OBJECTIVES OF HRM

The objectives of Human Resource Management may be summarised as follows:

·         To improve the service rendered by the enterprise through building better employee morale, which leads to more efficient individual and group performance.

·         To establish in the minds of those associated with the enterprise-employees, shareholders, creditors, customers and the public at large-the fact that the enterprise is rendering the best service of which it is capable and distributing the benefits derived from there fairly and contributing to the success of the enterprise.

·         To create and utilise an able and motivated workforce, to accomplish the basic organizational goals.

·         To recognise and satisfy individual and group needs by providing adequate and equitable wages, incentives, employee benefits, social security, challenging work, prestige, recognition, security, status etc.

·         To employ the skills and knowledge of employees efficiently and effectively i.e. to utilise human resource effectively in the achievement of organizational goals.

·         To strengthen and appreciate the human assets continuously by providing training and development programmes.

·         To maintain high employee morale and sound human relations by sustaining and improving the various condition and facilities.

·         To enhance job satisfaction and self-actualisation of employees by encouraging and assisting every employee to realise his full potential.

·         To provide facilities and conditions of work and creation of favourable atmosphere for maintaining stability of employment.

·         To recognise and satisfy individual needs and group goals by offering appropriate monetary and non-monetary incentives.

·         To develop and maintain a quality of work life (QWL) which makes employment in organization a desirable personal and social situation.

Maximum individual development, desirable working relationship and effective utilisation of human resources are the primary goals of HRM. Management has to create a conducive environment and provide necessary prerequisites for the attainment of the objectives of HRM.