HUMAN RESOURCE MANAGEMENT (HRM)
Human Resource Management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and separation of human resource to the end that individual, organizational and social objectives are accomplished. In simple language the HRM means management of people at work.
CONCEPT OF HRM
۰ Human Resource Management is the process which binds people with organization and help both to achieve each others goal.
۰ Human Resource Management is branch of management that deals with people at work.
۰ Human Resource help in transforming the lifeless factors of production into useful products.
۰ They can help an organization achieve results quickly, efficiently and effectively.
SCOPE OF HRM
۰ Personal Aspect -
It is concerned with manpower planning, recruitment, selection, placement, transfer, promotion, training & development, lay-off & retrenchment, remuneration, incentives, productivity, etc.
۰ Welfare Aspect -
It deals with working conditions and amenities such as canteens, crunches, rest & lunch rooms, housing, transport, medical assistance, education, health & safety, recreation facilities, etc.
۰ Industrial Relations Aspect -
This covers union-management relations, joint consultation, collective bargaining, grievance & disciplinary procedures, settlement of disputes, etc.
IMPORTANCE OF HRM
1)- At The Individual Level -
۰ It promotes team work and team spirit among employees.
۰ It offers excellent growth opportunities to people who have potential to rise.
۰ It allows people to work with diligence and commitment.
2)- At The Enterprise Level -
۰ Good HR practice help in attracting and retaining the best people in the organization.
۰ It helps in training people for challenging roles, developing right attitude towards the job and the company, promoting team spirit, commitment, etc.
3)- At The Society Level -
۰ Employment opportunities multiply.
۰ Scarce talents are put to best use.
CONCLUSION
Human Resource Management can be done internally or externally. Whichever way you choose to do it, Human Resource Management is important for keeping employees satisfied and productive. Remember you don't have a responsibility only to consumers but to your employees also, they could decide the fate of your business.
