Human resource management is the utilization of human resources to achieve organizational objectives. Consequently, all managers at every level must concern themselves with human resource management. Basically, managers get things done through the efforts of others; this requites effective human resource management. Today's human resource problems and opportunities are enormous and appear to be expanding. Individuals dealing with human resource matters face a multitude of challenges, ranging from a constantly changing work force to the ever present scores of government regulations and a major technological revolution.
Human resource management is the significant concept that is used by organisations for integrating their functions with the external environment. HR integrates all the departments with other in order to make sure that main objectives of the business are achieved. The main aim of this paper is to evaluate the tools that can be used for managing resources to achieve the business objectives of organisations. For this purpose, the paper is divided into four different activities that include human resource management, management of physical resources, marketing and information management systems. All these aspects are discussed by considering the role and importance of human resource management towards achievement of organisational goals and objectives.
A STUDY OF HUMAN RESOURCE MANAGEMENT PRACTICES IN CHEMICAL INDUSTRIES WITH SPECIAL REFERENCE TO NAVI MUMBAI. (2002 -12) CHAPTER: - 1 INTRODUCTION “You Take care of your employees! They take care of customers! Customers care of Business! Business takes care of your Profit/ Mission.” What is Management?
On the other hand, human resource management is a holistic and comprehensive approach of managerial task that overlooks both present and future needs business organisation. In contrast to personnel management, human resource management focus ongoing strategies to manage and develop the organisational workforce. Human resource management is proactive unlike personal management it is not only concern with the present organisational situation but also future necessities. According to (Joshi,M.,2013:p9), human resource management refers to the activities of specialist staff are responsible for objective of business organisation.
If any organization lacks in the management of human resource it may lead to many difficulties like employee dissatisfaction, unclear goals etc. Human Resource Management refers to the policies and practices concerned with the effective use of people/ individuals (human resource) to accomplish individual as well as organizational goals. It helps the employees to contribute with their maximum efforts for the company. Rohan works as the Sr. Executive in HR Department in a construction company. It has been a practice in his organization that whenever there is a shortfall of human resources a
The system under this approach is formal. The hard HRM emphasize on the resource side of human resources and place firm control in the hands of management (storey 1987). It views human resource merely as factor of production or a variable cost of business (Tichy et al. 1982). Human resources are passive, to be deployed as numbers and skills at right price under this approach (Legge, 1995).
Next, the demands of the workplace and the increasing technological drive of the domain, as well as the fluid and dynamic nature of the globalized workforce and work setting are all the elements that are rapidly changing what work people do and how they will be assessed in accordance to it. Besides, Human Resource Management can be dynamic asset to help with such changes. The days of presuming that the skills and ideas that someone has when they enter a particular job are going to not change over the course of their occupation with the organization are fading fast. And the last but not least, Human resource management is responsible for how the people are treated in organizations or company and it is guide for bringing people into the organization or company, helping them to perform their work, compensating them for their labours, solving the
In words of Taylor(2008) Human Resource Management is the range of people management functions, process and activities which involve more than one national context. These policies and practices are considered as human resource aspects of management position, including such issues as recruitment, screening, training, rewarding and appraisal which I mentioned above. When it comes to the BMW company, BMW is the basically German car company with rich experience in the field of comfortable and cutting-edge cars. The company was founded in 1981. The BMW cars company spends more money on its human inputs to add value and its big contribution of human resources also makes some advantage of the company.
Moreover there are many challenges linked with HRM. The HR managers are responsible to look up to the individual departments and make obvious the inevitability and worth of their functions to the organization. The advancement in the high-tech world is also a challenge for the HUMAN RESOURSE MANGEMENT (HRM). Ethics is also important in the human resource management ethics means a sense of fairness . Being Ethical is a idea that examines the moral rightful or a wrongful act of a certain circumstances.