Define Human Resource Management (HRM). What are the major challenges of Human Resource Management (HRM) ?
Meaning and Major Challenges of Human resource management (HRM) Meaning- Human resource management may be defined as a set of policies, practices and programs designed to maximize both personal and organizational goals. It is a process by which the people and organizations are bound together in such a way that both of them are able to achieve their objectives. Definition- According to Filippo, " 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. " Major Challenges of Human Resource Management- 1. Downsizing Plan 2. Exit Policy 3. Work Force Diversity 4. Technological Changes 5. Work life Conflict 6. Liberalization, Globalization and HRM 1. Downsizing Plan Downsizing means reducing the size of the organisati...