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IntroductionThe principal component of an organization is its 'human resource' or 'people at work'. Human resources can be defined as the knowledge, skills, creative abilities, talents and aptitudes in the population; from the national point of view. From the point of view of an individual enterprise, they represent the total of the inherent abilities, acquired knowledge and skills as exemplified in the talents and aptitudes of its employees. Yodder Heneman and others have recognized the importance of human resource management from social, individual enterprise and professional standpoints. This concept recognizes or clearly tells us how important it is to satisfy the social needs of the employees, providing healthy working conditions to them and also in accomplishing the organizational goals.Human resource management (HRM) is an approach to the management of the people, based on four principles.
üHuman resources are the most important assets an organization has and their effective management is the key to the success of the company.üThe personal policies and the procedures of the company should be closely linked, and make a major contribution towards the achievement of corporate objectives and strategic plans.üThe corporate culture and the values, organizational climate and managerial behavior will influence he achievements and success to a great extent.üHRM is concerned with integration i.e. getting all the members of the organization involved and working together with a common purpose.HRM IN THE INDIAN CONTEXTThe Indian economy has become an integral part of the global economy. Total quality management, cost consciousness, production with less cost, customers' satisfaction etc, have become the standards for us to compete with the others. In such an intensely competitive environment, with the liberalization and globalization of the economy, the management of the organization will have to initiate radical changes within the organization to enable it to compete effectively in a dynamic market.hence the management of the orgnisations will have to continuously enhance change for its survival and growth. The management are called the catalysts of change. Please note that this sample paper on meaning of human resource management is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on meaning of human resource management, we are here to assist you. Your cheap custom college paper on meaning of human resource management will be written from scratch, so you do not have to worry about its originality.
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