Download - Modern trends in Human resource management
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WelcomeEverybody glad you’re here
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FUTURE HUMAN RESOURCE MANAGEMENT
MODERN TrendsINHUMAN RESOURCE MANAGEMENT ***METAMORPHOSIM***
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INTRODUCTION
According to Flippo, “human resource management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and separation of human resource to the end that individual, organizational and social objectives are accomplished.”
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INTRODUCTION
In this presentation, we discuss about some important aspects of HRM.
&
How they are metamorphosis from PAST to FUTURE
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The Aspects are
1) Recruiting
2) Training
3) Compensation
4) Performance Appraisal
5) Organizational Communication
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1. RECRUITING
It refers to the overall process of attracting, selecting and appointing suitable candidates for jobs (either permanent or temporary) within an organization.
Recruitment is of two types• Internal Recruitment• External Recruitment
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INTERNAL RECRUITMENT
• Transfers• Promotions• Re-employment of ex-employees
EXTERNAL RECRUITMENT
• Employment at Factory Level• Advertisement• Employment Exchanges• Employment Agencies• Educational Institutions • Recommendations
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MODERN RECRUITIMENT
Social RecruitingHiring through social media.
Some of the social media sites
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Why social Recruiting?
• Recruit candidates who might not apply otherwise.
• Save money.
• Target a specific job level.
• Increase the company's brand recognization.
• Target a specific set of skills.
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2. TRAININGAccording to Edwin Flippo, ‘training is the act
of increasing the skills of an employee for doing a particular job’.
They are two typesON JOB METHODS OFF JOB METHODS
Coaching Lectures and Conferences
Mentoring Vestibule Training
Job rotation Simulation Exercises
Job instruction Technology Sensitivity Training
Apprenticeship Transactional Training
Understudy
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MODERN TRAINING
Gamification is the use of game design and game mechanics to learn new skills and training employees.
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3. COMPENSATION According to Edwin B Flippo: “The function of compensation
is defined as the adequate and equitable remuneration of personnel for their contributions to the organizational objectives.”
Different types of compensation include: • Base Pay• Commissions• Overtime Pay• Bonuses, Profit Sharing, Merit Pay• Stock Options• Travel/Meal/Housing Allowance• Benefits including: dental, insurance, medical, vacation, leaves,
retirement, taxes...
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MODERN COMPENSATION
PERK: An advantage or something extra, such as money or
goods, that you are given because of your job. To understand this PERK concept, we can take two
companies & in this we have to know about, what are the PERK
benefits offered by those companies.
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PERKS• Onsite doctors and medical services• Incase of death surviving spouse will receive a check for
50% of their salary every year for the next decade.• Free car wash.• Lunch and dinner are always free. • Massages and yoga centers• No dress code• Gym, swimming pool and bar facility• Employees can play against each other games like ping
pong, Billiards and video games..etc.,• Googlers are free to bring their pets to work
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PERKS• Free Bike repair shop.• Dry Cleaning.• The Company store.• Vending machines filled with computer accessories. ( They
are absolutely free) .• Free lunch and dinner.• Free onsite Barber Shop. • Free Candy shop.• Free Gym.• Write on the walls.
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4.
PERFORMANCE APPRISAL
PERFORMANCE MANAGEMENT
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Performance Appraisal:Performance Appraisal is the systematic evaluation
of the performance of employees and to understand the abilities of a person for further growth and development.
Performance Management:“In simplest terms, it’s a way of getting people to do
what you want them to do and to like doing it.” Performance Management is a scientifically based,
data-oriented management system. It consists of three primary elements—measurement, feedback and positive reinforcement
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WHY PERFORMANCE MANAGEMENT? Performance appraisal were mostly narrowly
focused for measuring the degree of accomplishment of on individual where supervisors had a major role to play in judging the past performance of an employee without soliciting active involvement of the employee. Performance management focused on front end planning instead of looking backward, the focus is on ongoing dialogue instead of ratings.
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5. ORGANIZATIONAL COMMUNICATION Effective Communication is significant for employees in
the organizations so as to perform the basic functions of management, i.e., Planning, Organizing, Leading and Controlling.
Types of communication in the organization• Written letters and memos• Face to face• Video Conferences.• Telephone Conversation• E- mails• Team briefing
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MODERN COMMUNICATION
PRIVATE SOCIAL NETWORKING SITES
For Example a free enterprise social network service, launched during last five years; it is used for private communication within organization. It gauges the employee emotions expressed in posts, they can share photos, tag them and write posts, just like facebook and google+. WOW.
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MODERN COMMUNICATION
Considering the example of Ernst and Young – they have a much organized performance appraisal system. Now employee can update their profile by adding all the activities he/she has performed throughout the year and share supervisor's comments/feedback obtained at the end of the project.
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CONCLUSION• In this globalization world, Business environment
is continuously changed. Human resource has major challenge in future to develop and retain capable employees and it faces many problems.
• HRM uses technology.• Datafication plays a vital role in HRM• IHRM & SHRM are Introduced.
Finally, HRM is metamorphosis according to the current business
environment.
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ANY QUESTIONS? Feel free to ask, your question may be worth million dollars
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THANK YOU FOR YOUR SUPPORT - Chandra Sri.