There are some points of importance of human resource management in an organization and these points signify the presence of human resource management (HRM) as a separate department of the organization. However, these points are briefly discussed in the following paragraphs:
Importance of human resource management
1. Formulation of HR policies: For the proper formulation of human resource policies knowledge and efficiency in human resource management are required.
2. Implementation of HR Policies: Not only formulation rather an implementation of HR policies signifies the importance of HR management in an industrial organization.
3. Review of employee needs: human resources management suggest proper action by reviewing employee need. And it increases the efficiency of an organization.
4. Development of social welfare: If human resource management (HRM) is welfare-oriented for employees, some development of social welfare may take place.
5. Utilization of Human Resources: HRM can show it’s important by proper utilization of human resources after getting everything done by employees.
6. Development of Labor-Management Relations: Good labor-management relation is essential for a peaceful working environment. Human resources management can ensure it.
7. Overall development of organization: Human Resources management can play a significant role in achieving productivity and profitability targets. Thus it can help the overall development of the organization.
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