The principle source of any organization is the people managing its people are the most important aspect of managing organization. No longer is manpower one of the resources in industries or business and establishment. It is the most important of all resources. Manpower is that resource through which the management directs and controls resources like material, money, machines and others.
A. Human resource management:
"Personnel management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and separation of HR to the end that individual, organizational and societal objective and accomplished."
Objectives of Human Resource Management
a) Effective utilization of human resources in the achievement or organizational goals. b) Establishment and maintenance of an adequate organizational structure and desirable working relationships among all members of the organization. c) Securing integration of the individual and informal groups with the organization and there by their commitment, involvement and loyalty. d) Recognition and satisfaction of individual needs and group goals. e) Provision for maximum opportunities for individual development and advancement. f) Maintenance of high morale of human organization.
g) Continuous strengthening and appreciation of human assets. 2. Scope of HRM:
The scope of HRM is very vast, all the major activities in the working life of the employee from the time of his/her entry in to the organization until he/she leaves. The organization come under the purview of HRM, it includes activities like human resource planning, training and development, performance appraisal and job evaluation, employee and executive remuneration, motivation and communication, welfare, safety and health, industrial relations and prospects of HRM.
3. Importance of human resources:
Human resources may be through of as the total knowledge skills, creative abilities, talents and aptitudes values and attitude of the people who from the organization workforce human resource needs to be achieving organizational and individual goals. It is the most valuable asset to an individual goal. It is an economic resource, covering all human resources organized and unorganized, employed/ capable of employment. Working at all levels, hence the importance of human resources. Effective management of manpower is the key to a successful organization. Since it is the factor responsible for performing of the organization goals. The essential for accomplishment of the organizational goals. The dynamic natural of man poses a challenge to the task of personnel management. 4. Objectives of HRM:
In one word, the main objective of HRM is "empowerment of employees" in broader terms however the objectives of HRM are to secure the following:
Industrial peace: with peace, prosperity is not possible, excellent union management relations; healthy interpersonal relationship, promoting participative management style and good individual and Labour relations can secure peace.
Achieve high productivity: the underlying objective here is to increase the quantity or volume of the product or service for a given input. Increasing the capital investment, by innovating, learning and by motivating the employees, does this.
Improve quality of work life of employees: quality of work life means improving the "intrinsic" and extrinsic factors connected with work. To improve quality of work life, there should be:
➢ Autonomy: extent of freedom of action available in the job such as delegation of authority, flexibility of timings in the work. ➢ Recognition: appreciation of the good work done by the employees. ➢ Sense of belonging: it refers to commitment to the organizations objectives ➢ Career prospects and self development: it is a condition when individual expectations and organizational...