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PhD, NET(UGC), MBA (Finance), M.com (Finance), B.COM (professional), B.Ed (Commerce + English), DIM, PGDIM, PGDIFM, NIIT Accounting package...

Monday, February 9, 2015

difference between human resoure management and personnel management

Personnel Management & HRM—Distinction

Personnel Management
Human Resource Management
1. It is concerned with managing people at work.
It is concerned with the management of employees’ skills, knowledge, abilities, talents, aptitudes, creative abilities etc.
2. Employees are treated like other components such as machinery, equipment etc.
Employees are treated as a resource and an asset.
3. Employee is treated as an economic man (i.e., he works for money only)
Employee is treated as an economic, social and psychological man.
4. Employees are treated as a cost centre- wages paid are treated as cost of labour.
Employees are treated as a profit centre i.e., amount invested in human resources brings more revenues.
5. It is considered only as an auxiliary or subsidiary function.
It is considered as a strategic management function.

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