IMPORTANCE OF HUMAN RESOURCE MANAGEMENT

IMPORTANCE OF HUMAN RESOURCE MANAGEMENT

1. Significant Work of Management: According to Saltonstall, “The direct handling of people is, and always has been, an integral part of every line manager’s responsibility, from president down to the lowest level supervisor.” Plants, offices, computers automated equipment, and all else that a modern firm uses are unproductive except for human effort and direction.

2. Cut-Throat Competition: Competition for better quality products is fast growing in industrial world these days. To keep an industry alive and dynamic, competition has become must. Hence, to produce more and quality product, it is improved capabilities.

3. Important Part of Success: HRM is the basis of any enterprise. It deals with each part of organisation like finance, purchase, production and marketing. It becomes more important while fixing and achieving the target, the objective of the organisation. Personnel aspect or function is inherent in the process of management itself, and in consequences is applied by all managers throughout the organisation rather than by the personnel manager or his department.

4. Job Satisfaction: Since human resource management aims at getting effective results with people, it helps in their satisfaction and happiness Pigor and Myers state, “Good personnel administration helps individual to utilize their capacities to the full and to attain not only maximum individual satisfaction from their work but also satisfaction as part of a work group.”

5. Blood of the Organisation: Human resource management the nervous system of the organisation. E.F.L. Breach a renowned thinker has underlined its importance using a simile of nervous system of the body. He writes “Personnel management is not the brain, the controller, nor only just a limb, a member nor yet the bloodstream, the energizing force. But it is the nervous system. It is centered in the controlling unit of the brain, for personnel policy is a board responsibility and it is interpreted through the Managing Director.

6. Managing Work Environment: Working environment are full of changes. Increased number of employee, more specialized skills, demand for more benefits, complex industrial laws, wage and salary changes, participation of employees in management, and growing expectation of rank-and-file employees have created problems demanding solution from personnel management. These changes influence employment relationships.

7. Better Team Work: HR manager ensure a good team of competent and dedicated employees and teamwork among them securing their willing co-operation through motivation, participation, proper employment relationship and grievance handling.

8. Two Role of HRM: HRM performs tow fold role. It is regarded as line management responsibility and a staff function. It is advisory and yet executive. It gives help to executive and supervisors in the daily discharge of their human responsibilities.

9. Self Growth: HRM contributes to professional growth by providing maximum opportunities for personal development of each employee. It helps to improve the quality of work life. It allocates work properly and maintains healthy work relationship between individual and different work groups.

10. Corporate Social Responsibility: Human resource and their management plays a vital social role in the development of a nation. It develops an efficient and committed manpower in organisation. It develops their skills, attitude and values for societal growth. It fulfills the expectation of both employee and society in general.

11. HR is Managerial Activity: HRM is not a responsibility that a manager can leave completely to someone else. Every manager retains personal responsibilities for managing people, though he may secure help and advice from other managers, professionals, and technicians.