Human Resource Management (HRM):

• The process which takes into consideration matters like proficiency, knowledge, intelligence, likes and dislikes, personal development, necessity, etc. of employees, integrates them with business objectives and channelizes the business towards the path of success and profitability is called Human Resource Management (HRM).
• Land, building, machinery, furniture and vehicles are all material assets of a business unit. The business takes care that these assets are fully utilized and do not get eroded unnecessarily.
• Similarly, employees working in the business unit are its live asset. Without them no business can ever work. Hence, it is necessary to take care of them. .
• Business objectives can be easily and successfully achieved if the needs of employees are taken care and conducive work environment is provided.
• Due to such care, enthusiasm, loyalty and feeling of oneness among employees develop. This increases their work efficiency.