Why study Human Resource Management
People watching is a rewarding experience. These are people who have the skills, abilities and interests that provide a firm with a competitive advantage. It is only the human resource which is capable of planning, implementing and controlling the activities. No computer can replace the human brain, no machines can replace human intervention.It cannot function without and no organization can survive if it cannot meet the needs of the people. HRM is the study of how people are recruited, trained, compensated, motivated, and retained in organizations.
A factory is not built by God but by human beings. People build factories, structure organizations and manage them successfully.We do. How an idea is generated by an entrepreneur, how buildings are constructed and machinery installed, how desired inputs are handled and used and how goods and services are produced are the subjects which are a war. A general leading an army to victory in America is less interesting than an invention made by a scientist or a remedy found to cure the disease AIDS.Proposes. Will not be enthusiastic.
A comprehensive picture of people in HRM organizations The rapid growth of globalization has increased the number and importance of MNCs which in turn has increased the mobility of people. Working for MNCs is a challenging task. After an ordinary management student completes his degree, the prior knowledge about an MNC, especially international HRM, heKeeps you prepared for the challenges ahead.
Place and importance of human resource management in business organization
Due to rapid industrial development during the last two centuries, a new industrial world has emerged with a new industrial culture. According to this, manpower has no place as per its importance but material resources have been given an important place and hence labor relations have taken a new turn.Every day new labor problems are raised and management has to find solutions to them. Human resource management has a very important place. Peter F. According to Drucker, ‘The appropriate or inappropriate use of various factors of production depends on the desires of human resources. Therefore, apart from other resources, human resources require more development. Human resources can enhance cooperation but it must be appropriate and Efficient management is required.
Some scholars have compared the human brain with human resource management. Just as the brain directs all the parts of the human body and due to its disease, the best parts of the body become inactive. Similarly, an efficient human resource management takes work from the entire workforce and achieves the objective. Lawrence A. Apple It is said that if the management agrees with this truthIf management means development of the working class and pays proper attention to the development of human resources, then many problems related to management will solve themselves and many problems will not arise. R. M. Aldrich calls administrative or human resource management a nervous system, i.e. an integrated part of the process of management itself. The importance of service management actually depends on the labor functions of the service department.
importance which is indispensable to the management activity itself. Due to the following reasons, human resource management occupies a place of importance.
1.It helps the management in formulation, adoption and continuous evaluation of service programs and policies.
2.It supplies skilled workers through scientific selection process.
3.It ensures maximum return from expenditure on training and development and humanIncreases property value.
4.It prepares workers according to the changing needs of industry and environment.
5.It motivates and upgrades the workers so that they can accomplish the goals of the organization.