Important Points for IC 90 - Human Resource Management (HRM) Exam
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Over a period of time, it was recognised that the most important of all assets of an organisation is its people. Therefore, managing people or personnel management became one of the most important function of management.
Traditionally Personnel management used to deal with ways of recruitment, placement, leave, salary administration, perquisites, promotions and transfers, retirement benefits, disciplinary matters, etc. The approach was to ensure uniformity while dealing with people. The rules would be applied without discrimination. Individual problems did not matter.
Human Resource Management (HRM) is based on the understanding that every individual is complex, endowed with the potential to enhance skills and become a more valuable asset as well as having, at the same time, the capacity to withdraw his skills from work and become a liability.
The activities of HRM can be broadly classified under four functions: Acquistion, Development, Motivation and Maintenance.
It is believed that every individual has five distinct dimensions to his personality that affect his work. They are: Physiological dimension, Psychological dimension, Social dimension, Economic dimension and Power dimension.
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