Module: I
Semester: III Subject: HRM
What Is Human Resource Management?
Human resource management is also a strategic and comprehensive approach to managing people and
the workplace culture and environment. Done well, it enables employees to contribute effectively and
productively to the overall company direction and the accomplishment of the organization's goals and
objectives.
The department members provide the knowledge, necessary tools, training, administrative
services, coaching, legal and management advice, and talent management oversight that the rest of the
organization needs for successful operation.
A company or organization's HR department is usually responsible for creating, putting into effect and
overseeing policies governing workers and the relationship of the organization with its employees. The
term human resources was first used in the early 1900s, and then more widely in the 1960s, to describe
the people who work for the organization, in aggregate.
HRM is employee management with an emphasis on those employees as assets of the business. In this
context, employees are sometimes referred to as human capital. As with other business assets, the goal is
to make effective use of employees, reducing risk and maximizing return on investment (ROI).
The importance of human resource management
The role of HRM practices are to manage the people within a workplace to achieve the
organization's mission and reinforce the culture. When done effectively, HR managers can help
recruit new professionals who have skills necessary to further the company's goals as well as aid
with the training and development of current employees to meet objectives.
A company is only as good as its employees, making HRM a crucial part of maintaining or
improving the health of the business. Additionally, HR managers can monitor the state of the job
market to help the organization stay competitive. This could include making sure compensation
and benefits are fair, events are planned to keep employees from burning out and job roles are
adapted based on the market.
Objectives of human resource management
The objectives of HRM can be broken down into four broad categories:
1
, 1. Societal objectives: Measures put into place that responds to the ethical and social needs or
challenges of the company and its employees. This includes legal issues such as equal
opportunity and equal pay for equal work.
2
Semester: III Subject: HRM
What Is Human Resource Management?
Human resource management is also a strategic and comprehensive approach to managing people and
the workplace culture and environment. Done well, it enables employees to contribute effectively and
productively to the overall company direction and the accomplishment of the organization's goals and
objectives.
The department members provide the knowledge, necessary tools, training, administrative
services, coaching, legal and management advice, and talent management oversight that the rest of the
organization needs for successful operation.
A company or organization's HR department is usually responsible for creating, putting into effect and
overseeing policies governing workers and the relationship of the organization with its employees. The
term human resources was first used in the early 1900s, and then more widely in the 1960s, to describe
the people who work for the organization, in aggregate.
HRM is employee management with an emphasis on those employees as assets of the business. In this
context, employees are sometimes referred to as human capital. As with other business assets, the goal is
to make effective use of employees, reducing risk and maximizing return on investment (ROI).
The importance of human resource management
The role of HRM practices are to manage the people within a workplace to achieve the
organization's mission and reinforce the culture. When done effectively, HR managers can help
recruit new professionals who have skills necessary to further the company's goals as well as aid
with the training and development of current employees to meet objectives.
A company is only as good as its employees, making HRM a crucial part of maintaining or
improving the health of the business. Additionally, HR managers can monitor the state of the job
market to help the organization stay competitive. This could include making sure compensation
and benefits are fair, events are planned to keep employees from burning out and job roles are
adapted based on the market.
Objectives of human resource management
The objectives of HRM can be broken down into four broad categories:
1
, 1. Societal objectives: Measures put into place that responds to the ethical and social needs or
challenges of the company and its employees. This includes legal issues such as equal
opportunity and equal pay for equal work.
2
