The significance of human resource management as discussed below: The contribution of human resources management to the organisational objectives is as follows: (i) Effective human resources policies can help in attracting and retaining the best people in organisation. So there is no doubt that if human resource management is means to the end of organisational development, it functions as a section under organization development. Business principles and ethics – … Human resources are the source of developing competitive advantage because through these resources, other resources are put into operations. With appropriate HR policies and practices, an organization can hire, develop and utilize best brains, realize its professional goals and deliver results better than others. Effective human resource management leads to employee satisfaction in several ways- feeling of an employee that he is doing a job which matches him, development of the employee on continuous basis, availability of promotion avenues, incentives for better work performance, etc. Today, Human Resource Management has the same importance as other departments in most companies. It can help the organisation in accomplishing its goals by adopting the following measures: (i) Making right attitude among the employees through effective motivation. Including student tips and advice. (v) By effectively securing the willing cooperation of employees through motivation, grievance handling and so on. 2. What is the value of people management to project management? Content Guidelines 2. Importance of human resources can be discussed at four levels: Corporate Professional Social National Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. iv. Check your syntax! Rewarding employees suitably for the contributions made by them. (vi) Revolution in information and technology. An example is two of the following scholars; 1. They deal with the feelings and attitudes of employees in conjunction with the principles and policies of organisations ensuring an overall in­crease in the goodwill or the image of the organisation. According to Lawrence Appleby, “Management is the development of people, not the direction of things. The organization should develop and nurture a culture in which prime importance is given on the harmonious boss-subordinate relations, teamwork, and collaboration among different groups of individuals including the customers of the organization. a. (b) It maintains a good balance between the jobs and job seekers. Human Resources and their management play a vital role in the development of a nation. According to Tuchman’s (1965) theories, team communication is a method of development In a good team player, a good personality, self awareness, self development and motivation to carry out their responsibilities and roles perfectly and which is progressing are measure into 4 stage which are: In Forming, a leader will prepare to take their responsibilities, roles and read to build relationships and process with other member of teams and also be tolerant as the team will be meeting for the first time and they will be highly dependent on their leader for guidance and direction. Employment function, i.e. It substantially contributes to professional growth in the following ways: i. Oxford University Press 2014; Overview: behavioural observation scale, Torrington .D. In such an invigorating atmosphere, people can put their creative energies to best use. ii. The different approaches to be used when selecting the most suitable applicant for the job are interviews, application forms, presentations, references, CV and aptitude testing.Interview can be face to face which can be cross checking with the individual and this is how manager will decide if they have sufficient information that persuades them to make a decision of employing the individual (ibid).The references can be obtained from the individual’s previous job, which the employer will use as a form of evidence to support the application.During interviews, the candidates would be observed, aptitude test would be given, and candidates would have the 6 C’s, which is the Quality Care Commission Standard for Health and Social Care Setting: Care, Compassion, Commitment, Courage, Communication, and Competency.To select the best candidate after interview, it must be one or two candidate that clearly stand out, and to select one of the them, the manager should involve the deputy manager to discuss the outcome in the interview of the candidate and also share the results of any comments from references, and other background checks, and this process can be repeated for each candidate; after all has been discussed, then the best can be listed, also vote can be carried out between the managers  to select the right candidate (Hunt, 2007). Human Resource Management, Importance, Importance of Human Resource Management. It can help the organisation in accomplishing its goals by: (i) Creating right attitude among the employees through effective motivation; (ii) Utilising effectively the available human resources; and. (ix) Increase in expectations of society. CSR study of human resource practitioners conducted by the Society for Human Resource Management (SHRM) in 2006, reveals that CSR practices are seen as important to employee morale (50%), loyalty (41%), retention (29%), recruitment of top employees (25%) and productivity (12%). HRM helps the organization to fulfil the needs of the society by way of initiating measures for upliftment and wellbeing of the employees. Welcome to leaders (online) (Assessed, 14/03/2014). (ii) Maintaining the dignity of personnel at the work place. Human Resource or Manpower Planning helps in determining the number and kinds of personnel required to fill various positions in the organization. HR team reward departments or groups on the basis of their performance which builds morale and team spirit of the employees. Training and development of employees to ensure their efficient performance and growth. While India has abundant human resources, a very high proportion of these resources do not have required competencies. As the role of human resources grows in importance