QS Study

Philosophy 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.

Philosophy of Human Resource Management: The basic guide to HRM action in any company derives from its philosophy toward people. A philosophy exists in every company, although it is not written down. It guides to personnel policies. There are two contrasting views regarding employee at work:

Technical factor: Labor is viewed as a technical factor of production. They are treated as a commodity and they can be bought and sold. They are considered, as cogs in the machine they are hired and fired at will.

Human factor: Labor has been viewed as a human factor with a lot of positive potentials. So they must be treated with respect and dignity. People are assets – not cost. Investment on people is very rewarding and dignity, Management must develop and utilize the talent of people to achieve common goals.