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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...

Thursday, February 4, 2016

What do you mean by Human Resource Management?

Question – What do you mean by Human Resource Management?


Answer
Human Resource Management is a management function concerned with hiring, motivating, and maintaining workforce in an organisation. Human resource management deals with issues related to employees such as hiring, training, development, compensation, motivation, communication, and administration. Human resource management ensures satisfaction of employees and maximum contribution of employees to the achievement of organisational objectives. 


Definition of Human Resource Management
According to Storey (1995)“Human Resource Management is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an array of cultural, structural and personnel techniques.”

According to Armstrong (1997), Human Resource Management can be defined as “a strategic approach to acquiring, developing, managing, motivating and gaining the commitment of the organisation’s key resource – the people who work in and for it.”


According to John Bratton and Jeffrey Gold (2007)“Human Resource Management is a strategic approach to managing employment relations which emphasises that leveraging people’s capabilities is critical to achieving competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes and practises.”

According to George R. Terry, “Human resources management is concerned with the obtaining and maintaining of a satisfactory and satisfied work force.”

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