Importance of Human Resource Management:
Human Resource Management is of utmost important from at least three standpoints, social, professional and individual enterprises.
Social Significance:
The effective management of human resources is likely to serve the goals of our society. It can serve the following goals:
- It can help to maintain an even balance of jobs and job holders to raise living standards of individuals in society.
- It can help people to avail the best most productive and most gainful jobs where they can be most satisfy and effective.
- It can help to ensure the best protection and conservation of human resources to prevent its wasteful or careless use.
- It can help people to take decisions with minimum direction and control.
Professional Significance:
From professional standpoint, the management of human resources is also of great significance. It can provide motivation for effective teamwork by providing desirable working conditions and policies. Specifically, it can serve following professional goals.
- It can help in maintaining the dignity of individual members.
- It can help in providing maximum opportunities for personality development of each participant in the organization.
- It can help in improving employees working skills and capacity thereby increasing productivity and standard of living.
- It can provide healthy relationship between different work groups so that work is effectively be performed.
- It can ensure conservation of human resources by correcting errors of wrong placement and proper reallocation of work.
Individual Enterprise Significance:
The management of human resource management has also significance from stand points of the objectives of the individual enterprise. It can help the individual enterprise to achieve its goal by
- Obtaining capable people through scientific recruitment and selection techniques. Enterprise can identify proper sources of manpower supply and select the suitable candidates among available personnel
- Using proper training and development techniques, the existing manpower can be effectively and efficiently utilized. The proper training and development programmes help the employees to learn new techniques of production, thereby increasing productivity and quality of product. Training programmes also prevent industrial accidents and manpower obsolescence. Thus, ultimately helps in improving organizational climate.
- Maintaining the willingness of people to work through equal provisions of opportunities for satisfaction of human needs not only physiological and security but also need of love, esteem and self-actualization.
