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3. Introduction
Human resources management is thought of the philosophy, policies, procedures, and
practices related to the management of people within an organization. In recent years,
increased attention has been devoted to how human resources are managed in
organizations. This increased attention comes from the realization that an organization’s
employees make able an organization to accomplish its goals. The management of
human resources is critical to an organization’s success. Organizations frequently aspire
to be “world-class” or ranking among the foremost in the world. In the context of HRM,
an HR group with a vision shared among its components and how best to serve them
indicates world class. A service orientation and an inclination to be in association with
constituents characterize the excellence in HRM.
4. Concept of HRM
Human Resource Management has been defined from different perspectives. We will
discuss the definitions of Human Resource Management from three perspectives:
Process-systems view, People Perspective and Management Perspective.
1. Human resources are the only assets appreciate over a period while physical
resources just depreciate with time.
2. Human resources alone can produce an output larger than the sum of inputs due to
the creative skills of human.
3. The real worth of a physical asset depends upon the quality and caliber of the
people working with it.
4. The flexibility of an organization relies more on people than any technical issues.
(Source: American Society for Training and Development, Models for Excellence, 1983,
p.23)
6. OBJECTIVES OF HUMAN RESOURCE MANAGEMENT
The American Management Association asserts the objectives of human resource
management in the words,’ The aim of a business organization is the production of
goods and services with the motive to earn profit to fulfill economic needs in such a
way as to give satisfactory returns to economic and social suppliers both, owners
and members of the organization, under prevailing conditions which provide the
maximum conservation of human resources over a continuing period’.
National Institute of Personnel Management states the objectives of HRM as,
’Personnel management seeks to bring together and develop in an effective
organization the men and women who make up an enterprise, enabling each to
make his or her own best contribution to the success as an person and as a
member of a working group. It seeks to provide fair terms and conditions of
employment.
The common objectives of human resource management encompass the
procurement and development of competent people, achieving desirable working
environment and effective utilization of people to help in the attainment of
organizational objectives. However, the objectives having special application to
human resource management may include the following:
Summary