What does Human Resource Management System (HRMS) do?

what are the 7 roles of human resource management?

Human Resource Management has been gaining quite an attention in organizations.

And timely so, if you ask me.

After all, as per the current trends in HR department, just recruiting and training employees is not enough.

Employees, today, seek much more from their organization.

And HRM offers that u201cmuch moreu201d to your HR managers.

,Yes, it doesu2026,How?,Well! Hereu2019s howu2026,1.

Human Resources Management covers broad range of business fundamental concepts: Gain a detailed knowledge in basic business concepts like recruiting, compensation and advancement with a course in HRM.

You would also gain detailed knowledge in specific tax issues and legal considerations.

,2.

HRM courses helps in building a progressive culture in an organization: Human Resource Management offers progressive knowledge on latest practices and tools.

How that helps? Well, millennials are all for open office and flexible work culture.

And as an HRM graduate you would be able to build a culture that caters to both millennials and experienced employees in an organization.

,3.

HR Management offers good understanding of the employment process: Understanding u2018Employment Processu2019 becomes easy.

As the HRM course covers everything that an Employment process includes.

Right from all the daily practices of recruiting, training to engaging employees to reduce the turn-over costs.

,4.

Human Resource Management ensures that employee engagement programs are in place: Want to introduce employment engagement programs in your organization? Then get a guy who has HRM credentials.

As he/she would be able to introduce successful employee engagement in your organization.

Human resources management course give emphasis on individual growth of an employee.

It ensures that each and every employee is happy and satisfied.

,In the end do remember that when an employee leaves, he/she is not leaving the organization, but leaving the manager.

And this is where the knowledge of HR Management comes handy.

Types of human resources

Human Resources encompasses many things, such as:,^ Trainingn^ Compensationn^ Employee Relationsn^ Management/Employee Developmentn^ Employment Lawn^ Staffingn^ Offboardingn^ Etc.

,Depending on the employer, an HR may handle all of these, or, in the case of a large employer, HR might be very specific, such as Training Specialist.

,Donu2019t know if this answer is what you wanted/needed, but this is a basic answer.

Human resource or human resources

I agree with both of the answers given.

u201cHuman resourcesu201d means that the people who work at a business are important solely for what they can provide by way of service.

Their needs and development are not important.

,I have been offered positions in u201chuman resourcesu201d departments at many companies, and I have turned them down every time.

I cannot look at my co-workers in that way.

10 examples of human resources

u201cThe Ivy Leagueu201dThis is rarely discussed, probably because the wealthiest Americans tend to believe that elite private education is an unquestionably worthwhile investment.

,But Iu2019d assert that elite private schools, like the Ivies, have only one advantage over their public counterparts: brand perception.

u201cQuality of education,u201d u201cindividual attention,u201d and u201cnetworku201d are terms (and, to that point, ones that are frequently used to talk about how public education is u201coutclassedu201d by private education here on Quora) that conceal a massively successful marketing ploy.

,The triumph of this campaign has top 1%-ers fighting to pay hundreds of thousands of dollars to put their progeny through Americau2019s most elite private institutions, while less selective public universities offering a virtually identical product at 20% of the cost are shunned.

,u2014,When I was quite young, I remember perusing $2.

00 sunglasses in a Walgreens in Orlando.

My family was at Disney World, and the Florida sunshine was punishing unsuspecting Midwesterners like ourselves.

Mom and Dad are rather frugal, or at least adamant that one should understand the market value of the products they consume.

,Later on that same trip, we passed through a store that was selling Oakleyu2019s for nearly one hundred times the cost of my convenience store pair.

They looked, for the most part, identical to the Walgreens pair I was sporting, but they were flying off the shelf.

What was I missing? I asked my Mom, who responded, with a knowing smile, u201cOh, honey, theyu2019re paying for the brand.

Youu2019re right.

Thereu2019s not much of a difference.

u201d,Now, let me be fair to Oakley: their sunglasses are engineered for performance, and have qualities that make them objectively better than loosely-held tinted plastic lenses you get at a drug store.

Ultraviolet light can damage the retina and the cornea, and cheap sunglasses donu2019t do much to prevent ocular injuries.

