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HUMAN RESOURCE MANGEMENT CONCEPT AND DEFIANTION PPT

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Page 1: HUMAN RESOURCE MANGEMENT CONCEPT AND DEFIANTION PPT

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Page 2: HUMAN RESOURCE MANGEMENT CONCEPT AND DEFIANTION PPT

Introduction The 5 M’s in Production are Men, Material, Machine, Mission

and Money. Of all these factors People or Human resource is the vital

and most essential factor in the process of production. It is the central

resource of an organization and all other factors of production revolve

around the same. The success of an organization depends on the quality

of manpower it possesses. May it be any area of work, department or

organization as a whole, the growth lies in the effort and commitment of

people who work within? All the other factors remain dead or unutilized

in the absence of ‘Human’ factor in the organization.

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Page 3: HUMAN RESOURCE MANGEMENT CONCEPT AND DEFIANTION PPT

Therefore human resource is considered to be the most

important and significant factor for the production of utility

goods and services needed by the society. The beauty of the

human brain has made to fulfill the endless wants of individual

in the modern era. Hence, management of ‘Human factor’ for an

organization is the key issue. Human resource management is

defined as management functions that helps manager’s recruit,

select, train and develop members for an organization. HRM is

concerned with peoples dimension in organization

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A series of integrated decisions that govern

employer-employee relations. Their quality

contributes to the ability of organizations and

employees to achieve their objectives.”

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“Concerned with the people dimension to management.

Since every organization comprises people, acquiring their

services, developing their skills, motivating them to higher

levels of performance and ensuring that they continue at

the same level of commitment to the organization are

essential to achieve organizational goal. This is true,

regardless of the type of organization: viz. government,

business, education, health, recreation, or social action.”

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”The planning, organizing directing and

controlling of the procurement, development,

compensation, integration, and maintenance

of human resource to the end those

individual organizational, and social

objectives are accomplished.”

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“The organization function that focuses on the effective

management, direction, and utilization of people; both the

people who manage produce and market and sell the

products and services of an organization and those who

support organizational activities. It deals with the human

element in the organization, people as individuals and

groups, their recruitment, selection, assignment,

motivation, empowerment, compensation, utilization,

services, training, development, promotion, termination

and retirement

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“HRM is concerned with the most effective

use of people to achieve organizational and

individual goals. It is the way of managing

people at work, so that they give their best to

the organization”.

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The policies and practices involved in carrying

out the “people” or human resource aspects of a

management position, including recruiting,

screening, training, rewarding, and appraising

comprises of HRM

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The above definition signifies that HRM is

concerned with procuring, developing and

maintaining component workforce in an

organization so as to meet short term and long

term organizational objectives. Nature of Human

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