Human Resource Management
In today’s scenario, human resource management has become a significant concept for the success of a firm in the global industry. People of the firm are its valuable assets as without having talented pool of people, it is not possible for the firm to become successful. Managing human resource is one of the most complex and challenging fields of modern management. Human resource management is known as set of different policies and procedures that are used by the manager to motivate lead and assist the human resource of the firm, so that objectives and goals of the firm can be achieved on time.
HRM assist the managers to connect the abilities and skills of the employees with their job roles. HRM is a broad field, which includes recruitment of right people for right job position, explain the employees regarding their roles and responsibilities polish their skills and capabilities through training, compensate them with fair remuneration and wages, apprise the as per the their performances, etc. Without having effective HRM process in the firm, it is not possible for the management to motivate the employees, to give them job satisfaction and retain them for long time.
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