Human Capital Management

Human Resource Management (HRM) is the strategic and coherent approach to the management of an organisation's most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business. The terms "human resource management" and "human resources" (HR) have largely replaced the term "personnel management" as a description of the processes involved in managing people in organizations.

Its features include:

• » Organisational management
• » Personnel administration
• » Personnel management
• » Manpower management
• » Industrial management

These traditional expressions are becoming less common..

Sometimes even industrial relations and employee relations are confusingly listed as synonyms, although these normally refer to the relationship between management and workers and the behavior of workers in companies. The theoretical discipline is based primarily on the assumption that employees are individuals with varying goals and needs, and as such should not be thought of as basic business resources, such as trucks and filing cabinets. The field takes a positive view of workers, assuming that virtually all wish to contribute to the enterprise productively, and that the main obstacles to their endeavors are lack of knowledge, insufficient training, and failures of process. HRM is seen by practitioners in the field as a more innovative view of workplace management than the traditional approach. Its techniques force the managers of an enterprise to express their goals with specificity so that they can be understood and be undertaken by the workforce, and to provide the resources needed for them to successfully accomplish their assignments. As such, HRM techniques, when properly practiced, are expressive of the goals and operating practices of the enterprise. HRM is also seen by many to have a key role in risk reduction within organisations.

Course Outline

• » Human Resource Development
• » Performance Management
• » HRM in Knowledge Based Organisation
• » Industrial Relations Management
• » Employee Legislation
• » Organizational Development and Change
• » Human Resource Accounting
• » Compensation Management
• » Human Resource Information System
• » Global HR Practices
• » Project Work