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Why HRM? Free essay! Download now

Home > A Level > Business studies > Why HRM?

Why HRM?

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Downloads to date: N/A | Words: 4083 | Submitted: 14-Apr-2012
Spelling accuracy: 98.0% | Number of pages: 13 | Filetype: Word .doc


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Why HRM? essay previewWhy HRM? essay previewWhy HRM? essay preview

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HR Hierarchy

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Re: HR Hierarchy
Assistant
Executive
Senior Executive
Assistant Manager
Manager
Senior Manager
GM/Head HR
VP HR
then what about HR Co-ordinator and HR Associate.. under which level these two comes.
HR Co-ordinator/HR Associate/Executive/assistant reports to Senior Executive/Senior HR Officer.
WHY HRM?
NO MATTER WHAT PROFESSION…
PEOPLE NEED TO GET TRAINED AND MOTIVATED…
TO ACHIEVE……………….
TARGET’S
FOR ALL THESE TO HAPPEN WE NEED TO PROPERLY MANAGE PEOPLE AND TO ACHIEVE ALL THIS WE NEED…HRM
Why Hr?
Whenever somebody asks you WHY HR,Just let them remind its the HR only who brought you into the organisation
Its the HR only that takes care of you and your family by providing you alll the benefits(salary & perks)on time. No other department bothers to look into such matters.
Its HR only that keeps employees happy and motivated all the time by arranging events for them.
Its only HR who brings best talent of market into the organisation.
Its the Blood & Back bone of any organization
Human resources management comprises several processes like –
Recruitment
Induction and Orientation
Training and development
Performance appraisal
Retention
Payroll
Employee benefits administration
There is ONLY ONE METHOD for calculating Gratuity entitlement. It is as under:
Wages/26*15* No. of years of service.
Example:
Length of Serive of Mr. A is 10 years.
Basic + DA is Rs.10000/-
Gratuity will be calculated as under:
Rs.10000/26*15*10= Rs.57692.
WORKERS COMPENSATION ACT- 1923
The Workmen’s Compensation Act, aims to provide workmen and/or their dependents some relief in case of accidents arising out of and in the course of employment and causing either death or disablement of workmen.
It provides for payment by certain classes of employers to their workmen compensation for injury by accident.
EMPLOYEES ENTITLED TO COMPENSATION
Every employee (including those employed through a contractor but excluding casual employees), who is engaged for the purposes of employer’s business and who suffers an injury in any accident arising out of and in the course of his employment, shall be entitled for compensation under the Act.
EMPLOYER’S LIABILITY FOR COMPENSATION (ACCIDENTS)
The employer of any establishment covered under this Act, is required to compensate an employee:
a. Who has suffered an accident arising out of and in the course of his employment, resulting into (i) death, (ii) permanent total disablement, (iii) permanent partial disablement, or (iv) temporary disablement whether total or partial, or
b. Who has contracted an occupational disease.
HOWEVER THE EMPLOYER SHALL NOT BE LIABLE
a. In respect of any injury which does not result in the total or partial disablement of the workmen for a period exceeding three days;
b. In respect of any injury not resulting in death, caused by an accident which is directly attributable to-
i. the workmen having been at the time thereof under the influence or drugs, or
ii. the willful disobedience of the workman to an order expressly given, or to a rule expressly framed, for the purpose of securing the safety of workmen, or
iii. The willful removal or disregard by the ...

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