We have great pleasure in presenting First edition “Human Capital Management” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Human Capital Management. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Module – 1 Introduction to Human Resource Management
Introduction
Human Resource Management
Definition of HRM
Objectives of HRM
Functions of HRM
Scope of HRM
Models of HRM
HRM in India
HRM in Global Environment
Evolution of HRM
HR Metrics
Human Resource Outsourcing
HR Audit
Human Resource Information System
Cultural Environment of HR
Political Environment of HR
Legal Environment of HR
Review Questions
Module – 2 Human Resource Planning: Recruitment, Selection and Induction
Introduction
Human Resource Planning
Meaning of Human Resource Planning
Objectives of Human Resource Planning
Importance of HR Planning
Job Analysis
Job Design
Job Rotation
Job Specification
Job Description
Job Evaluation
Recruitment
Purpose of Recruitment
Importance of Recruitment
Sources of Recruitment
Selection
Selection Process
Selection Techniques
Interview Process
Identifying Right Candidate
Induction
Orientation
On Boarding
Placement
Review Questions
Module – 3 Training and Development, Career Management
Introduction
Training and Development
Training Need Analysis
Designing a Training Program
Evaluating a Training Program
Training Process
Methods of Training
Job Instructed Training
Coaching
Mentoring
Job Rotation
Apprenticeship Training
Training Evaluation
Role of Training
Development Managers
Learning Theories
Social Learning Theory
Kolb’s Model on Learning Style of Individuals
Career Management
Need for Career Planning
Career Development
Steps in Career Development
Counselling in Career Development
Mentoring in Career Development
Competency
Meaning of Competency
Types of Competency
Process of Competency Mapping
Review Questions
Module – 4 Compensation and Performance Management
Introduction
Compensation
Compensation Management
Benefits of Compensation
Purposes of Compensation Management
Components of Compensation
Determinants of Compensation Strategy
Skill Based Pay
Wage
Salary Administration
Incentives
Rewards
Performance Management
Elements of Performance Management
Managing Performance
Role of Performance Managers
Responsibilities of Managers
Challenges of Managers
Pay for Performance
Performance Management
Process and Evaluation Techniques
Performance Related Issues and Concerns
Performance Improvement Process
Review Questions
Module – 5 Managing Employee Relations
Introduction
Employee Relations
Meaning of Employee Relations
Characteristics of Employee Relations
Theoretical Perspectives on Industrial Relations
Nature of Trade Unions
Causes for Industrial Disputes
Grievance Procedures
Redressal of Grievances through Collective Bargaining
Worker’s Participation in Management
Laws Relating to Employee Relations
Employee Health and Safety
Compliance and Business Ethics
Review Questions
Module – 6 HR Action Plan
Students Should Engage in Practical Learning by Conducting Structured Interviews with HR Heads or Senior HR Professionals to Understand Real-world human Resource Strategies, Challenges and Success Stories.
The Focus Must be on Exploring Leadership in HR
Conflict Resolution
Change Management
Employee Engagement
Initiatives Fostering a Positive Workplace Culture
Students Must Submit an Action Report Summarizing key
Takeaways and HR best Practices
Supplemented with Observations from Company Visits or Virtual HR Panels
