IMPORTANCE OF HRM IN BUSINESS ::

1)SOCIAL SIGNIFICANCE: proper management of personnels enhance their dignity by satisfying their Social needs. a) Maintaining the balance between the jobs available and jobseekers ,accroding to the qualification and the needs. b) Providing suitable and most productive employment. c) Making maximum utilization of the resource in a effective manner and playing the employee a reasonable compensation in

proportion to the contrribution made by him. d) Eliminating waste or improper use of human resourse,through conversation of their normal energy and health. e) By helping people make their own decission,thet are in their interest 2) PROFESSIONAL SIGNIFICANCE:by providing health working environment,it promotes team work in the employees.. a) Maintaining the dignity of employees as a humanbeing.

b) Proiding the maximun opportunities for personal development. c) Providing healthy relationship between differeent work groups so that work is effectively performed. d) Improving the employees working still and capacity. e) Correcting the errors of wrong postings and proper reallocation work. 3) SIGNIFANCE FOR INDIVIDUAL ENTERPRISE:it can help the organization in accompishingits goals by:

a) Creating right attitude among the employees through effective motiation b) Utilizing effectively the available human resources c) Securing wiling co-operation of the employees for achiving goals of the enterprise and fulfilling their own social and other phychological needs of recognition, love, affection, belongingness,esteem and self-motivation.

Role Of Human Resource Management In Todays Business World

Human resources are one of the most important features of many businesses, especially in an economy where there is an increasing shift towards service-based industries.Human resources account for a large proportion of many businesses costs and it is the people that invariably drive a business. Management of these resources therefore is an integral part of business success. The main aim of this unit is to develop an understanding business. The of how role management of human functions can affect the performance of measure resource management are as follows :

1. Reduce absenteeism : if staff are absent from work they are not able to carry out the function for which they have been employed. In many businesses, these functions have to be taken on by someone else- if not, the customer could suffer. Reducing absenteeism is an important feature of human resource management. 2. Motivate the staff : motivation is an important part in reducing staff turnover and minimizing can and be staff done work absenteeism. by work atmosphere. Motivation environment

Motivation is done by creating interest in the job of the staff by taking suggestion

schemes, and giving out some gifts for best suggestion will definitely motivate the staff. 3. Team work : many business places gives more importance to team work. A good team consists of people with different skills, abilities and characters. 4. Recruitment and Selection : when

candidate apply for a job, a business will have to make a shortlist and draw up plans for the interview process. After shortlisting their is psychometric tests conducted. Psychometric tests means 3 types of tests i.e ability test, personality test and interest test. Finally the selection is conducted.

5. Providing training programmes for the staff : the main role of human resource management is to provide its staff with training programmes on the current topics with which they can develop themselves with the present situation.

Assignment on Importance of H.R.M in Business

Submitting to- ms. Roshini james

Submitted by- kaushik mondal

The oxford college of business management