Blog 10 - HUMAN RESOURCE MANAGEMENT
HUMAN RESOURCE MANAGEMENT Human Resource Management is the process of recruiting, selecting, inducting employees, providing orientation, imparting training and development, evaluating employee performance, deciding compensation and benefits, motivating employees, maintaining proper relations with employees and their trade unions, ensuring employee safety, welfare, and health measures by labor laws of the land, and finally following the Orders / Judgements of the Court. WHY DO WE CALL IT HUMAN RESOURCE MANAGEMENT? Human: refers to the skilled workforce in an organization. Resource: refers to limited availability or scarcity. Management: refers to how to optimize and make the best use of such limited or scarce resources to meet the organization’s goals and objectives. Therefore, human resource management is meant for proper utilization of available skilled workforce and also to make efficient use of existing human resources in the organization. HRM PROCESS: Sourc