Skip to main content

PRINCIPLE OF HUMAN RESOURCE MANAGEMENT


PRINCIPLE OF HUMAN RESOURCE MANAGEMENT

      Human resource management, like any other discipline, has certain principle to guide the conduct of employee. These have been widely accepted in industrial circles and are usually reflected in personnel policies of a company.

1. Principle of Personal Growth: A man has unlimited potential to grow. He must be developed to his fullest extent. He should be given opportunity to realize his inner talents and capabilities. If his capacity to work is not accentuated, the person may suffer from acrimony and his talent may be abated.

2. Principle of Social Welfare:  The level of progress in a country depends primarily on the skills, attitudes, and abilities of its human resources. Industries are an important part of a nation. Human resource and their management plays a vital role in the development of a nation. It has become significant due to the growing expectations of society from employers.

3. Principle of Integration: The employer and employees are co-partners in industry. They must have cooperative attitude towards each other. To create a teamwork, good labour management relations and conflict, free relationship among them, the principle of co-partnership should be accepted. The work policy should be based on mutual cooperation and reciprocal understanding.

4. Principle of Selection: This principle states that the employees should be selected through proper tests and screening. The scientific analysis of the traits and abilities of the candidate must be made. His entire personality must be judged.

5. Principle to keep Morale High: To maintain high morale of employees is the basic duty of human resource manager. He should maintain a good condition of physical and mental well-being of the individual. He should maintain the cooperative attitude, willingness to strive for the organisational goals, feelings of togetherness, and such mental factors as zeal, spirit, hope, confidence, etc. among his employees.

6. Principle of Adequate Prize: Fair and adequate reward is a primary consideration for an employee. To attract capable employees to the organisation, they must be offered fair and equitable wages. Reward must motivate and encourage. It must meet the expectations of those carrying out the work. If the employee is fairly rewarded, he takes interest in his work and brings better result.

7. Principle of Communication: Dealing with persons requires the manager to communicate with other people. Communication is the exchange of ideas, opinion, sentiments, feelings, facts and attitude. A human resource manager cannot be effective it tends to encourage better performance and job satisfaction. People understand their jobs better and feel more involved in them when there is a climate of “open” communication.

Comments

Popular posts from this blog

International Sales Management

Int ernational Sales Management Sales management is the process of developing a sales force, coordinating sales operations, and implementing sales techniques that allow a business to consistently hit, and even surpass, its sales targets. If your business brings in any revenue at all, a sales management strategy is an absolute must. When it comes to boosting sales performance for any size of the operation, no matter the industry, the secret to success is always precise sales management processes. Besides helping your company reach its sales objectives, the sales management process allows you to stay in tune with your industry as it grows and can be the difference between surviving and flourishing in an increasingly competitive marketplace. The past decade has seen a number of changes in global situations. Chief among these is the opening up of Russia, India, and Eastern European countries and the emergence of China as a major market. A sale is an important element of marketing. ...

FACTORS AFFECTING PRICING DECISION

            Factors Affecting Pricing Decision         Pricing decision is an important task for the management of a company. An individual company is not free in the determination of prices for its products. It is bound to take into consideration many other factors. For a judicious pricing decision a marketing company should take into account the following factors: (1) Cost of the Product: No marketing company can afford the luxury of ignoring the cost of product. Cost of the product includes variable cost e.g. cost of raw material, labour charges, power expenses etc. and fixed cost. Cost of product is the major guiding factor in pricing decision. (2) Life-Cycle of the Product: In the introduction stage price of the product may be kept lower to generate demand. In growth stage prices may be increased and in maturity and saturation stages again the prices may be reduced to revive demand. (3) Product Sub...

EARN MONEY ON GROWW APP

  Earn your ₹1000 reward straight to your Groww Balance by activating your account using this link here:  https://groww.app.link/refe/sonu11439773