(Personal Management)
HRM is the process of acquiring, training,appraising & compensation employees & of attending to their labour relations health & safety & fairness concerns.
HRM is very important to all managers because any manager do not want to make any following mistakes while managing.
- Hire the wrong person for the job
- Experienced high turnover
- Waste time with useless interviews
- Have your pepole not doing their best
HRM is the efficient & effective utilization of human resources to achieve goals of an organization.
An organization means an economic & social entity composed of a group of people who interact with each other for the purpose of achieving common goal.Goal reffers to desired targets to be acheave in future.
Human resource is the most significant resource compared with other resources.
Unique characteristics of Human Resource
- It is Animate, Active & living
- It has the ability to think, feel & react
- It is value appreciates with the passage of time (Because of experience & training)
- It has the ability to influence on determining its cost.
- It has the ability to organize.(unions,team)
- It is behavior is complement & unpredictable
- It has the ability of creativity & innovation
- It makes decisions about all other resources.
It involves fulfillment of activities by minimizing waste of available human resource as much as possible.It denotes utilization the right employees in the right number at the right cost.
Effective Utilization
It involves utilization of employees so as to accomplish goals of the organization.
The Generic Purpose Of HRM
Generic purpose of HRM is to Genericate & retain & appropriate & contended human resource which gives maximum individual contribution to organizational success.
Appropriate means accurate quantity & quality.The employee who process knowledge skills & attitides that are necessary for ataining goals of the organizations.
Contented reffers to being satisfy d & happy.
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