Abstract
Impact of HRM Strategies on Employee Career Growth and Development – The purpose of this study is to give a brief explanation about career development because many organizations and employees find it challenging to develop an effective career development strategy. This study addresses career development definitions, career development components, process and strategies. It also addresses the career management model, finalizing with recommendations for organizations and employees and a conclusion. Human Resources plays a vital role in the development of an organization’s life cycle, from its formation to growth and then to decline. When we refer to the term human resources, it encompasses the body of knowledge, skills, creative abilities, talent and aptitudes which is available in the population. In other words, human resource may be defined as “the set of individuals who make up the workforce of the organization, business sector or economy”. HR Practices related to organization relates to the management and development of the personnel who work it. HR Practices involve various parameters under each practice followed by the organization that is acquisition, development, management, maintenance, integration and control of the human resources working in the organization.
Introduction
Human Resource Management (HRM) can be said to be a new way of thinking about how the people part of an organization should be managed at the workplace. In practical terms, Human Resource Management includes all aspects relating to the employer-employee relationship. HRM is directed to help support and manage the manpower and the associated processes of an organization and as such HRM is viewed as a core business function which is said to hold the key for the smooth functioning of an organization. Human resource management is described to define the planning, organizing, directing and controlling of the procurement, development of human resources in order to meet the objectives of the individuals and the society. This definition shows us that human resource (HR) management is that aspect of management, which deals with the planning, organizing, directing and controlling aspects of the human resources function of the enterprise. Human Resource Management is that branch of management which deals with employees and focuses on those operational details concerned with the employer to employee and relationship of the employees with their employees and with the development of the individual and his output and functioning in the group.
Human Resources plays a vital role in the development of an organization’s life cycle, from its formation to growth and then to decline. When we refer to the term human resources, it encompasses the body of knowledge, skills, creative abilities, talent and aptitudes which is available in the population. In other words, human resource may be defined as “the set of individuals who make up the workforce of the organization, business sector or economy”. HR Practices related to organization relates to the management and development of the personnel who work it. HR Practices involve various parameters under each practice followed by the organization that is acquisition, development, management, maintenance, integration and control of the human resources working in the organization.
It can be said that among the support functions, the HRM (Human Resource Management) function is one of the most crucial components of an organization. Besides the finance function, which provides funds and control of different organizational functions, it is the HRM function which facilitates implementation of organizations HR policies and procedures while at the same time handling the employee’s communications and handling of grievances of the employees. As stated earlier, the HRM function besides the HR planning and hiring function also takes care of the training and development of employees, managing the appraisal of the human resources working throughout the organization, mentoring and guiding employees, determining the pay structures and grades of employees, managing their growth and progression, and monitoring the satisfaction levels and managing organizational development interventions etc. It implies that the task of HRM function is specifically designed to focus on the “people” side of the organizational processes. The fast emergence of the service sector viz. Information Technology, Banking, Insurance, Financial Services, Business Process Outsourcing, Artificial Intelligence etc., has elevated the importance of people in the various organizations wherein they are reckoned as the key resource and in such a scenario, the significance of the HRM function has grown by leaps and bounds.
Objectives of the Study
- To research the profile of the employees selected for the study.
- To explore the Human Resource Management dimensions practices in company
- To analyse the level of Career growth and Development maintained in the selected company
- To assess the demographic variables, influence over Career growth and Development.
- To identify the relationship between Human Resource Management dimensions and Career growth and Development in the company
Need for the Study
- The purpose of this research was to evaluate the level of Career growth and Development through the effectiveness of Human Resource Management practices in the organizations.
- In this research Human Resource Management dimensions are studied and their practices are to be estimated and how effective they are related with the Career growth and Development.
- Finally based on the analysis that is done and the results which are obtained, suggestions are made to improve the effectiveness of Human Resource Management.
- Also, during this research it is tried to study the perception of the employees on various dimensions of Human Resource Management by studying and investigating.
Components of a Project Report
A project report varies according to the MBA final year project course at top colleges, depending on the consequences and the requirements of the concerned project. But broadly, a project covers the following components:
- Title page
- Table of contents
- Introduction
- Background of the project
- Project objectives
- Methodology
- Results
- Discussion and Analysis
- Conclusion
- Bibliography or references
- Appendices
Project Report Pages : 80
Can be used in : HR Final Year Project
Delivery Time : Within 2 hours.
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