Introduction
Human Resource is the most important term in world business , HRM deals with the most important asset of an organization- human assset. It is impossible to run a business without employees in an organizaton. Employees are the most valuable resource and HRM ensure the proper utilization and retention of this resource. HRM is the process of managing human asset and nurchuring their talents in the organizations in a structured and thorough manner according to the organizations requirement. This covers the fields of staffing (recruitment & selection) organization,.. training and development, compensation management, performance appraisal management, retention policies, managing employees and employers relation, matching employee expectations with the organizations goal etc.All the functions of hrm is challenging to the managers as their decision is effect on the organizations image even in existance.
The function recriuting people includes, job analysis, job discription, matching employee qualification with job requirement, selecting the right person, orientation and determining the pay structure compared to the standerd etc. The term training and development requires need assessment to train them, updated emplyees with the technological advance. Training is also necessary for the individual development and progress of the employee, which motivates him to work for a certain organization apart from just money.
A performance management process sets the platform for rewarding excellence by aligning individual employee accomplishments with the organization’s mission and objectives and making the employee and the organization understand the importance of a specific job in realizing outcomes. It also helps to identify the employee dissatisfactions and to take initiatives to motivate them. Employee relations refer to the relationship shared among the