Q1. Explain the concept, objectives, and functions of Human Resource Management (HRM). Trace the evolution of HRM from traditional personnel management to the present strategic orientation, highlighting its relevance in today's changing social and business environment.
- HRM is a strategic, comprehensive approach to managing people to achieve organizational goals.
- HRM objectives are societal, organizational, functional, and personal, balancing diverse needs.
- HRM functions include managerial (planning, controlling) and operative (procurement, development, compensation).
- HRM evolved from paternalistic welfare to administrative personnel management to strategic HRM.
Answer: Human Resource Management (HRM) is a strategic and comprehensive approach to managing an organization's most valuable asset: its people. It encompasses policies, practices, and systems designed to attract, develop, motivate, and retain employees to achieve organizational goals. HRM views employees not merely as costs but as critical resources, aligning human capital with business objectives for competitive advantage. **Objectives of HRM:** The objectives of HRM are multi-faceted, integrating hu...