Modern Approach To Human Resource Management
In our daily lives, work, study and even in organisation human resource management can be applied and its role has evolved dramatically over the past years. In fact, human resource management can be defined as a strategic approach to acquiring, developing, managing and motivating an organisation’s key resource. This should help the organisation stated objectives through the best use of its employees.
B tech Cost and Management accounting student were assigned to conduct an investigation on the role and functions of the human resource department in an organisation and how it contributes to the goals of the organisation.
The structure of the assignment:
Traditional versus Modern Approach of Human Resources Management
In the past human resource management department was referred as Personnel Management.
The approach of personnel management was totally different from the approach of human resource management. The personnel management followed the traditional approach to managing human resource, it only concerned the operations matters such as recruitment; employees were usually seen as cost and they were motivated by payment (salaries) and coercion and the line manager’s role was more transactional with an emphasis on negotiation.
On the other side, the human resource management uses the modern approach to managing human resources and it only focuses on operational and strategic matters such as training and development,
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