Meaning and Limitation of Human resource management (HRM)
Meaning and Limitation 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. " Limitation of Human resource management (HRM) HRM approach is very useful in creating work culture in the organisation but still it suffers from certain limitations: 1. Recent Origin- HRM is of recent origin, so it lacks universally approved ...