Human Resource Management

Human Resource Management (HRM)

     Meaning

                               Organizations are made up of people and function through people. Without people, organizations cannot exist among the various factors of production like money, materials, men, and machines in an organization. Human resource is considered to be the most important factor because the efficient use of other physical resources like land and capital is dependent on how the human factor is used on various operations. Except men, all other resources depreciate with time; man is the most valuable resource, which appreciates with time if the right environment is given to him and hence termed a "human resource." Huaman resource consist of those group of people who are ready to  provide their services for the benefit of the organisation 

According to Michael J. Jucius, "Human resources are a whole consistance of the interrelated, interdependent, and interacting physiological, psychological, and ethical components.

Human resources always remain central to the organization, as dynamic and effective people can construct dynamic enterprises only efficacious workers are caballed and have inspiration of turning dreams into reality; organizational objectives can only be achieved through talented people. Therefore, in order to energize, assist, and train their workers to maintain utmost efficacy.

Human resource is both exculsive as well as important; it is obvious that an organisation would try to obtain and make the best use of this resource Human resource management is the task concerned with managing the people's resources, which is the most crucial and challenging task of the organization. it was previously referred to as personnel management 

Nature of HRM

1. People-Centric:
   HRM revolves around managing people as the most valuable resource in an organization. It emphasizes the development and well-being of employees.

2. Strategic Function:
   HRM aligns human resource strategies with the overall business strategy to achieve organizational objectives.

3. Continuous Process:
   HRM is an ongoing process that involves planning, organizing, directing, and controlling human resources throughout the employee lifecycle.

4. Universal Application:
   HRM principles and practices are applicable to all types of organizations, regardless of size, industry, or location.

5. Interdisciplinary:
   HRM draws knowledge from various disciplines such as psychology, sociology, economics, and management.

6. Focus on Employee Development:
   HRM emphasizes training, skill development, and career growth to enhance employee performance and satisfaction.

7. Compliance and Ethics:
   HRM ensures adherence to labor laws, regulations, and ethical standards in managing employees.