Meaning of HRM
Human resource management (HRM) is the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns.
Definition of HRM
According to Milkovich & Boudreau "Human Resource Management is a series of decision that affect the relationship between employee and employer: it affects many constituencies and is intended to influences the effectiveness of employee and employers."
According to Gray Dessler "The policies and practices one needs to carry out the 'people' or human resource aspects of a management position, including recruiting, screening, training, rewarding and appraising."
According to Mathis and Jackson "HRM is the effective use of Human resources and organization through the management of people related activities."
Features to Human Resources Management
- HRM is an art and a science
- HRM is pervasive( universal)
- HRM is a process
- HRM is a continuous process
- HRM is a service function
- HRM must be regulation-friendly
- HRM is fast changing
- HRM is Focused on results
- HRM is People-centered
- HRM is an Integrated Concept
- HRM Develops Team Spirit
Importance of Human Resource Management
1) Fulfil the Human Resource Requirement
2) Enhance the Quality of Work Life
3) Redressing Grievance and Conflict
4) Achieving organisational goal
5) Employee Retention
6) Developing Team Spirit and
7) Employee Satisfaction and Welfare
Functions of Human Resource management
There are two types of functions
1) Managerial function :-
*Planning
*Organising
*Staffing
*Directing
* Controlling
Operative Function
* Procurement
*Development
* Compensation
* Motivation
* Integration
YOU CAN ALSO READ :- FINANCIAL MANAGEMENT
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