Core Functions of Human Resource Management (HRM)
📌 HRM involves planning, organizing, leading, and controlling activities related to personnel acquisition, development, compensation, maintenance, and termination based on applicable regulations.
📌 Key activities include Human Resource Planning (job analysis, forecasting needs), Staffing (recruitment, selection, orientation, termination), Compensation & Benefits, Performance Appraisal & Career Development, Training & Development, and managing Occupational Safety & Health (OSH).
📌 Failure in managing human resources can lead to the failure of the company in achieving its goals and objectives.

Evolution and Approaches to HRM
📜 The evolution of HRM progressed from early craftsman-apprentice relationships through several industrial era movements.
📜 The Personnel Administration Movement focused on basic functions like selection, training, and compensation.
📜 The Human Relations Movement introduced new thinking emphasizing communication, cooperation, and employee involvement, contrasting the earlier Mechanistic Approach which treated employees like machines focused on specialization and standardization.
📜 The Human Resource Movement (early 1970s) focused more on humanitarian concerns, emphasizing the relationship between employers and employees.

Modern Roles of HRM
🎯 Strategic HRM focuses on aligning HR practices with the overall business strategy of the company.
🎯 The Infrastructure Management role requires HR professionals to efficiently design and run core HR processes like hiring, appraisal, rewards, and managing employee flow.
🎯 Employee Contribution Management involves daily engagement with employee concerns and needs, while Transformation and Change Management necessitates fundamental cultural shifts within the organization.

Key Points & Insights
➡️ HRM is fundamentally about managing people to facilitate the achievement of organizational goals.
➡️ Modern HRM encompasses multiple roles, moving beyond single functions to include strategic alignment and cultural transformation.
➡️ Historical management approaches shifted from the mechanistic view to the social system approach, recognizing the importance of harmonious cooperation and interaction among all employees.
➡️ Effective HRM requires designing systems for fair and equitable compensation and ensuring robust occupational safety and health programs.

📸 Video summarized with SummaryTube.com on Nov 20, 2025, 14:56 UTC