Human Resource Management

Jul 6th, 2015
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Explore the basic nature of HRM.

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Human Resource ManagementIntroductionHuman resource is the most critical resource of the company as it is the only resource that possesses the power to think, analyze and comprehend the operating environment. This is the only resource that possesses intellect which sets it apart from all other resources. Thus this resource must be managed in a prudent and effective manner as a talented pool of employees is regarded as a crucial factor imparting competitive advantage to the company on a sustainable basis. The field of Human Resource Management is a challenging area as every individual is unique and characterized by ones own set of attitudes, behavior, skills, perceptions and abilities. This problem gets complicated as companies globalize and geographically diversify their HR base to include human resources from a range of economies that differ from each other on the levels of development, labor laws, language and method of communication along with cultural perceptions. Managing these diverse resources in an effective manner so as to play down on the challenges and capitalize on the advantages is a very complicated task. Basically it deals with the recruitment, compensation, training, administration, communication and many other concepts of working with the people in an organization. According to (1), The process of analyzing and managing organizations human resources needs to ensure satisfaction to its strategic objectives. is termed as Human Resource Managemen

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