Hrm in 21st Century (Theories & Practices)

Human resource is an appellation used in referring to the workforce of an organization or company. Human resource management is involved in the act of putting together employees in an organized manner to assure the objectives of the organization are achieved in a competent and experienced manner. Human resources are the most important services of any organization since they are the catalysts of non-human resources and the medium for developing competitive advantages and sounds of creativity. No organization can exist without a human resources department (Walsh, 2009). A company without an HR department would be reducing its operations and could collapse within a short amount of time.

Human Resource is a governance of organizations employees. A company 's human resources department is responsible for implementing and overseeing policies governing employee behavior and the behavior of the company toward its employees. It is the people in the organization that carry out important work activities. Managers and HR professionals have the important job of organizing people

The term human resource is defined as a system of activities and strategies that focus on successfully managing employees at all levels of the organization to achieve organizational goal (Niles, 2013). Human resource management is the process of proper use of available limited skilled workforce. The main purpose of the human resource management is to make efficient use of existing human resource in the organization.

The history of human resources goes all the way back to the early 1900s. While human resources management was on the rise, new positions in the field were created. Various types of specialists were created during this time.

HRM is increasing in many different ways now. With so much new technology and different resources to pull from it gives HRM’s a chance to be very strategic and develop many ideas for the organization.

Human resource management has gained atmost importance in the past few years. Studies have found that there is a relationship between human resources of an organization and performance. From an era of slaves to an era of knowledge resources, People have been regarded differently throughout the years. People are now considered to be energy resources which are directly responsible for the effective working of the organization. An organization with good human resources and its effective management forms an effective organization.

The human resource management is a discipline of business administration. Studies and investigates all matters relating to the management of human resources of an enterprise. The aim is to ensure at all times the right people in terms of quality and quantity needed by the business and the effective use and exploitation thereof. Is operated of human resources is a major operation, since people are the most important and critical success factor of any organized human activity. This function is now assigned to qualified employees with relevant education and experience.

Human Resource is the Human Capital. Human Resource Management is the process of maximum use of the available human resource in order to achieve the goal of the organization.Since every organization is made up of people, acquiring their services, developing their skills, motivating them to higher levels of performance and ensuring that they continue to maintain their commitment to the organization are essential to achieving organizational objectives. This is true, regardless of the type of organization-government, business, education, health, recreation, or social action.

According to the online Business Dictionary (2014) human resource management is hiring employees and developing their skills for them to become an asset to the organization. Human resource management is the process of finding out job requirements and the number of employees needed, sourcing the right people for the job, training them, management of wages and salaries, handing out benefits and incentives, conducting performance evaluations, resolving disputes and communicating with all the employees of the organization. (businessdictionary.com).

Human resource can be defined as the translating process of human being into a useful resource. When a human being contributes his/her skills, knowledge and positive attitude towards productive work in an organization, he/she becomes the human resource for that organization.

Human resource (HR) management is the efficient use of human resources in an organization through the management of people related activities.Human resource management is a fundamental and tactical organizational activity of increasing complexity and significance.

Human Resources Management (HRM) terms had widely replace personnel management (PM) as in the process of managing people in the organizations. What actually is human resources management? Well, it is said that human resources management is an organization’s most valuable asset. Organization thinks that human resources department plays a huge role in terms of staffing, training and assisting to manage people so that the employee and the organization are capable to maximize the resources in the organization. (McNamara, 1998). Besides, in the global business, human resources management had effectively replaced other management traditions like Industrial Relations (IR) and Personnel Management (PM) as a tool to reshape

This article discusses the foundations of the modern human resources department and covers the three historical periods of development to where modern human resources has evolved. There are three main historical periods that are discussed including - pre-industrial, bureaucratic, and high performance. All three of these periods have played a vital role in the field of Human Resources. The pre-industrial period ended with the revolutionary war. This time period saw a lack of human resource management due to “inequality, inflexibility and misalignment that would be unimaginable today.” Slavery and indentured servitude were common throughout the American colonies and the only means to learn a trade were through apprenticeships which

We at GAO use the term "human capital" because "in contrast with traditional terms such as personnel and human resource management" it focuses on two principles that are critical in a performance management environment. First, people are assets whose value can be enhanced through investment, as the value of people increases, so does the performance capacity of the organization, and therefore, its value to clients and other stake-holders. Second, an organization's human capital approaches must be aligned to support the mission, vision for the future, core values, goals, and strategies by which the organization has defined its direction and its expectations for itself and its people... The term "human capital" originated in the field of economics. But both words human and capital are equally important to the concept as we apply it. Enhancing the value of employee is a win-win goal for employer and employees

Human resources is the department which deals with certain aspects of a business or organization including, but not limited to, hiring, administration, and training of personnel. Therefore, this department is choosing the future of a firm, and their decisions can either make or break a firm. It should fall under their responsibilities to be the motivators and promotors of a comfortable and successful work environment. If we better our human resources platform in such a way that benefits our workers, we will experience increased production, and more importantly we will yield greater profits.