Human Resource Management
Human Resource Management is one of the important aspects of any business organization. Basically it deals with the recruitment, compensation, training, administration, communication and many other concepts of working with the people in an organization. According to (1), “The process of analyzing and managing organizations human resources needs to ensure satisfaction to its strategic objectives.” is termed as Human Resource Management.
The functions of Human Resource Management can be broadly classified in 2 types as follows-
1. Managerial Functions.
It includes the functions related to the management of the human resources of the organization.
2. Operative functions
All those functions which related to the employment, development, compensation and industrial relations of the personnel of the organization.
• Functions involving procurement;
• Development functions;
• Motivation and compensation of the personnel;
• Integration functions;
• All types of emerging issues.
Human resource management is great importance for the proper working of an organization. Generally by the word human resource management, anybody can think about the task of synchronizing in a rhythm all the people belonging to an organization. If this task is done successfully the organization runs well at speed, because in general, various kinds of organizations are extensively dependent on the skills, mutual agreements of thoughts and the quality of its human resource.
Amazingly if we are talking about the management then of course we are talking about good management, isn’t it so! Let us follow Paul Hawken as he is making learnt us about the good management. In our domain of management however, we are concerned with the people also and the whole working of the organization as well more. Solutions of the problems in Management can only be constructive. And finally if the knot to be opened reveals a wide world of creativity everyone wants to get to work and enjoy with them.
One can say that HRM is important for both the consumers and products services of the organization at all level. The organizations’ business strategic management can be enhanced with the help of HRM. The delivery of the services of the organization will also be improved. It can act as link between the success of the organization and the quality of the services provided to its customers. Moreover the organizations can also enhance their monetarily benefits if proper HRM is applied in its working style. Hence it can be said that HRM is the backbone of almost every business organization.