One of the most useful definitions of Human Resource Management(HRM) is provided by Fisher, Schoendfelt and Shaw in their book “Human Resources Management,“ HRM involves all management decisions and practices that directly affect or influence the people or Human resources who work for the organization”.
The concept of human resources entails:
- Total knowledge
- Creative abilities
- Aptitudes of an organisation’s workforce
- Belief of the individuals involved
A human resource manager has to build an effective workforce, handle the expectations of the employees and ensure that they perform at their best.He or she also has to take into account the firm’s responsibilities to the society that it operates in.
Objectives of HRM
The objectives of HRM can be classified into the following:
- To act as a link between the top management and the employees.
- To arrange and maintain adequate manpower inventory, which in turn,ensures the smooth working of the organisation.
- To offer training as a way of developing skills, enhancing productivity and most importantly, increasing individual and organisational performance to achieve the desired results.
- To devise employee benefit schemes for improving employee motivation and group morale, and enhancing employer-employee cooperation.
- To ensure and enhance the quality of work life, which refers to the employees’ perception of their physical and psychological well-being at work.
- To help keep up ethical values and behaviour amongst employees both within and outside the organisation.