Commercial Applications
"Effective management of human resources is essential for the prosperity and welfare of an organisation, a society and a nation." In the light of this statement, describe the role of human resource management.
Answer
The role of human resource management can be discussed at four levels — corporate, professional, social and national:
1. Significance for an Enterprise — HRM helps an enterprise achieve its goals more efficiently and effectively in the following ways:
(a) Attracting and retaining the required talent through effective human resource planning, recruitment, selection, placement, orientation, compensation and promotional policies.
(b) Developing the necessary skills and right attitudes among the employees through training, development and performance appraisal.
(c) Securing willing cooperation of employees through motivation, participation and grievance handling.
(d) Utilising effectively the available human resources.
(e) Ensuring that the enterprise will have in future a team of competent and dedicated employees.
2. Professional Significance — Effective management of human resources helps to improve the quality of work life. It contributes to professional growth in the following ways:
(a) Providing maximum opportunities for personal development of each employee.
(b) Maintaining healthy relationships between individuals and different work groups.
(c) Allocating work properly.
3. Social Significance — Sound human resource management has a great significance for the society. It helps to enhance the dignity of labour in the following ways:
(a) Providing suitable employment that provides social and psychological satisfaction to people.
(b) Maintaining a balance between the jobs available and the job-seekers in terms of numbers, qualifications, needs and aptitudes.
(c) Eliminating waste of human resources through conservation of physical and mental health.
4. National Significance — Human resources play a vital role in the development of the nation. The effective exploitation and utilisation of a nation's natural, physical and financial resources require an efficient and committed manpower. Countries with similar resources differ in development due to differences in the quality of their people. Effective management of human resources helps to speed up the process of economic growth which in turn leads to higher standards of living and fuller employment.
Related Questions
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(A) Any three Development functions
(B) Any two maintenance functions
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