Human Resources — Flashcards

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Human Resources Management, also called personnel management, is concerned with the acquisition, development, compensation and maintenance of an efficient and dedicated work force. It manages people s…

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Human resource management means the planning, organising, directing and controlling of the procurement, development, compensation, integration and maintenance of people for the purpose of contributing…

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Human resources or personnel refer to all the people employed and working in an organisation. In simple terms, they are the workers and employees who help the business run.

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People are the most important asset of business because the efficiency of all other resources such as materials, machinery, money, land, buildings, furniture and fixtures depends upon human resources.

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Effective management of human resources is important because the success of business enterprise depends largely upon the calibre and dedication of its human resources. Skilled and committed people hel…

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HRM is called a pervasive function because it is required in every organisation irrespective of its nature, size and objectives. Every organisation needs people to manage and support its work.

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HRM seeks to achieve the success of the business, its employees and society at large. It does not focus only on company profit; it also supports employee growth and social well-being.

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HRM is considered a challenging task because people are dynamic. Their needs, behaviour, and performance can change, so managing them requires care, planning and good judgement.