Essentials of Human Resource Management - 2607 Words

John De La Cruz University of the Philippines in Diliman I. 1. Management Essentials †¢ Management involves setting goals and allocating scarce resources to achieve them. †¢ Management is the process of efficiently achieving the objectives of the organization with and through people. †¢ Primary Functions of Management Planning – establishing goals Organizing – determining what activities need to be done Leading – assuring the right people are on the job and motivated Controlling – monitoring activities to be sure goals are met 2. What is Human Resource Management? Definitions: . †¢ Human Resource Management (HRM) is a subset of the study of management that focuses on how to attract, hire, train, motivate and maintain†¦show more content†¦Ã¢â‚¬ ¢ Storey (2001: 7) noted that the beliefs of HRM included the assumptions that it is the human resource that gives competitive edge, that the aim should be to enhance employee commitment, that HR decisions are of strategic importance and that therefore HR policies should be integrated into the business strategy. Underpinning theories of HRM David Guest (1987: 505) commented that: ‘Human resource management appears to lean heavily on theories of commitment and motivation and other ideasderived from the field of organizational behaviour’. These theories are summarized below. 1. Commitment - the strength of an individual’s identification with, and involvement in, a particular organization 2. Organizational behaviour theory - describes how people within their organizationsact individually or in groups and how organizations function interms of their structure, processes and culture. 3. Motivation - explains the factors that affect goal-directed behaviourand therefore influences the approaches used in human resource managementto enhance engagement (the situation in which people are committed to theirwork and the organization and motivated to achieve high levels of performance). 4. AMO theory- set out by Boxall and Purcell (2003) states that performanceis a function of Ability + Motivation + Opportunity to participate. 5. Human capital theory - concerned with how people in anShow MoreRelatedHuman Resource Management : An Essential Function1265 Words   |  6 PagesHuman resource management is an essential function in organizations dedicated to improve or maximize the performance of the labor force of the whole organization or to support a company’s strategy in achieving its target goals such as profitability. HRM is fundamentally concerned with the development and management of the employee within corporation. HR missions are fulfilled by trained professionals and HRM is usually referred as â€Å"involving people practices† (Noe et al., 2015) since an entire functionalRead MoreHuman Resource Planning : An Essential Part Of Hr Management Essay3441 Words   |  14 PagesPart A Q1. Human Resource Planning †¢ It is an essential part of HR management. †¢ It is a process which makes the company change to the desired man power position from its present position. 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