Meaning and Importance of Human resource management (HRM) approach.
Meaning and Importance of Human resource management (HRM) approach . 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. " Importance of Human Resource Management(HRM) or Personnel Management- (a) Importance for the organisation- Human resource management is important for the organisation due to the following: 1. Good human resource practices help in attracting and retain...