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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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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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