Introduction:Modern day management of an enterprise is dependent on optimal utilization of scarce resources. Of all the resources namely Man, Machine, Material, Money and Manager the most important resource is man and therefore modern day enterprises take special care of their manpower. Human beings are sensitive and emotional therefore need special handling. A good leader of men understands the human psychology and works in accordance with the capability of his people. What started, as a much-despised activity of managing the relationship between businesses and labor unions has now become an essential part of any successful organization. In my opinion assessing and measuring the effectiveness and efficiency of HR programs is truly an important challenge for HR professionalsHistory:The history of Human Resource Management (HRM) can be traced back to the early 1900s. Galbraith and Nathanson developed a model for the human resource management function that divided the human resource management function into four basic sub functions.
Subsequent review of the human resource management function divided the function into seven parts. The Human Resource Management function has evolved significantly since the early 1900. The need to deal with labor unions and the human relations movement has increased the need for competent human resource professionals.
Functions of Human Resources Management:Human Resource Management focuses on securing, maintaining, and utilizing an effective work force. It involves a various activities, such as assessing human resource forecasts for the organization, screening of prospective employees, recruitment process, assessing training needs of the employees, developing a proper of compensation systems, and define policies in accordance with local law and needs.
Importance of effective Human Resource Management Planning:1.HR managers have the challenge to align the operational needs of managers with the mission and organizational goals of the business.
2.HR managers must communicate effectively with operational...