Human resource management is a field that has evolved a great deal since its beginning about 1900. It began primarily as clerical operation concerned with payroll, employee records, and arranging community visits. The social legislation of the 1960’s and 1970’s forced dramatic changes.
Human resource management is the design of formal systems in an organization to ensure effective and efficient use of human talent to accomplish organizational goals. Whether a big company with 10,000 employees or a small non-profit organization with 10 employees, those employees must be paid, which means an appropriate and legal compensation system is needed. Employees also must be recruited, selected, trained, and managed. Each of these activities requires thought and understanding about what will work well and what may not. Research on these issues and the knowledge from successful approaches form the basis for human resources management.
Human resources are the most valuable and unique assets of an organization. The successful management of an organization's human resources is an exciting, dynamic and challenging task, especially at a time when the world has become a global village and economies are in a state of flux. The scarcity of talented resources and the growing expectations of the modern day worker have further increased the complexity of the human resource function. Even though specific human resource functions/activities are the responsibility of the human resource department, the actual management of human resources is the responsibility of all the managers in an organization. It is therefore necessary for all managers to understand and give due importance to the different human resource policies and activities in the organization. Human Resource Management outlines the importance of HRM and its different functions in an...