Learning Objectives After completing this section, the reader should be able to ▪ Define human resource management ▪ Explain the meaning of human resources management. ▪ State and explain the components of human resources management. ▪ Explain the functions of human resources management ▪ Explain human resources planning and its processes. ▪ Explain recruitment, selection and placement. ▪ Explain job analysis, job design and job specification. ▪ Explain training and development. ▪ Explain performance appraisal. ▪ Identify methods and the criteria for effective performance appraisal. ▪ Explain wage and salary administration. ▪ Identify and explain components of wage and salary. ▪ Explain the objectives of wage and salary administration. ▪ Explain the principles of wage and salary administration. ▪ Identify the components of wage and salary administration. ▪ Explain employee discipline meaning and its features. ▪ Explain the objectives of discipline and causes of indiscipline in an organisation. ▪ Explain industrial and labour relations. xix. Explain collective bargaining. ▪ Identify the grievance and dispute settlement procedures in an organisation. A.1 Human resource in Organisations Employees are the most important assets of an organisation. The terms human resource management (HRM) and human resources (HR) have largely replaced the term personnel management as a description of the processes involved in managing people in organizations. This section focuses on how this asset is managed effectively to achieve the objectives of the organisation. Human resources management is an integral part of every manager’s function as
190 long as he/she has people working under him/her. In organisations with a large number of staff, a separate department often handles human resource function.