IMPORTANCE OF HUMAN RESOURCE MANAGEMENT
Human Resource Management is considered to be the most
important part of management these days. Commenting upon the importance of
human resource management, Pigours and Myres available to management have
rightly stated-
"While human resources in an organization are only one part of resources which must be coordinated, it is through combined efforts of people that monetary and material resources are utilized for organizational objectives. Without human efforts, organizations can never accomplish their objectives. Consequently, the organization and motivation of human efforts- the Human Resource Function of Management-is a central responsibility of management everywhere".
The importance of
Human Resource Management in modern business and industrial enterprise can be
explained as follows :
- It facilitates the rapid economic development of a country.
- It encourages the tendency of socialism in modern society,
- It facilitates the earliest possible solution to the problems and complications of a business and industrial enterprise.
- It helps in the fulfillment of the objectives of labor unions.
- It provides recognition to the workers of the enterprise, which is necessary for the success of the enterprise.
- Employees and workers feel themselves a part of the enterprise because of Human Resource Management.
- It develops the feeling of unity between labor and capital.
- It establishes sweet human relations in the enterprise.
- It enables the best possible utilization of labor and material resources of the enterprise.
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