Human Resource Management

Human resources are organizations greatest assets. They should be properly selected properly trained and properly motivated. According to byers and rue “human resource management is the function facilitating the most effective use of people to achieve both organizational as well as individual goals”. Thus human resource management is the process of training appraising and compensating employees such that they are motivated to achieve both the organizational as well as individual goals. HRM helps an enterprise in attracting talent through proper human resource planning. It helps in developing the necessary skills and attitude with training and also helps in securing cooperation through motivation. It plays an important role in retaining talent through the right policies. It helps in improving the quality of work life in an organization. Human resource development is the process of training and development of employees to make them effective. It is a subset of HRM. There are various challenges before HRM such as globalization which would require more productivity, technological trends that would require new skill set etc. Thus an effective HRM is the backbone of any organization and it plays an important role in the effective functioning of that organization.