Men and resources are involved in all activities. Men were taken for granted for a long time.
Introduction and Definitions of HRM
Introduction
Men and resources are involved in
all activities. Men were taken for granted for a long time. Greater accent was
given to resources, production machinery and top managers. But during the last
few decades, with modern large scale production of innumerable products for a
wide market, the importance of human resources and their development has come
to the fore. The importance of human resources to any organization need not be
over-emphasized. Human resource is the wealth of a nation and an organisation.
The development process is wide and varied. In this lesson, let us understand
the importance and concept of Human Resources Management. (HRM).
In the general parlance, human
resources are people and their characteristics at work either at the national
level or organisational level. Megginson has defined human resources as
follows: “From the national point of view,
human resources are knowledge, skills, creative abilities, talents and
attitudes obtained in the population; whereas from the viewpoint of the
individual enterprise they represent the total of the inherent abilities,
acquired knowledge and skills as exemplified in the talents and aptitudes of
its employers” Sumantra Ghosal considers human
resources as human capital. He classifies human capital into three categories –
intellectual capital, social capital and emotional capital. Intellectual
capital consists of specialized knowledge, tacit knowledge and skills,
cognitive complexity and learning capacity. Social capital is made up of
network of relationships, sociability, and trustworthiness. Emotional capital
consists of self- confidence, ambition and courage, risk-bearing ability and
resilience”. In simple words, HRM is a process
of making the efficient and effective use of human resources so that the set
goals are achieved. Definition
of HRM
According to Flippo, ‘Personnel
Management, or say, human resources management is the planning, organizing,
directing and controlling of the procurement, development, According to Flippo, ‘Personnel
Management, or say, human resources 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,
organisational and social objectives are accomplished”.The National Institute of
Personal Management (NIPM) of India has defined human resources – personal
management as “that part of management which is concerned with people at work
and with their relationship within an enterprise. Its aim is
to bring together and develop into an effective organization of the men and
women who make up enterprise and have regard for the well-being of the individuals and of working groups, to
enable them to make their best contribution to its success”. According to Decenzo and Robbins,
“HRM is concerned with the people dimension” in management. Since every
organization is made up of people, acquiring their services, developing their
skills, motivating them to higher levels of performance and ensuring that they
continue to maintain their commitment to the organization is essential to
achieve organisational objectives. This is true, regardless of the type of
organization – government, business, education, health or social action”. HRM can be defined as a process
of procuring, developing and maintaining competent resources in the
organization so that goals of an organization are achieved in an effective and
efficient manner. In other words HRM is an art of managing people at work in
such a manner that they give best to the organisation.
Tags : Human Resources Management - An Overview
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