Presentation | 5P's in Human Resource | PMG Engineering

5P's in Human Resource

The 5 P's of human resource management provide a framework for organizations to effectively manage their workforce and create a positive workplace culture that supports employee engagement and productivity. By focusing on these key components, organizations can build a strong HR strategy that attracts and retains top talent and supports the organization's overall goals and objectives.

PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 5 P’s Of Human Resource Management Competent People. Smarter Work Systems. Exceptional Customer Interactions. 1 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering List Of Content 1. Introduction 2. The 5P’s of Human Resource 3. Conclusion Competent People. Smarter Work Systems. Exceptional Customer Interactions. 2 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 1. Introduction • The 5P’s HRM Model is a form of strategic HRM developed in 1992 by Randall S. Schuler. • 5P’s Model was used by M. G. Pryor, C. White, and L. Toombs in 1998, as a tool for the long-term continuity and progress of businesses, operating with the same components. • According to the 5P’s HRM Model, organizational performance directly depends on the performance of people engaged in processes. Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 3 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 2. What are the 5 P’s of Human Resource Purpose Performance Principles People Processes Competent People. Smarter Work Systems. Exceptional Customer Interactions. 4 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 2.1. Purpose • The purpose the organization’s vision, mission, and primary objectives. here means • While setting up any organization, it is important to clearly set the objectives. • So, the First step of the 5 P’s – purpose indicates that what is the purpose of the organization and its mission and vision. Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 5 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 2.2. Principles • Principles are defined as operational protocols set to lead to achieve a purpose. • There are many ways of doing a thing, but the point is what is the right way? • There are principles because the right way needs to be understood by the employees to achieve the goal. Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 6 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 2.3. Processes • Processes are the third and main point after setting the principles. • Setting up the principles requires a correct process to execute. • If the right process is not designed, there shall be chaos. • What is important is creating a system, and organizational method of operation for execution. architecture, Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 7 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 2.4. People • People are vital Human Resources. • If people are not performing, no matter how good principles and processes are, they shall fail. • People are the biggest resource to any company or organization. • Organizations are successful because and hardworking employees of contributions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 8 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 2.5. Performance • Every organization works for the end result. • The result might take some time. It is also possible that one gives their best the output one but does not get wants. • Sometimes some there environmental factors, but ultimately what one should do is keep trying. are Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 9 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 3. Conclusion • The 5 P’s Model elaborates on both Global HRM and strategic HRM. • The 5 P’s of HRM should be aligned and balanced, if any company is able to manage these 5 P’s guarantees there is a 100% success rate for the organization. • Balancing 5 P’s is not easy as they are integrated with each other. Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 10 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering 4. Reference • https://www.youtube.com/watch?v=z QJPooaJcnk&t=951s • https://inside.6q.io/5-human- resources-models/ • https://www.expresshealthcare.in/blo gs/guest-blogs-healthcare/5-ps-of- human-resources/401204/ Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 11 PMG Engineering Private Limited The End-to-End Engineering Company in Food Industry info@pmg.engineering | www.pmg.engineering About PMG Engineering Competent People. Smarter Work Systems. Exceptional Customer Interactions. Competent People. Smarter Work Systems. Exceptional Customer Interactions. 12 We deliver End-to-End Engineering Design and Construction Management Projects in Food and Beverage Industry. Meeting Global Benchmarks In ENGINEERING DESIGN and PROJECT MANAGEMENT for FOOD and BEVERAGE Industry with SINGLE POINT ACCOUNTABILITY Process Engineering | Project Management | Mechanical | Electrical | Automation | Food Safety Key Clients We deliver End-to-End Engineering Design and Construction Management Projects in Food and Beverage Industry. Meeting Global Benchmarks In ENGINEERING DESIGN and PROJECT MANAGEMENT for FOOD and BEVERAGE Industry with SINGLE POINT ACCOUNTABILITY Process Engineering | Project Management | Mechanical | Electrical | Automation | Food Safety Key Clients We deliver End-to-End Engineering Design and Construction Management Projects in Food and Beverage Industry. Meeting Global Benchmarks In ENGINEERING DESIGN and PROJECT MANAGEMENT for FOOD and BEVERAGE Industry with SINGLE POINT ACCOUNTABILITY Process Engineering | Project Management | Mechanical | Electrical | Automation | Food Safety Key Clients

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