Human Resource Management

Topics: Maslow's hierarchy of needs, Human resource management, Abraham Maslow Pages: 13 (2283 words) Published: March 14, 2015


Contents
1) Abstract………………………………………………………….2 2) Introduction (What is HRM?)…………………………………2 3) HRM vs. Personal Management…………………………..3 & 4 4) McGregor Theory X and Y………………………………..4 & 5 5) Analysis………………………………………………………….6 6) Abraham Maslow’s Hierarchy of Needs……………....6, 7 & 8 7) Analysis………………………………………………………….9 8) Conclusion…………………………………….………….…….10 9) References………………………………………………...11 & 12

Abstract:
This report is a guide about human resource management and a detailed theory of two models that is used in HRM. It is the activity done by the management in the firms to recruit, retain and motivate their workers. HRM is the package of strategies, agendas and plans which the firms implement with the aim of making optimum use of the individuals they employ. This means, everything starting from recruitment and selection methods to how to handle or treat them. (Walker, 2013)

Introduction: What is Human Resource Management?
Human resource management (HRM) is the authority of an organization’s or a firm’s employees. Human Resource Management is often stated as human resources (HR). The human resource department is solely accountable for producing, executing or overseeing the policies regarding the employees’ behavior in the working environment and the behavior of the organization toward the employees. People who work for the firm are the human resources of that organization. Management of these human resources is really the employee management with a vision or highlighting those workers as assets of the organization. Workers are often referred to as human capital in this perspective. Considering the other business assets; the main aim is to make optimum utilization of the employees, reducing risk associated with it and get the most of the return on investment (ROI). (Margaret Rouse, 2011)

Fig: Human Resource Management

HRM vs. Personnel Management:
1) Personal management is an old traditional method of supervising people in the firm. On the contrary, human resource management is a new modern approach of managing employees and dealing with their weakness by providing appropriate training and development within the organization. 2) Personal administration, welfare of the employee and labor welfare are the areas that is focused by personal management. Whereas human resource management deals with achievement, development, maintenance and motivation of employees in the firm. 3) Personnel management undertakes the employee of the organization for attaining the targeted output. In this aspect, human resource management assumes the employee as a vital and valuable resource for attaining the desired output. (N Nayab, 2013)

Human Resource Management Models/Theories:
McGregor’s Theory X and Y:
Theory X and Theory Y are the two theories which talks about human motivation that has been created and developed by Douglas McGregor at the MIT Sloan school of management in the 1960s and since then this theory is being used in human resource management. It talks about two opposing models of motivation regarding the workforce. (Tim Hindle, 2008) Theory X:

As per this theory, a Type X person is considered to be intrinsically lazy and do not like their job much. Hence, the administrative style needed to ensure that the employees complete their task is authoritative. Comprehensive system of control need to be introduced and the employees are always needed to be managed and supervised very closely at all times. A categorized structure of hierarchy is needed to be developed with narrow span of control at each and every stages of hierarchy. This theory suggests that the workers will show little interest towards their work without a tempting incentive package/program and will try to avoid duty or responsibility whenever possible. Managers of theory X have a tendency to believe that all the work done can be traced back and the employee involved in that particular task needs to be directly rewarded or punished depending on...

References: Boeree, D. (2006). Abraham Maslow. [online] Webspace.ship.edu. Available at: http://webspace.ship.edu/cgboer/maslow.html [Accessed 5 Dec. 2014].
Green, C. (2000). Classics in the History of Psychology -- A. H. Maslow (1943) A Theory of Human Motivation. [online] Psychclassics.yorku.ca. Available at: http://psychclassics.yorku.ca/Maslow/motivation.htm [Accessed 5 Dec. 2014].
Gregor, M. (1960). Theory X and Theory Y. [online] Wikipedia. Available at: http://en.wikipedia.org/wiki/Theory_X_and_Theory_Y [Accessed 4 Dec. 2014].
Hindle, T. (2008). Theories X and Y. [online] The Economist. Available at: http://www.economist.com/node/12370445 [Accessed 4 Dec. 2014].
Rouse, M. (2011). What is human resource management (HRM)? - Definition from WhatIs.com. [online] Searchcio.techtarget.com. Available at: http://searchcio.techtarget.com/definition/human-resource-management-HRM [Accessed 3 Dec. 2014].
Teachspace.org, (n.d.). MBO, TQM, & ISO � Abbreviations That Take a While. [online] Available at: http://www.teachspace.org/personal/research/management/mbo_tqm_iso.html [Accessed 5 Dec. 2014].
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