PART 1
CHAPTER 1
Human Resource Management (HRM): Human resource management in that branch of management which is concerned with the people at work and their interpersonal relations. There are several other terms used for HRM which are as under: Personnel Management, Personnel Administration, Labor Management, Industrial Relation, Manpower Management, and Employee Relation etc. Human resource management has been defined in several manners such as under: “The aspect of management which’s goal is to use the labor resources of an organization effectively is called HRM.” “HRM simply means to control human in the organization.” “Human Resource Management includes all functions of staffing i.e. recruitment, selection, training, development, compensation and safety.” In other words personnel management is the planning, organizing, directing and controlling of the performance of some operative functions such as, the development, compensation, integration and maintenance of the people of an organization for the purpose to meet the major organizational goals. In short we can say that Human Resource Management deal with the four areas of management, these are as under • Selection of the employees • Training of the employees • Motivation of the employees toward the specific objective • Retaining of the employees. HRM retain the sound and creative minded people such those employees who are give much attention. So personnel management is the planning, organizing, directing, and controlling of procurement, development, compensation, integration, and maintenance of human resource to meet the individual, organizational and social objective.
Function of HRM: HRM functions include the following: 1. Procurement: Procurement is the foremost operative function of the HRM. Procurement includes the selection,