Page 12 - DMGT106_MANAGING_HUMAN_ELEMENTS_AT_WORK

Managing Human Element at Work

Notes 1.2.1 Corporate

Good human resource practices help in attracting and retaining the best people in the
organization. Planning alerts the company to the types of people it will need in short,
medium and long run. The HRM can help an enterprise in achieving its goals more efficiently
and effectively in the following ways:
• Attracting and retaining talent through effective human resource planning, recruitment,
selection, compensation and promotion policies;
• Developing the necessary skills and right attitudes among the employees through
training;
• Securing cooperation of employees through motivation; and effectively utilising the
available human resources.

1.2.2 Professional
Effective management of human resource helps to improve the quality of work life. It
contributes to professional growth in the following ways:
• Providing maximum opportunities of personal development of each employee;
• Allocating work properly and scientifically; and
• Maintaining healthy relationships between individuals and groups in the organization.

1.2.3 Social
Sound human resource management has a great significance for society. Society, as a whole
is the major beneficiary of good human resource practices.
• Employment opportunities multiply.
• Scarce talents are put to best use.

• Organizations that pay and treat people well are always ahead of others and deliver
excellent results.
• Maintain a balance between the jobs available and job seekers in terms of numbers,
qualifications, needs and aptitudes.
• Provides suitable employment that gives social and psychological satisfaction to people.
1.2.4 National

Human resources and their management play a vital role in the development of a nation.
There are wide differences in development between countries with similar resources due to
differences in the quality of their people. Development of a country depends primarily on
the skills, attitudes and values of its human resources. Effective management of human
resources helps to speed up the process of economic growth which in turn leads to higher
standards of living and fuller employment.

1.3 The Changing Role of HRM

The challenge of HR managers today is to recognise talent and nurture the same carefully
and achieve significant productivity gains over a period of time. The enterprise is nothing
but people. Some will be intelligent, others not so intelligent; some are committed to jobs,
others are not; some will be outgoing others reserved and so on. “The point is that these
differences demand attention so that each person can maximise his effectiveness therefore
the society as a whole can make the wisest use of its human resources”.

6 LOVELY PROFESSIONAL UNIVERSITY