Human Resource management as the name states
is looking at people as a resource in an organization. It’s a function that
deals with people such as hiring or recruiting, safety, welfare, benefits,
compensation, employee motivation, reducing attrition rates, training,
assessment, rewarding, etc. HRM looks at people as the driving force to any
organizations success. Hence managing them and taking care of their needs,
providing them with the directions etc. are given prime importance. HRM is a
comprehensive approach to managing people and maintaining workplace cultures
such that people working in an organization are happy thus contributing
effectively and productively to the overall performance of the company. It
looks at the wider picture, however looking at the root of it.
HRM also ensures compliance with employment
labor laws while taking care of all the aspects of people needs in an
organization. Human resource duties are generally performed by trained
professionals and now due to the increase in importance given to Human resource,
an entire functional specialized team is dedicated towards various tasks of HR.
Earlier most organizations were profit oriented and hence less importance would
be given to people as a resource. However over the years, after research and
study, looking at attrition and many other aspects of people and how they
contribute effectively in any organization’s overall performance came to
highlight thus giving rise to HR as a separate field in itself. Thus HRM became
crucial and important resource for any organizations success.
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