A presentation on human resource management
- Some financial impacts
Human resources is one of the most valuable and unique assets of organization. The term human resources refers to ?the total knowledge, skills, creative, abilities, talents, and aptitudes of an workforce, as well as the values, attitudes of an organization's workforce, as well as the value, attitudes and beliefs of the individuals involved.? Human resources management is one of the most complex and challenging fields of modern management. A human resources manager has to build up an effective workforce, handle the expectations of the employees and ensure that they perform at their best and firm's responsibilities to the society.
[...] Auditing training programs, analyzing labor turnover records, directing morale surveys and conducting exit interview are different ways of controlling the HRM function. HR manager can determine the nature, level and quantum of human resources required. Providing the guides, plans and basis for the job design and redesign. Estimating the present and future manpower requirement on the basis of long range plans and organization objective. Estimating the net human resource requirements on the basis of the present inventory of human resources, and taking into account retirement, transfers, attrition etc. [...]