Meaning Definition Characteristics and objectives Principles Functions of

ØMeaning Definition Ø Characteristics and objectives Ø Principles Ø Functions of Human Resource management Ø

Meaning Ø Human resource or manpower management effectively describes the process of planning and directing the application, development and utilization of human resources in employment. Ø It is the field of management which has to do planning, organizing, directing and controlling the various operative functions of procuring, developing, maintaining and utilizing a labour force for the attainment of the company’s objectives

Nature or Characteristics ü It is universally relevant ü It is goal-oriented ü It adopts a systematic approach in handling the manpower resource ü It is pervasive in nature ü It is an on-going activity ü It is a dynamic field of activity ü It focuses on the development of manpower resource ü It is a Science as well as Art ü It is relatively new

Objectives ü To make optimum utilisation of the human resource of the organisation. ü To ensure that the organisation has the required number staff ü To establish and maintain a sound organisation structure ü To reconcile personal and organisational goals ü To provide scope for the development of personnel ü To ensure that the employees have higher job satisfaction ü To provide scope for participation in decision-making

Principles of HRM ü Deal with people as complete individuals ü Make people feel worthwhile and related ü Treat all employees with justice ü HRM is not personal ü Rewards should be earned, not to be given ü Supply employees with relevant information ü Do not u ü nderestimate the intelligence of people ü Treat people with respect and dignity ü Provides opportunities for growth within the organization

Functions of Human Resource Management � I. Managerial Functions � A. Planning � B. Organizing � C. Directing � D. Controlling

�II. � A. Operative Functions Procurement � B. Development � C. Compensation � D. Integration � E. Maintenance