohit is in a huge fix as he is not trained for the desk job. Earlier he performed only field job
where he visited various places and conducted surveys etc. but later on he was shifted to a
job where he was given working with files relating to the applicants registered for various
housing projects coming up in North Delhi area. This job created a boredom in his life as he
has never done such desk job before. He missed his daily routine and the work done by him
was not up to the mark.
Actual content required was missing and being a boss, he was required to be guided which
his boss never did with him. It was a sad experience as he could not know what he was
required to do. This created a problem for him as he was unable to understand his job. So, in
literal meaning, the boss should be giving guidance whenever and wherever required so as to
ensure that the employees may achieve growth and organizational objectives may be
achieved. It ensures that the individual objectives are fulfilled and organizational objectives
are also achieved along with the same.