MEANT for instructors and students of business management, this book describes issues that organisations must deal with to effectively manage their human resources in diverse settings and situations. Organisations need to recruit, select and retain qualified people to perform important tasks and motivate them and train them to maintain and improve their job skills. Organisations have to forecast their human resources needs by accurately predicting how many people with specific job skills will be needed in the near future in the long term. Policies have to be established on how much each employee in a specific job will be paid apart from the family and medical leave and other benefits.
This shows that human resources are different from physical capital and information resources. In comparison to physical assets, such as tools and machinery which decline through use, employees gain knowledge and experience and so their value appreciates.
In view of the above-mentioned benefits, organisations try to cut down inhuman resource, firstly because the employees are not a physical asset like a piece of machinery. Investment in the employee might justify the cost of his training but the latter may leave the organisation on acquiring greater capability.
This book says that four basic functions in human resource management are recruitment and selection, employee training and development, motivation and employee health and safety, which interact with each other, based on the strategic decisions that the organisation makes.
-MG
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