What is the professional and social significance of Human Resource Management?

OR

Explain three professional and two social significance of Human Resource Management.

Professional Significance of HRM

Effective management of human resources helps to improve the quality of work life. It permits team work among employees by providing a healthy, working environment. Three points of professional significance are:

1. Maximum Opportunities for Personal Development — HRM provides maximum opportunities for personal development of each employee through training, executive development and career planning.

2. Healthy Relationships Between Individuals and Work Groups — HRM helps in maintaining healthy relationships between individuals and different work groups, ensuring teamwork and harmonious functioning.

3. Proper Allocation of Work — HRM ensures proper allocation of work to employees based on their qualifications, skills and interests. This results in better productivity and job satisfaction.

Social Significance of HRM

Sound human resource management has great significance for society as it helps enhance the dignity of labour. Two points of social significance are:

1. Providing Suitable Employment — HRM provides suitable employment that gives social and psychological satisfaction to people. Employment is essential for self-respect and standard of living.

2. Maintaining Balance Between Jobs and Job-Seekers — HRM helps maintain a balance between the jobs available and the job-seekers in terms of numbers, qualifications, needs and aptitudes. It also eliminates waste of human resources through conservation of physical and mental health.