Introduction to Human Resource Management.
Human Resource Management is concerned with the people dimension in management since every organization is made up of people acquiring their services developing their skills motivating them to achieve a higher level of performance & ensuring that they continue their commitment to the organization & which is essential in achieving an organizational objective. This is true regardless of the type of organization, Government, education, health, recreation, or social action. H.R.M. is planning, organizing, Directing, Controlling, developing, compensation, integration, maintenance & separating HR to the end that individual & organizational & social objectives are accomplished. Thus H.R.M refers to a set program, function & activities designed & carried out in order to maximize both employee as well as organizational effectiveness
Meaning
Human resource management is a management function that helps the manager to recruit select, train, and develop members of the organization Because human force acts as the heart of an organization without humans organization cannot achieve its predetermined goals. In fact, H.R.M. is a management function concerned with hiring and motivating & maintaining people in the organization.
Definition
“H.R.M is a series of integrated decisions that form of employment relation the quality contribute to the organization while employees to achieve their objectives.”
- Significance Of H.R.M
H.R.M. plays a crucial role in employee satisfaction, improving performance and productivity. This helps in the organization’s competitive advantage, and it contributes to the organization’s success. Every organization starts with a vision that their business, the first priority is to hire a competent workforce means the right person in the right place and the right time.
1. Human resource in nations well being
The lack of human efficiency and adequate human resource is largely responsible for the backwardness of the country. Countries are underdeveloped because they are people are uneducatedly resulting in the underdevelopment of the nation. Hence the quality of people is a reason for economic development
2. Man v/s Machine
Most of the problems in an organization are human rather than physical or technical.No industry can be rendered efficiently for so long without human beings because all the machines with the latest technology are created by human minds only.
3. H .R Management & General Management
Management is the process of getting things done through people. Among all four being’ i.e Man, Machine, Material,& Money the management of man is not only fundamental but also dynamic and challenging.
4. Human Resource System is a central subsystem
H.R. operates & control all the subsystem in the organization overall organization performance may be viewed by individual performance .so it is viewed that the development of an organization is not only solely but heavily depends on the quality workforce.
5. Human Resource Accounting
It is accounting for people in organization resources. It is the measurement of the cost & value of people required for an organization.
6. Human Resources & market economy.
Knowledge plays a vital role in the modern economy as stated earlier there are three important areas of human resource I,e skill, ability,& knowledge according to P.F Drucker knowledge is the only meaningful resource today if the employees of an organization are knowledgeable about the current market which helpful for organization development
7. Knowledge & Competitive advantage.
Modern business is been undergoing changes at a faster rate due to changes in technology, liberalization, etc. Knowledge is a significant aspect of the business. the business should have knowledgeable employees to have a competitive advantage and to be successful in a competitive environment.
8. Product & Human Resources.
Many companies are based on the strength of their products. These companies have to use people as a source for winning in the competitive era. Creative and innovative products can be developed through human effort. A successful product is developed by using knowledge as a core competency of the company.