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Fundamentals of Human Resource Management
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Title : Fundamentals of Human Resource Management Textbook |
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Title : Fundamentals of Human Resource Management Workbook |
Every organization is composed of people
and utilizing their services, developing their skills, motivating them to
enhance their levels of performance and ensuring that they remain committed
to the organization are essential for the accomplishment of organizational
objectives. This is true for all types of organizations - government,
business, education, health, recreation or social action. Organizations that
can do this will be both effective as well as efficient. Inefficient or
ineffective organizations face the danger of stagnating or going out of
business.
The emphasis on proper and effective human resource management has increased
in the recent times. It has come to be identified as an important factor in
the successful management of an organization. With the growing importance of
knowledge workers to organizations and the rising expectations of employees,
it is essential to have a good human resource management system in place.
It is also important that all the different processes in an organization,
like finance, HRM, marketing and operations align their objectives and
strategies to those of the organization and work in harmony with each other.
Human Resource Management (HRM) consists essentially of four functions – acquiring, developing, motivating
and retaining human resources. The acquisition function starts with planning for
the number and categories of employees required, and ends with staffing. The
development function has three dimensions – employee training, management
development, and career development.
The motivation function includes
identifying the individual motivational needs of employees and finding ways to
motivate them. The retention function is concerned with providing a conducive
work environment to the employees and nurturing them to make them feel committed
and attached to the organization.
Traditional approaches to personnel management emphasize command and control.
These have now given way to new approaches characterized by greater freedom and
support to the employees. Many successful companies today empower their
employees to manage most aspects of their work.
Though an organization's
physical assets are major factors in determining its success, it is now believed
that its employees or human resources, are equally critical assets. The
successful management of an organization's human resources is an exciting and
dynamic task, especially at a time of increasing competition, when companies are
facing newer and more complex challenges.
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