This document discusses the origins and importance of human resource management. It notes that there are 5 key organizational resources, with human capital being the most important. The human resource function involves recruiting qualified employees, determining compensation, managing employee development and performance, and addressing human relations issues. The goals are to optimize employee contributions to organizational effectiveness and maximize their long-term retention. Human resource management has evolved from a focus on scientific management and production standards to consider workers as people.
This document discusses the origins and importance of human resource management. It notes that there are 5 key organizational resources, with human capital being the most important. The human resource function involves recruiting qualified employees, determining compensation, managing employee development and performance, and addressing human relations issues. The goals are to optimize employee contributions to organizational effectiveness and maximize their long-term retention. Human resource management has evolved from a focus on scientific management and production standards to consider workers as people.
This document discusses the origins and importance of human resource management. It notes that there are 5 key organizational resources, with human capital being the most important. The human resource function involves recruiting qualified employees, determining compensation, managing employee development and performance, and addressing human relations issues. The goals are to optimize employee contributions to organizational effectiveness and maximize their long-term retention. Human resource management has evolved from a focus on scientific management and production standards to consider workers as people.
There are 5 resources that any organization may use:
1. Manpower 2. Money 3. Machine 4. Materials 5. Methods (including moral) The most important asset of the organization is the human resources (human capital). The focus of our studies pertains t the people who works in the organization whether they are privilege employees (belongs to the management) and the rank and file (lower rank people). Managing people in which they will contribute to organizational effectiveness. It is the job of the HR director and its subordinates to top the potential of the people in the organization. They would do the proper recruitment and use many resources of campaigning like going to several schools newly graduates. Selecting the best people who would work in the organization. They will also create and calculate the compensation package that is commensurate to the work performance of the employees. Because whatever mistakes they make in recruiting people may mean a liability on the part of the corporation. Prior to different studies, the human resource function begins with scientific management. They seriously study the management and practice which is related to the human workers. Frederick Taylor and Frank and Lilian Gilbreth used time and motion studies of each job task to develop” the one best way” (production standards) to do the job. They follow a production standard to do the job in a manner with a cheaper cost and in a shorter time so that they meet the needs and wants and desire of their clients/ customers. Origins of the Human Resource Function Because of the growing demand of the corporation for bulk orders, there is also a growth in the size of the people who work on the organization. As the corporation grow and form their branches, they need more people through hiring These employees should be trained and be satisfied so that they would stay longer in the organization until their retirement age. Its not only the recruitment, selection, training, development of the employees, and deciding for the compensation but also there are issues like issues with human resource related to colleagues/coworkers, clients, and relationship with the employer. Human Relations Movement (1930s) If there are no people who work, how can the company generate money? Workers were no longer considered tools but people.