But, Iu2019d venture that most consumers probably donu2019t utilize science to understand the trade-offs between buying a $2.

00 pair of sunglasses and a $200.

00 pair of sunglasses.

Even if one did, it would be hard to precisely formulate an optimization problem, at the time of purchase, using relevant variables (and these variables would differ dramatically from person-to-person, scenario-to-scenario).

,Corporations are cognizant of this phenomenon.

Marketing textbooks claim that u201cmarketing is responsible for creating most of a productu2019s inherent utility.

u201d [1],One type of utility, for which marketers are directly and obviously responsible, is image utility, the u201csatisfaction acquired from the emotional or psychological meaning attached to products.

u201d Image utility is really important.

Image utility is responsible for #deleteuber, boycotts of United Airlines, and, yes, the success of certain pairs of sunglasses.

,A few months ago, all my friends bought those ubiquitous Ray Ban Clubmaster lenses, and to my knowledge, none of us discussed the quantity of UV ray protection we were receiving.

Instead, the utility we received was the psychological satisfaction of wearing the same sunglasses as Beyonce, Natalie Portman, and David Beckham [2].

,u2014,Back to education.

,In 2009, my family packed up our quiet life in the Midwest and moved west, to the city of Palo Alto, one of the wealthiest neighborhoods in the United States.

,Now, rest assured, this did not change my parentu2019s purchasing behavior.

We continued to buy u201cthe essentialsu201d from Wal-Mart until learning, in 2015, that Wal-Mart has extremely questionable employment practices [3].

The delta in image utility upset the balance of overall utility that compelled us to purchase at Wal-Mart in the first place.

,The culture shock associated with the move was staggering.

Most families in the Midwest set educational objectives at the level of in-state universities (indeed, middle-class families often view private education as financially out of reach u2014 even being admitted requires pouring resources into standardized test prep, application fees, and a cornucopia of expensive extracurricular activities).

In Palo Alto, my classmates spent their entire lives preparing for the six month period in which they would apply to Stanford, Harvard, Brown, Columbia, Princeton, Cornell, Dartmouth, Rice, MIT, Caltech, and UChicago.

Failure to gain admission to one was a serious setback, an event that sometimes catalyzed year-long attempts to u201cfind oneselfu201d through travel and meditation (not a joke).

,A serious stigma existed against deciding on a public school.

Palo Altanu2019s would say:,u201cItu2019s just that, well, at public schoolsu2026u201du201cu2026itu2019s impersonal, no one cares about you.

u201d,u201cu2026thereu2019s grade deflation.

u201d,u201cu2026itu2019s hard to get research opportunities.

u201d,u201cu2026average salaries for graduates are lower.

u201d,u201cu2026there are less notable professors and graduates.

u201d (u201cI went to school with Chelsea Clinton!u201d),u201cu2026on average, the quality of students is lower.

u201d,u201cu2026are ranked lower in prominent publications.

u201d,So letu2019s examine a few of these claims.

,You will not have a babysitter, and you will fail classes if you do not perform.

However, this is overblown.

In my experience, at public schools, the course staff works closely with students to accommodate family emergencies, injuries, and illnesses.

When I was a teaching assistant, we offered support to struggling students (extra office hours, etc.

) and personally reached out to students who scored below the 10th percentile on exams.

Even in popular introductory courses, which support nearly 2000 students in a single semester, the course staff works tirelessly to create smaller environments within larger ones.

,Getting a high GPA at a public university isnu2019t easy.

But whatu2019s the downstream impact? Even many of the average students at Berkeley, with 3.

0 GPAs, had an abundance of job opportunities.

Many of my friends from public schools currently work at their dream company, regardless of the industry.

The students with GPAs below 3.

3 probably wonu2019t have excellent prospects for grad school, but most donu2019t have their sights set on a Ph.

D.

And the 4.

0 students are absolute superstars with unlimited options for grad school.

Why not create a system that allows top performers to distinguish themselves?,In my experience, if you really want to do research, you will find opportunities, even if youu2019re a less-than-stellar student.

You just have to work harder to find them.

,This likely depends on the department and the university.

