Commercial Applications
Answer
Human resources and their management play a vital role in the development of the nation. The national significance of HRM is as follows:
Effective Utilisation of National Resources — The effective exploitation and utilisation of a nation's natural, physical and financial resources require an efficient and committed manpower.
Quality of Human Resources — There are wide differences in development between countries with similar resources due to differences in the quality of their people.
Foundation of Development — The level of development in a country depends primarily on the skills, attitudes and values of its human resources.
Economic Growth — 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
According to …………… function of Human Resource Management, Personnel management is inherent in all organisations and at all levels.
- Pervasive
- Challenging
- Staff
- Comprehensive
What is meant by Human Resource Management?
"Human resource management is a challenging function." Comment.
Describe any one/two function of human resource management.