Concept of Human Resource

The six major resources of business (also known as the 6 M’s) organisation are..

MenMoneyMaterialsMachineMethodmanagement

How is man, a resource? Man is a resource, since man acquires

enthusiasm in work through fulfilment of society demands and feels satisfied through self-expression through maintenance of individuality among his own community. Man’s will power, efficiency, innovative attitude, conscience, mental power etc have made man the best among all the other resources.

-Elton Mayo

Human Resource Management

What is HRM...?

Process of management which develops & manages the human elements of an enterprise.

not only manages the skills but also the attitudes & aspirations of people

it plays a very vital role in the sustainability of an organisation because a person who works in an organisation brings not only his abilities, skills & experiences, but also his beliefs, emotions and values to organisation

Definition of HRM Human resources management plans,

organises, directs & controls the functions of procuring, developing, maintaining & utilising the workforce of organisation

directing planning

HRM organising controlling

Objectives of HRMSocietal

Organisational

Functional

Personal

OBJECTIVES OF HRM

Functions of HRM