Marketing Assignment Help Importance of HRM
This is a solution of Marketing Assignment Help Importance of HRM in which we discuss Developing business IT strategy can help your company cope with aging systems and limited resources that can lead to fragmented IT solutions.
Human Resource Management concerns itself with supplying and maintaining a competent workforce which can efficiently perform the functions necessary to conduct a given organization’s operations. Without the availability of professional personnel at each and every level of the organizations chain of command it would be unable to perform its operations in an effective and efficient manner and thus fail to achieve its objectives. The process of HRM includes recruitment, selection, training, assessment and remuneration. HR managers engage personally in the hiring process to ensure that they select the right man for the right job. They also conduct performance assessment and provide adequate remuneration in the form of money or facilities. In this capacity HR managers are directly responsible for the job security and satisfaction experienced by an employee. These two factors are the most important for any employee and the excessive dearth of either or both would invariably lead to a decline in that employee’s productivity. Thus not only does HRM provide a competent workforce but also ensures that it performs to its optimum capacity.
HRM is even more important in industries which have trade unions. The HR department often acts as an intermediary between the union leaders and the top level management and helps them reach a mutually beneficial compromise. A breakdown in communication between different organizational levels is a potentially fatal situation for an organization or at least for the concerned plant. A good example of such the consequences of such breakdowns can be
taken from the incident at the Maruti production plant in Singur, West Bengal, India, where the manager of the plant was immolated by the disgruntled workforce. heplant is now closed awaiting decisions from the company’s board of directors on whether production would be resumed or not. Now, if the HR had facilitated the resolution of the differences between the workforce and the management then a life could’ve been saved and moreover the company wouldn’t have had to suffer such a major loss and decrease in production capabilities. Therefore, human resource management plays a vital role is the well being of a company and its continued operational efficiency.
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