Importance of Human Resource Management
Human Resource Management is the set of activities reaching to procuring, developing, maintaining, and utilizing a group of people for the proper functioning of organization activities and achieving goals. It is the function within an organization that focuses on recruitment of management and providing direction for the people who work in the organization.
Importance of Human Resource Management: Importance of Human Resource Management can be explained by these points.
Policy formulation: Importance of HRM can be understood if it can formulate human resource policies properly. It is the wisdom of human resource managers.
Policy execution: Efficient HRM executes all human resource policies in accordance with goals and objectives for the achievement of organizational goals.
Review of employee needs: HRM reviews employee needs, hopes and aspirations time to time and regularly.
Utilization of human resources: It’s a very tough function. Efficient HRM can successfully utilize efforts and sincerity of employees.
Social welfare development: Social welfare can enhance the involvement of employees, which can help for the satisfaction of top management.
Effective trade unionism: Trade unionism, industrial disputes, conflicts and all other hazards can be handled appropriately and peacefully by efficient IIRM.
Overall development organization: Ultimate and overall development of an organization can be contributed by effective HRM because employees are properly utilizing and managed by HRM which can streamline the growth of an organization.