What is Human Resource Management?
A ccording to The
Harvard Model of Human Resource Management, created by Michael Beer, Human
Resource Management is a strategic approach to the employment, development and
well-being of the people working in an organization. Human resources
management involves all management decisions and actions that affect the
relationship between the organization and its employees – in other words, its
human resources.
It concentrates on making the most of the
human resources that are at the disposal of the organization and enhances the
performance of employees to achieve the organization’s objectives. HRM ensures
the seamless and effective application of policies and processes in the
business. HRM is there to keep the balance between employee needs and
satisfaction and an organization’s profitability and capability to reach its
objectives.
In practice, however, HRM is a tool used to
try to make optimum use of human resources, to foster individual development,
and to comply with government mandates. Larger organizations typically have an
HRM department and its primary objective is making company goals compatible
with employee goals. For a company to attain its goals, it must have employees
who will help it attain them.
An efficiently functional HRM aids the
workforce of an organization to contribute efficiently and effectively towards
the overall achievement of an organization’s goals.
Human Resource
Management involves management functions like planning, organizing, directing
and controlling
- It involves procurement,
development, maintenance of human resource
- It helps to achieve individual,
organizational and social objectives
- Human Resource Management is a
multidisciplinary subject. It includes the study of management,
psychology, communication, economics and sociology.
- It involves team spirit and
team work.
- It is a continuous process.
What is the importance of Human resource?
Behind production of every product or service there is an human mind, effort and man hours (working hours). No product or service can be produced without help of human being. Human being is fundamental resource for making or construction of anything. Every organization desire is to have skilled and competent people to make their organization competent and best.
Among the five “M”s of management, i.e., Men, Money, Machines, Materials, and Methods, HRM deals about the first M, which is Men. It is believed that in the five “M”s, "Men" is not so easy to manage. "every man is different from other" and they are totally different from the other Ms in the sense that men possess the power to manipulate the other Ms. Whereas, the other Ms are either lifeless or abstract and as such, do not have the power to think and decide what is good for them.
Why do we call it as Human Resource Management?
Therefore, human resource management is meant for proper utilization of available skilled workforce and also to make efficient use of existing human resource in the organisation. The best example in present situation is, construction industry has been facing serious shortage of skilled workforce. It is expected to triple in the next decade from the present 30 per cent, will negatively impact the overall productivity of the sector, warn industry experts.
References
HRD Connect (2019)
What
is HR management in an organisation?.
What
is
HR management in an organisation? [Online]. Available
at
https://www.hrdconnect.com/2019/05/22/what-is-hr-management-in-an-organisation/
[Accessed on 30th May 2020]
What is Human Resource (2020) Human Resource Management. Human
Resource Management [Online]. Available
at
http://www.whatishumanresource.com/human-resource-management
[Accessed on 30th May 2020]