in our businesses, we must absorb knowledge beyond basic business practices and strategies and be commitment to presenting new ideas from areas, subjects and departments that are outside of our comfort zone. The strategic HRM plan reinforces certain val­ues, such as, customer focus, innovation, fast growth, and coope­ration which go a long way in adding to the success of the organisation. The HR department also arranges for monetary and non-monetary benefits such as bonuses, incentives, promotion etc. Another plus point of human factor is that while the constant use of other factors of production leads to depreciation in their value, human factor gets enriched because with the passage of time it acquires experience and efficiency which lead to higher productivity. c. It allows people to work with diligence and commitment. They feel that the career development exercise mostly based on performance ratings and potential ratings makes wise judgement over the issues for promotion / advancement to higher posts. 2005. Effective management of human resource helps to improve the quality of work life. The importance of Human Resources Management can be studied under four levels namely: The HRM can contribute the following importance to an enterprise: (a) Human Resource Management helps in attractions and retaining the talented people in the organization through effective planning, recruitment, selection, placement, orientation, compensation and promotion policies. These are an important part of the management process in all organisations. In the handover, nurse in charge should give clear information and all members of staff should be present, and mandatory training for updating new skills on a yearly bases should be practices at at all times. 10. Effective and efficient implementation of human resource facilitates enhancing the quality of HR work life. 3. With this practice, staff is able to gain new skill and knowledge that they can be applied in their day-to-day work.An observation is where note will be taken into what has happened to the tasks that were given, whether it is going on the right direction or according to plan, in the case where the plan has not achieved the goals, there should be a feedback to strengthen the standard practice in place in order to enable self reflection and open dialogue between employee and management. To provide fair, acceptable and efficient leadership. Many scholars in the field of management studies have since come up with different definitions and ideas of strategic human resource management. HRM promotes the quality of working life of the employees through introduction / implementation of policies, procedures for satisfaction of physiological and psychological needs of the employees. (Armstrong, 2009). Human resources management (HRM) is a management function concerned with hiring, motivating and maintaining people in an organization. As it's widely accepted that people are the most important asset of any thriving organisation, the effective management of human resources (HR) is naturally central to any sound business strategy. Human resource management (HRM) has various definitions, but in the main there are two general approaches. Policy formulation is the basic aims and objective of the Human Resource Management. Similarly a manager must have devotion and involvement to acquire expertise in the science of management. Human resource management has a great significance for the society. HRM teaches how to utilize human and non-human resources so that the goals can be achieved. The effectiveness with which human resource are coordinated and utilised determines the success in achieving organisational objectives. iii. (ii) Providing most productive employment from which socio-psychological satisfaction can be derived. This plays a major role in an employment setting as the staff will be realise that they have responsibility and needed that the company would benefit from. (ii) It puts the scarce talents to best use. 8. 3. To identify and satisfy individual and group needs by providing adequate and equitable wages, incentives, employee benefits and social security and measures for challenging work, prestige, recognition, security, status. Decision are taken at all levels within an organisation, and each decision has both mean (more fact) and end (more value). Experiential Learning. For the company to grow in leaps and bounds and attain the objectives of … Thousand Oaks, CA: Sage. ii. It becomes necessary to manage activities relating to production, marketing, human resource, finance, research, etc. HRM helps the organization to know details of HR profile, excess / shortage of personnel, category / skill wise requirement, quality, strengths and weaknesses of people. It has become bit difficult for management to manage the business activities effectively and efficiently in the present competitive scenario. (ii) By giving employment it provides social & psychological satisfaction to people. (iii) Utilising maximum resources in an effective manner and paying the employee a reasonable compensation in proportion to the contribution that has been made by him. If resources are managed properly by organisation then requirements of customers, employees and society as a whole can be met. Social work supervision. Explicit Communication 2. It focuses on maximizing and optimizing the performance of employees to achieve the company’s goals or objectives. (i) Maintaining a balance between the jobs available and the jobseekers, according to the qualifications and needs; (ii) Providing suitable and most productive employment, which might bring them psychological satisfaction; (iii) Making maximum utilization of the resource in an effective manner and paying the employee a reasonable compensation in proportion to the contribution made by him; (iv) Eliminating waste or improper use of human resource, through conservation of their normal energy and health; and. Hence, an all-round development of human factor is highly desirable, which is one of the main objectives of HRM. recruitment, selection and placement of personnel. 1. 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