1.

 Human Resource Management: Meaning.

Answer»

Human resource management is 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.

Functions of Human Resource Management:

  • It includes selection, training, promotion and direction to the employees.
  • It enables to accomplish business objectives by way of integrating them with individual objectives.
  • It manages human resource as valuable asset of the business.
  • By providing training to the employees, their development should be planned.
  • Placing employees at the right places by evaluating their performance.
  • By efficient human resource management labour turnover ratio can be reduced and skillful employees can be retained for longer duration.
  • Human resource management can provide conducive atmosphere to employees to boost their enthusiasm and efficiency.


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