Note for International Human Resource Mangement - IHRM by m laxman

Topics ( 7 )

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CHAPTER -1 Introduction of HRM

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CHAPTER -1 Introduction of HRM 1.1 Concept and Definitions of HRM 1.2 Evolution and development of HRM 1.3 Nature of HRM 1.4 Objectives of HRM 1.5 Scope of HRM 1.6 Role of HRM 1.7 Importance of HRM 1.8 Functions of HRM 1.9 Role of HR Manager 1.10 Challenges of HRM in Indian Economy

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CHAPTER -1 Introduction of Human Resource ______ Management 1.1 Concept and Definitions of HRM Concept of HRM HRM is concerned with the human beings in an organization. “The management of man” is a very important and challenging job because of the dynamic nature of the people. No two people are similar in mental abilities, tacticians, sentiments, and behaviors; they differ widely also as a group and are subject to many varied influences. People are responsive, they feel, think and act therefore they can not be operated like a machine or shifted and altered like template in a room layout. They therefore need a tactful handing by management personnel.” m HRM is the process of managing people of an organization with a human approach. Human resources approach to manpower enables the manager to view the people as an important resource. It is the approach through which organization can utilize the manpower not only for the benefits of the organization but for the growth, development and self satisfaction of the concerned people. Thus, HRM is a system that focuses on human resources development on one hand and effective management of people on the other hand so that people will enjoy human dignity in their employment. (1) Dr.S.Ganesan, International Journal of Business and Administration Research Review, Vol.l, Issue.6, July - Sep, 2014, ISSN -2348-0653, P. 147. 1

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HRM is involved in providing human dignity to the employees taking into account their capacity, potentially, talents, achievement, motivation, skill, commitment, great abilities, and so on. So, that their personalities are recognized as valuable human beings. If an organization can trust, depend and draw from their bank account on the strength of their capital assets, they can trust, depend and draw more on their committed, talented, dedicated and capable people. This is what the HRM is involved in every business, managerial activity or introduction. The principal component of an organization is its human resource or ‘people at work’. According to Leon C. Megginson from the national point of view Human Resources as, “the knowledge, skills, creative abilities, talents and aptitudes obtained in the population; whereas from the . view point of the individual enterprise, they represent the total of inherent abilities, acquired knowledge and skills as exemplified in the talents and aptitudes of its employees.”(2) Human resource has a paramount importance in the success of any organization because most of the problems in organizational setting are human and social rather than physical, technical or economical failure. In the words of Oliver Shelden, “No industry can be rendered efficient so long as the basic fact remains unrecognized that it is principally human.”(3) (2) Leon C. Megginson, Personnel and Human resources Administration, Richard D. Irwin Inc. Homewood, Illinois 1977. (3) Human Resource Management, Geet S.D., Deshpande A.D. & Mrs. Deshpande Asmita A., NIRALIPRAKASHAN, First Edition, Jan. 2009, P.24. 2