Concept of Human Resource Management

Human Resource Management (HRM) may be defined as a set of policies, practices and programmes which designed to maximize both personal and organizational goals.

Definitions

According to Fippo, "human resource management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and reproduction of human resources to the end that individual, organizational and societal objectives are accomplished."

Basically, Fippo is describing basic functions of HRM, i.e., Planning, Organizing, Directing and Controlling at all the levels of organization (individual & organizational) and society at large.

According to National Institute of Personnel Management of India, "HRM is that part of management concerned with people at work and with their relationships within the organization. it seeks to bring together men and women who make up an enterprise, enabling each to make his own best contribution to its success both as an individual and as a member of a working group."

Above definition is presenting more humanistic approach of HRM. It is emphasizing human part of HRM in which people make an enterprise to put their best possible efforts for the success of themselves and organization as well.

In brief, HRM is managing human for achieving goals of individuals, organization and society at large. it comprises basic functions of management which is done by Human resource employed in the organization, which results in accomplishment of objectives for the success of individual, organization and society.