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Priyanka Chhibber, Lovely Professional University Unit 1: Understanding the Nature and Scope of HRM

Unit 1: Understanding the Nature and Scope of Notes
Human Resource Management

CONTENTS
Objectives
Introduction

1.1 Human Resource Management
1.1.1 Definitions
1.2 HRM Functions
1.3 Objectives of Human Resource Management

1.4 Nature and Scope of Human Resource Management
1.5 Personnel Policies and Principles
1.6 Principles of HRM
1.7 Evolution of HRM

1.8 Significance of Human Resource Management
1.9 Summary
1.10 Keywords
1.11 Review Questions

1.12 Further Readings

Objectives

After studying this unit, you will be able to:
 Define HRM functions

 Discuss objectives of HRM
 State the relevance of Principles
 Explain the concept of Personnel Policies
 Learn Evolution of HRM

Introduction

HRM is concerned with managing the people resources of an organization. In fact, managing
human resources is the most crucial and challenging task that management has to perform,
crucial because it is the key to sustainability in the present competitive world and challenging
because no two individuals are same (they have different set of needs, ambitions, aspirations,
mental make-up, backgrounds. Can you recall more differences!!). Now imagine the task of the
human resource manager who has to satisfy not only the different set of needs of its people but
also meet the overall organizational objective.

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