IMPORTANCE OF HUMAN RESOURCE MANAGEMENT (HRM)

            The significance of Human Resource Management can be discussed at four levels namely corporate, professional, social and national.

          Significance of Corporate Enterprise:            

                    Human Resource Management can helps an enterprise in achieving its goals more efficiently and effectively in the following ways.

•  Attracting and retaining the required talent through effective Human resource planning, recruitment, selection, placement, and orientation compensation and promotion policies.
• Developing the necessary skills and right attitudes among the employees through Training, development, performance etc.
• Securing willing co-operation of employees through motivation, participation, grievance handling etc.
• Utilizing effectively available Human Resources.
• Ensuring that the enterprise will have in future a team of competent and dedicated employees.                                                                                                                                            
• Professional Significance:

                 Effective Management of Human Resources helps to improve the quality of work life. It permits team work among employees by providing a healthy, working environment. It contributes to professional growth in the following ways.

• Providing maximum opportunities for personal development of each employee.
• Maintaining healthy relationships between individuals, and different work groups Allocation work property.                                                                                                                                                                                                                                                                                        
• Social Significance:

                Sound Human Resource Management has a great significance for the society. It helps to enhance the dignity of labour in the following ways.

• Providing suitable employment that provides social and psychological satisfaction to the people.
• Maintaining a balance between the job available and the job seekers in terms of numbers, qualification, needs and aptitudes.
•  Eliminating waste of human resources through conservation of physical and mental health.                                                                                                                                                                National Significance:

             Human Resources Management play a vital role in the utilization of nation’s natural, physical and financial resources require an efficient and committed manpower. There are wide differences in development between countries with similar resources due to differences helps to speed up the process of economic growth that in turn leads to higher standards of living and full employment.

Human resource management has become very significant in recent decades due to the following.

• Increase in the size and complexity of organization e.g. a MNC employing million persons.
•  Rapid technology developments like automation, computerization etc.
•  Rise of professional and knowledgeable workers.
•  Increasing proportion of women to the work force.
• Growth of powerful nation-wide trade unions.
• Widening scope of legislation designed to project the interests of the working class.
• Revolution in information technology that might effect the work force.
• Rapidly changing jobs and skills requiring long-term manpower planning. 

HUMAN RESOURCE MANAGEMENT (HRM)

 What is an organization?

                   Organizations comprise of people and function through efforts of an individual. Without people organizations cannot exits. The resource of men, money, materials and machinery are collected, co-ordinated and utilized through people. These resources by themselves cannot fulfil the objectives of an organization. They should be united into a team. It is through the combined efforts no organization can achieve its goals.

  
Definitions of Human Resource Management (HRM)   

          "Human Resource Management or Personnel Management or HRM can be defined as planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and separation of human resources to the end that individual,organizational and social objectives are achieved."
                                                                                           - Edwin Flippo 

           "HRM is a process comprising four functions - acquisitions, development, Motivation and maintenance of Human Resources."
                                                                                           -Robins & Duecento

        “ Business houses are built or broken over time not by markets capital, patents or equipments but by men”. From the national view point Human resources management may be defined as “the knowledge, skills, creative abilities, talents and aptitudes obtained from the population”.                                                                                            
                                                                                            -L.F. Uric

                                Human Resources Management (HRM) can be defined as managing (planning,organising,directing and controlling) the functions of employing,developing and compensating to human resources resulting in creation and development of human relations with a view to contribute proportionately to the organisational,individual and social goals.

                               In the view point of an organization, human resources represent the individuals at work. According to Juices, human resources or human factors refers to “a whole consisting of interrelated, interdependent and interacting physiological, sociological and ethical components”. Thus human resources represent the quantitative and qualitative measurement of the work force required in an organization.