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Session 3 & 4 DEFINING HRM IN TRUE PERSPECTIVE

Created by K. Bindu

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TERMS USED IN HUMAN RESOURCE MANAGEMENT Various terms are used to denote human resources management. These terms are; labour management, labour administration, personnel management, personnel administration human capital management, human asset management, employment administration, employee employer relations, union management relations, industrial relations and the like. Under the labour management concept, the employees are treated just like a commodity which can be purchased, used and thrown. Therefore, it deals with employment, wages and firing. The concept of industrial relations deals with relations among employees, trade unions, employers and the government. Therefore, it covers trade unions, disputes, grievances, discipline, collective bargaining and participative management. The latest term this direction is Human Resources Development (HRD). Some view that HRM and HRD are one and the same. Infact, some organizations changed their personnel management department as Human Resources Management Department while other organizations changed this as Human Resources Development Department. But HRD is the developmental aspect of HRM. HRD is a part of HRM. HRD deals with the training, management development, career planning and development and organization development. The most prominent and the closest one to the term human resources management is personnel management. Differences Between Personnel Management and Human Resources Management. Personnel Management is different from Human Resources Management. Personnel means persons employed. Hence, personnel management views the man as economics man who works for money or salary. Human resources management treats the people as human being having economic, social and psychological needs. Thus, HRM is broader in scope compared to personnel management.

FUNCTIONS OF HRM The functions of HRM can be broadly classified into two categories,...