IMPORTANCE OF HUMAN RESOURCE MANAGEMENT - HUMAN RESOURCE MANAGEMENT



IMPORTANCE OF HUMAN RESOURCE MANAGEMENT

BY

SMART LEARNING WAY

CONTENTS

Introduction of HRM

Definition of HRM

Importance of  HRM

Characteristics of HRM

Summery

Bibliography

Introduction of HRM

         HRM is a management function involving procurement of suitable human resources, train and develop their competencies, motivate them, reward them effectively and create in them an urge to be part of the management team whose aim should be rendered, dedicated, committed service for the success and growth of the organization.

      The term human resources spell the total sum of all the components ( like skill, creative abilities ) possessed by all employees and other person( like self employees, employees, owners, etc.) who contribute their services to attain the organizational objectives and goals. Human resource include human values, ethos. The term HRM is much more broader compare to the term personnel management’s level or in coverage at organization level.

DEFINITION OF HRM

 HRM is concerned with the people who work in the organization to achieve the objective of the organization. It concerns with acquisition of appropriate human resources, developing their skills and competencies, motivating them for best performance and ensuring their continued commit organizational objectives.

This definition  applies to all types of organizations, e.g., industry, business, government, education, health or social welfare of the people.

HRM refers to activities and functions designed and implemented to maximize organizational as well as employees effectiveness.
HRM relates to the total set of knowledge, skills and attitudes that firm need to compete. It involves concern for action in the management of people, including selection, training and development, employee relations and compensation.

HR of an enterprise have been defined as the knowledge, skills, creative abilities, talent and aptitude of its employee.

Importance of human resource management

  the significance of human resource management  Can be discussed at four level

1)      Corporation

   2)  Professional

   3)  Social

   4)  National


Significance

1.)    An enterprise:

a)      Attracting and retaining the required talent through effective human resource planning, recruitment, selection, placement, orientation, compensation and promotion policies.

b)      Developing the necessary skills and right attitudes among the employees through training, development, performance appraisal, etc.


c)      Securing willing co-operation of employees through motivation, participation, grievance handling, etc.

d)      Utilizing effectively the available human resources.


e)      Ensuring that the enterprise will have in future a term of competent and dedicated employees.

2)      Professional significance

 Effective management of human resource helps to improve the quality of work life. It permits term work among employees by providing a healthy working environment. It contributes professional growth in the following ways:

   a) Providing maximum opportunities for personal development of each employee.

   b) Maintaining healthy relationships among individuals, and different work groups.

  c) Allocating work properly.

3) Social significance
       Sound human resource management has a great significance for the society. It helps to enhance the dignity of labor in the following ways:

a)      Providing suitable employment that provides social and psychological satisfaction to people.

b)      Maintaining a balance between the jobs available and the jobseekers in terms of numbers, qualifications, needs and aptitudes.


  c) Eliminating waste of human resources through conservation of physical and mental health.

4)      National significance:

    Human resources and their management plays a vital role in the development of a nation. The effective exploitation and utilization of a nation’s natural, physical and financial resources require an efficient and committed manpower.

There are wide differences in development between countries in the quality of their people. Countries are underdeveloped because their people are backward. The level of development in a country depends primarily on the skills, attitudes and values of its  human resources. Effective management of human resources helps to speed up the process of economic growth which, in turn, leads to higher standards of living and fuller employment.

 As the central subsystem , HRM interacts closely and continuously  with all other subsystems of an organization. The quality of people in all subsystems depends largely upon the policies, programmes and practices of the HRM subsystem. The quality of human resources determines in turn the success of an organization.

 Management is primarily dealing with human beings and human problems are present everywhere. According to Lawrence apply, “management is the development of people, not the direction of things. In the modern era of automation and competent people to run it.

Human resource management has became very significant in recent decades due to the following factors:

1)      Increase in the size and complexity of organization, e.g., a multinational corporation employing millions of persons.

2)      Rapid technological developments like automation, computerization, etc.


3)      Rise of professional and knowledgeable workers.

4)      Increasing proportion of women in the workforce.


5)      Growth of powerful nationwide trade unions.

6)      Widening scope of legislation designed  to protect the interest of the working class.


7)      Revolution in information technology that might affect the work force.

8)      Rapidly changing jobs and skills requiring long. Term manpower planning.


9)      Growing expectations of society from employers.

Characteristics of HRM

·         Comprehensive function
·         People – oriented
·         Action – oriented
·         Individual – oriented
·         Development – oriented
·         Pervasive function
·         Continuous function
·         Future oriented
·         Challenging function
·         Science as well as art
·         Staff function
·         Young discipline
·         Interdisciplinary
·         Nervous system

1.)    Comprehensive function:

          Human resource management is concerned with managing people at work. It covers all types of people at all levels in the organizations. It applies to workers, supervisors, officers, managers and other types of personnel.

2.)    People – oriented:

           Human resource management is concerned with employees as individuals as well as groups. It is the task of dealing with human relationships within an organization.

3.)    Action – oriented:

         Human resource management focuses on action rather than on record-keeping or procedures. It stresses the solution of human resources problems to achieve both organizational objectives and employees personal goals.

4. Individual – oriented:

           Under human resource management, every employee is considered as an individual so as to provide services and programmer to facilitate employee satisfaction and growth.

5. Development – oriented:

        Human resource management is concerned with developing potential of employees so that they get maximum satisfaction from their work and give their best efforts to the organization.

6. Pervasive function:

          Human resource management is inherent in all organizations and at all levels. It is not confined to industry alone. if is equally useful and necessary in government, armed forces, sports organizations and the like.

7. Continuous function:

         Management of human resources is an ongoing or never- ending exercise rather than a ‘one-shot’ function. In the words of terry, “it cannot be turned on and off like water from a faucet; it cannot be turned on and off like water from a faucet; it cannot be practiced only one hour each day or one day a week. 

8. Future oriented:

         Human resource management is concerned with helping an organization achieve its objectives in the future by providing for competent and well- motivated employees.

9. Challenging function:

           Managing of human resources is a challenging job due to the dynamic nature of people. People have sentiments and emotions so they cannot be treated like machines. It is, therefore, necessary to handle them tactfully.

10. Science as well as art:

          HRM is a science as it contains an organized body of knowledge consisting of principle and techniques.

11.Staff function:

          The function of human resource management is advisory in nature.

12.Young discipline:

          Human resource management is of comparatively recent origin at started in the last part of the 19th century.

13.Interdisciplinary:

          HRM involves application of knowledge drawn from several disciplines like sociology, anthropology, psychology, economics, etc.

14.Nervous system:

         Human resources management is similar to the nervous system in the human body. The nervous system is not an adjunct to the body but is inherent in the whole body and intimately associated with its every movement.

Summery

    The importance of human resource management discussed at corporate level, professional level, social level, and national level. In enterprise the importance for HRM is help to achieving its goal more efficiently and effectively.

In  professional level its help to improve the quality of work life. In social level its helps to enhance the dignity of labor. HRM plays a vital role in the development of nation. The effective exploitation and utilization of a nation’s  natural, physical and committed manpower. 

Bibliography

1. Personnel management  text & cases
    C.B. Mamoria
    S.V.Gankar
    Himalaya publishing house

2. Personnel management
    C.B. mamoria
     Himalaya publishing house, mumbai

3. HR & personnel management
    k. Aswathappa

4. HRM
    Dr. C.B. Gupta
    Sultan chand & sons
    Educational publishing
    New Delhi

5.Human resource management
    Dr.tripathi





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