Human resources are the most precious asset of an organization. They are the activators of non-human resources, means for developing competitive advantages and sources of creativity.
Significance of HRM
Human resources are the most
precious asset of an organization. They are the activators of non-human
resources, means for developing competitive advantages and sources of
creativity. Ghoshal outlines the role of HRM in managing an organization in the
following lines.
“Indian Companies have spruced up
their strategic thinking; they have even moved a generation ahead with their
organisations. But they still have managers who have been shaped by old models.
They are essentially a group of first generation managers whose definitions of
roles and tasks, personal skills and competencies, ideas and beliefs about
management have been shaped by an earlier model. You cannot manage third
generation strategies with second generation organizations and first generation
managers to meet the needs of second generation organisations and third
generation’s strategic thinking.
The above view indicates the role
of HRM in Indian industry. Significance of HRM can be viewed in three contexts;
organizational, social and professional.
Organizational
significance
1. Effective utilization of human resources to motivate
them and to change their attitudes to work and the organization.
2. To develop personnel to meet the demands of the work
effectively; and
3. To ensure proper recruitment and to retain the
personnel in the organization so that right people are available.
Social
significance
This aspect aims in achieving the
need satisfaction of personnel in the organisation. It is often said that a
happy worker is not only happy in his work place but also at home and in
society also.
Hence HRM
seeks to achieve the following
1. Maintaining
balance between jobs and job-seekers, taking into consideration job
requirements, job seekers’ abilities and aptitudes
2. Providing most productive employment from which
socio-psychological satisfaction can be derived.
3. Utilizing human capabilities effectively and matching
with government rewards.
4. Eliminating wasteful organizational and individual
practices.
Professional
Significance
This
aspect involves developing people and providing appropriate environment for
effective utilization of their capabilities and involves the following.
1. Developing people on a continuous basis to meet the
challenges of their jobs.
2. Maintaining the dignity of personnel at the work
place.
3. Providing proper physical and social environment at
the work place to create a congenial working atmosphere.
Tags : Human Resources Management - An Overview
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