Professional Documents
Culture Documents
Resource Management
After reading this chapter, you should
be able to:
• Understand the meaning of human
resources.
• Define the objectives, scope and functions
of Human Resource Management.
• Differentiate between Human Resource
Management (HRM) and Personnel
Management (PM).
• Enumerate the qualities of HR managers.
Human resources: Meaning
• Human resources means the collection of
people and their characteristics at work.
• These are distinct and unique to an
organization in several ways.
• Human resources is the set of the people
who make up the workforce of
an organization, business sector, industry,
or economy.
Why and how human resources (HR)
are superior to physical resources ?
• HR alone appreciates over a
period.
• HR achieves in higher performance
output than its actual input.
• HR brings value to all other assets.
• Operational flexibility is possible
with HR.
Human Resource Management:
Meaning