This is a project useful for students of MBA for partial fulfillment of their MBA degree. It was conducted in Andrapradesh, India.
Human resource is considered to be the most valuable asset in any organization. It is a crucial subsystem in the process of management. The success or failure of an organization not only depends on material, machines and equipment but also on the personnel (Human Resource) who are put in their best efforts for efficient performance at the job.
Introduction of high-tech machineries and equipments, modernization of technology and techniques, computerization of data processing, introduction of micro process controlled CNC machines in many manufacturing operations, introduction of quick communication system, introduction of robots in repetitive manufacturing operation, and other developments have brought with well trained, technically qualified and highly skilled manpower.
HUMAN RESOURCE MANAGEMENT :
Human resource management is the management of employee’s skills, knowledge, talents aptitudes creative abilities etc., here, employees are treated as resource. Employees are treated as profit centers and therefore, capital is invested for human resource development and future utility. DEFINITION :
“personnel Management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and separation of human resources to the end that individual, organizational and societal objectives are accomplished.” - Edwin.B.Flippo.
“Personnel management is the part of management progress which is primarily concerned with the human constitution of organization.”
- Brech MANAGEMENT :
“Management is what a manager does.”
- Louis Allen
“Management is the art and science of decision-making and leadership.”
- Donald J. Clough
“Management is the art of knowing that you want to do… in the best and cheapest way.” F.W.Taylor
IMPORTANT OF HUMAN RESOURCE MANAGEMENT :
Human resources play a crucial rolling the development process of modern economics. It is, through the combined effort of, Men, Material Machine, Organizational goals are achieved. An efficient human resource management takes work from the whole personnel and gains the objective. Human resource management has a place of great importance.
Importance of human resource management can be discussed from three standpoints. Social Significance.
Significance for individual enterprise.
Social Significance: Proper management of professional’s enhances their dignity by satisfying their social needs. This is does by Providing suitable and most productive employment, which might bring them psychological satisfaction. Eliminating waste or improper use of human resource, through conservation of their normal energy and health. By helping people make their own decisions that are in their interests. Making maximum utilization of resource in an effective manner and paying the employee a reasonable compensation in proportion to the contribution made by him.
Professional Significance : By providing healthy work environment it promotes teamwork in the employees. It provides maximum opportunities for personal development. This takes place by… Maintaining the dignity of the employee as a ‘human being’. Providing maximum opportunities for personal development.
Improving the employee’s working skill and capacity.
Correcting the errors of wrong postings and proper reallocation work. Significance for individual enterprise: It helps organization in accomplishing its goals by… Creating right attitude among the employees through effective motivation Utilizing effectively the available human resources.
It promotes teamwork in employees by providing healthy working environment. It helps...
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