Page 170 - DCOM102_DMGT101_PRINCIPLES_AND_PRACTICES_OF_MANAGEMENT

Principles and Practices of Management

Notes Realise the issue and systems approach to coordination
Discuss techniques of coordination

Introduction

Human resource is a very broad term with which an organisation, or other human system
describes the combination of traditionally administrative personnel functions with acquisition
and application of skills, knowledge and experience, employee relations and resource planning
at various levels.
Human Resource Management (HRM) is the strategic and coherent approach to the management
of an organisation's most valued assets – the people working there who individually and
collectively contribute to the achievement of the objectives of the business. Human resource
management's objective, on the other hand, is to maximize the return on investment from the
organisation's human capital and minimize financial risk. It is the responsibility of human
resource managers in a corporate context to conduct these activities in an effective, legal, fair,
and consistent manner.
In an organisation, different people come together to work for a single organisational goal.
Needless to say, coming from varied backgrounds, the mindsets, values, ethics, skills, behavioral
patterns, etc., of these people are bound to be different. Due to this, one of the biggest challenges
and responsibilities for a manger becomes top handle such a group of varied people. Taking
them all as just human resources also, the "human" concept is still there.
Different people in the same teams have different thinking and working pattern. The difference
increases more when it comes to different departments and their heads. The challenge increases
manifold if the interaction has to be between the members of varied teams. Here comes the role
of coordination.
Coordination is the act of coordinating, making different people or things work together for a
goal or effect. Obviously, a manager has to be adept in the art of coordination.

10.1 Human Resource Management

Human resource management can be defined as a collection of those managerial activities that
are associated with human resources planning, recruitment, selection, orientation, training,
appraisal, motivation, remuneration, etc. HRM aims at developing people through work.
HRM is seen by practitioners in the field as a more innovative view of workplace management
than the traditional approach of personnel management. Its techniques force the managers of an
enterprise to express their goals with specificity so that they can be understood and undertaken
by the workforce, and to provide the resources needed for them to successfully accomplish their
assignments. As such, HRM techniques, when properly practiced, are expressive of the goals and
operating practices of the enterprise overall. HRM is also seen by many to have a key role in risk
reduction within organisations.

Human resource management policies are vital for organisations that are serious about resolving
personnel issues and finding human resource solutions. Its features include:
1. Organisational management

2. Personnel administration
3. Manpower management
4. Industrial management

162 LOVELY PROFESSIONAL UNIVERSITY