Policy of Human Resource Management Case Study of Two Commercial Banks

Topics: Human resource management, Management, Human resources Pages: 3 (941 words) Published: January 2, 2013
What is Human resource management?

Human resource management (HRM) is a function with an organization that focuses on recruitment of, management of, providing direction for the people who work in the organization and that deals with issues related to the people such as compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration and training Human Resource Management can also be performed by line managers and it is the term or name of the function with an organization charged with the overall responsibility for implementing strategies and policies relating to the management for individuals. When any organization starts to vision their business, their first priorities is to hire competent work force, i.e., right person for the right job. After this, all other tangible and intangible resources are decided. HR can improve the level of management, be helpful in increasing the efficiency, and let the manager to be effective. So, human resource is a strategic asset of an organization. Without the corporation of HR, there would be no chance of company plans, no help for executive programs, no smooth achievement of the aims and no proper feedback, no support for efficiency, or even the products would not be attractive for the customers. The manager is recognized as a holder of organization by his knowledge and art. The running of these arts and knowledge needs supporter called staff and are human resource of an organization. Human resource may set strategies and development policies, standards, systems, and processes that implement these strategies in a whole range of areas. The following are typical of a wide range of organizations: staffing, training and development, maintains, and motivation. Essentially, the purpose of HRM is to maximize the productivity of an organization by optimizing the effectiveness of its employees. The mandate is unlikely to change in any...
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