Resource is the chief operating factor of any company or organization. In order to function productively and effectively, every organization needs a few basic resources. These include capital, materials, machinery and last but not the least, man power or human resources. However, the inanimate resources cannot themselves meet and accomplish the aims and objectives of the company. Hence, they need to be sought out organized, utilized and coordinated the human resources.
From the need of this situation in every professional organization, there emerged the HRM or the Human resource Management. Like the way a Central Processing Unit operates and performs the chief processing functions of a computer system, the human resource management is likewise regarded as the major functioning part of every professional body. It deals with crucial things ranging from the role of finding and recruiting human resources to performance management, the welfare and security of the workers for the company.
Thus, the human resource department of any company or organization plays a vital role in building and developing the employee structure, motivating the employees leading to the overall or holistic development and organized administration of the company.
What is understood by the term Human Resource?
To state it very flat, the term ‘Human Resource’ is used to define the employees who work for an organization or company as well as to describe the incumbent department that is responsible for the proper and organized management of the other resources related to the human resources. According to William Almonte Mahwah Since the fundamental resource for any kind of productive and constructive work is essentially human beings, and the basic formula behind every unit of production is universally based on the operational statistics of man and hours, there is no alternative to human resources in any professional field.
Though, nowadays, with the rapid move towards technological advancement and modernization, consistent efforts are being made to reduce and minimize the role of human resources in the professional field of production by replacing human beings with improved and advanced machinery. Yet, it is also admitted unanimously that machines are technology-based systems and are after all, required to be operated and monitored by human beings. So, says WilliamAlmonte, the roles of human resources and the managing department of human resources in any company or organization are integral to brace up the administration, discipline and development of the organization, eventually making the most of the values of its employees.
In the 1960s, when the value and worth of the labor relations began to draw attention and recognition, and when such notions and concepts like organizational conduct, worker motivation came into existence, the term ‘human resource’ reportedly broke in with its epoch making impact on the professional units.
Human Resource Management
The aforesaid discourse has by now etched a concrete impression of the importance and role of the human resource managing department which make it integral to every organization. The HRM looks after the recruiting, proper training, compensation, appraisal and benefits and security of the workers, keeps up a healthy employer-labor relationship contributing to the overall development of the organization.