Industrial relations in HRM encompass the frameworks, laws, and practices that govern the relationship between employers, workers, and unions, aiming for productive workplaces, fair treatment, and effective dispute resolution in a rapidly evolving economy. Industrial Relations Code 2020 The Industrial Relations Code, 2020 consolidates the Trade Unions Act 1926, Industrial Employment (Standing Orders) Act 1946,…
Personnel management focuses on planning, acquiring, developing, compensating, and maintaining a workforce to achieve organisational objectives effectively and lawfully, spanning managerial and operative functions across the employee lifecycle. Personnel function Personnel functions typically span procurement, development, compensation, maintenance, and integration, combining planning, organising, directing, and controlling to align people practices with business strategy. Operative responsibilities…
In today’s competitive business environment, human capital has emerged as the most valuable asset for organisations. Effective Human Resource Management (HRM) goes beyond just hiring talent; it focuses on nurturing, motivating, and developing employees to align with organisational goals. Motivation, training, and skill development form the cornerstone of HRM practices, ensuring that employees not only…