Berkeleyu2019s computer science graduates are surviving.

The average starting salary for computer science grads was nearly $100,000 last year [4].

A few friends from UCSD, University of Michigan, and University of Wisconsin seem to be doing fine, too.

,This is not true.

,This is probably true.

However, Iu2019ve noticed very few differences between the top students at public and private schools.

,I think these meaningless rankings probably have systemic biases against public schools.

In any case, one should look closely at the department of interest, and the faculty/research interests of that department, instead of poorly-defined models for the reputation of undergraduate programs in general.

,Now, letu2019s review some financial data.

Last year, University of Californiau2019s in-state students paid around $7,000 per semester in tuition (and if youu2019re a teaching assistant, you pay nothing) [5].

University of Wisconsin students paid around $5,250 [6].

University of Washington in-staters paid $5,350 [7].

Stanford costs $16,329 per quarter, which would equate to about $24,500 semesterly [8].

UChicago students pay even more - $17,764 per quarter, or $26,500 per semester [9].

*,Finally, let me emphasize that the degree programs, and the curriculum within them, are effectively identical at public schools and private schools.

The faculty at public and private schools borrow each otheru2019s exercises, lecture slides, and syllabi quite often.

,Hereu2019s a slide from Stanfordu2019s convex optimization course (top) and from Berkeleyu2019s (bottom) [10].

,Projects for CS221 at Stanford (top) and CS 188 at Berkeley (bottom) [11].

,So, how are consumers deriving five times the value from an elite private education?,The allure of private schools can be condensed into a single word: prestige.

The formal definition of prestige is u201cwidespread respect and admiration felt for someone or something on the basis of a perception of their achievements or quality.

u201d Prestige is aesthetic, itu2019s pure, unadulterated image utility.

The ruling class will pay a fortune to receive it, and private institutions will spend a fortune to deliver it.

,In a final exercise, letu2019s discuss how private schools implement these marketing strategies.

,Optimizing for u201cselectivity.

u201d These schools have enough money to expand courses, build more student housing, and be more inclusive.

But why eliminate your competitive advantage? Sub-5% acceptance rates are the crux of the u201coh wow you went to school Xu201d effect.

Exclusivity is a defining characteristic of academic prestige.

,Emphasis on alumni donations.

Despite having an endowment exceeding $37 billion in 2015, Harvard maintains an army of employees that work to collect donations from prominent alumni, and hauled more than $1 billion in alumni donations in the same year [12][13].

,Advertising academic successes.

You probably know some famous people from UChicagou2019s economics department, and Princetonu2019s Mathematics department.

,Open-sourcing academic resources.

MIT OpenCourseWare is the most prominent example.

Harvard appears to be doing something similar with CS50.

Open-sourcing these resources boosts the reputation of the departments.

,Going overboard on literally everything, because they have more money than they could possibly spend.

The prologue to the final lecture of CS50 at Harvard is a professionally produced music video, followed by a captivating piano performance [14].

The course is streamed at CS50 Video, and the cinematography on these webcasts almost makes you feel like youu2019re watching a Game of Thrones episode.

2 things:,What student doesnu2019t want to be in that lecture hall?,In what way does this optimize for learning?,Just go walk around Stanford, or look up images on the Internet.

Their newest project has been building unnecessary roundabouts everywhere, and putting gardens in them.

,All of this creates a positive feedback loop.

Students who feel u201cluckyu201d to go to these schools become part of a growing alumni network, attribute some of their downstream success to the institute, and feel compelled to donate when the school comes for their wallets.

Then, the universities can spend more on building prestige by funneling capital into research, athletics, advertising, and lecture music videos, which makes the growing alumni network feel even luckier.

,Image utility dominates our perception of value, even for the most logical and data-driven people, and even when the stakes are high.

,Humans are fascinating.

,u2014,*There are caveats to my analysis here.

Most notably, private institutions can offer generous, need-based financial aid packages to students at higher rates than public institutions.

Additionally, public school tuition is astronomical for international and out-of-state students, and prospective students should consider public schools as privates in those cases.

Finally, in-state public schools vary wildly in quality from state-to-state, and California happens to have good ones.

,