Management’s basic need is the effective utilization of human resources for the achievement of organizational objectives via, profitable operations and growth through the satisfaction of certain needs of the customers and society. Every aspect of a firm’s activities is determined by the competence, motivation and general effectiveness of its human organization.
Definition: Human Resource:
The term human resource may be defined as the total knowledge skills, creative abilities, talents and aptitudes of an organization’s workforce, as well as the values, attitudes, approaches and beliefs of the individuals involved in the affairs of the organisation. It is the sum total or aggregate of inherent abilities, acquired knowledge and skills represented by the talents and aptitudes of the persons employed in an organisation.
Definition of personnel/human resource management
Personnel management has come to be recognized as an inherent part of management which is concerned with the human resources of an organisation. Its objective is the maintenance of better human relations in the organisation by the development, application and evaluation of policies, procedures and programmes relating to human resource to optimize their contribution towards the realization of organisation objectives.
Human Resource Management means management of the dynamic resource of all the people at all levels in the organsitional hierarchy round the clock throughout the year.
It represents significant measure of utilising human resources to achieve organizational goals for applying behavioral sciences. The main aim of HRM is to achieve the organizational ad individual goal by the ensuring the most effective use of employees in the organization. It also aims at providing for and coordinating te human resources.
Scope of HRM
The scope of human resource
management includes the following
- Organisation of human resource management department
- Strategic human resource management
- Employment of personnel
- Development of human resources
- Wage and Salary administration
- Maintenance of human resource department
- Motivating the human resource
- Participative management.
Significance of Human Resource
Management
- It increase the importance and honour of individual by providing welfare and freedom in organizational environment
- It helps every member of the organisation to maximize his contribution by developing and using his skill in their jobs.
- It provides necessary working conditions and policies and thereby it motivates the employees for effective teamwork.
- It ensures conservation of human resource by preventing the wastage arising out of idleness, wrong placement policies etc.,
- It helps in attracting and retaining talented personnel in the organisation.
- By adopting proper recruitment and selection practices. It helps in finding out best people for various jobs and also in placing right person in the right job.
Function of Human Resources
Management
Human resource management is the
most important respect of the management. All aspects of human relations are
covered under the scope of human resource management.
- Managerial Function
- Operative Function
1) Managerial Functions
- Planning
- Organising
- Directing
- Controlling
2) Operative Functions
a) Procurement of People
- Job Analysis
- Human Resource Planning
- Recruitment
- Selection
b) Human Resource Development
- Performance Appraisal
- Training
- Management Development
- Career Planning and Development
- Organisation Development
c) Compensation
- Job evaluation
- Administration for work
- Incentive for work
- Bonus
- Fringe benefits
- Social security measures
d) Maintaining Human Relations
e) Measuring the effectiveness of
Human Resource Management
- Study of Organizational health
- Human Resources Accounting
- Human Resource Audit
- Human Resource Research
Environment of Human Resource
Management
- Demographic Environment
- Economic Environment
- Social and cultural Environment
- Political and Legal Environment
- Technological Environment
HRM Instruments
The objectives of HRM
- To build human competencies
- To build a climate and improve employee satisfaction with work
- To develop competency of individual
- To develop competency of dyads
- Team collaboration for organizational goal
