Human Resource Management: Key Concepts, Core Principles, and the Critical Needs for Effective Organizational Performance

Human Resource Management is a process, which consists of four main activities, namely, acquisition, development, motivation, as well as maintenance of human resources. According to Edwin B. Flippo, - Human resource management is the planning, organizing, directing and controlling of the procurement, development, resources to the end that individual and societal objectives are accomplished. This definition reveals that human resource (HR) management is that aspect of management, which deals with the planning, organizing, directing and controlling the personnel functions of the enterprise. Human Resource Management is responsible for maintaining good human relations in the organization. It is also concerned with development of individuals and achieving integration of goals of the organization and those of the individuals so here, we give our focus on every issue of human resource management. The first and foremost work by the HR is to develop sound organizational structure with strong interpersonal skill to employees, and also to train employees by introducing them the concept of globalize human resource management to perform better in the global organizational context. All the issues and challenges like, work force diversity, leadership development, change management, organizational effectiveness, globalization, E-Commerce, succession planning and compensation etc. can be best management by HR manager when they will work with HR practices, such as rigid recruitment and selection policy, division of jobs, empowerment, encouraging diversity in the workplace, training and development of the workforce, fostering innovation, proper assignment of duties and responsibilities, managing knowledge and other functions, as are shown. Nutshell when HR works enthusiastically by keeping all the practices in minds, competitive advantages can thus be accomplished, the value of human resources can be improved, organization efficiency can be enhanced, and the organization will sustain to survive.