Human resource management Policies and Principle Essay

HRM policies and principles contribute to the effectiveness, continuity and stability of the organization.† Human resource is the set of individuals who make up the workforce of an organization. Any successful organization does not owe its success solely to market realities and sustainable competitive advantages. Successful companies are those that consider their human resource as their most important asset.Human resource is thequalitative aspects, that actually make or break an organization. With this aspect in mind Human resource management becomes a top level priority issue for an organization. Human Resources Management (HRM) is the strategic management of the employees, who individually and collectively contribute to the achievement of the strategic objectives of the organization. Assuming that the employees of an organization are individuals with own mental maps and perceptions, own goals and own personalities, own capabilities HRM holds that the organization should be able to employ both individual and group psychology in order to commit employees to the achievement of organizational goals. The main goals / responsibilities of HRM are: †¢ To retain low employee turnover rate by inspiring people to work for the company †¢ To attract new employees †¢ To contribute to employee development In order to achieve these responsibilities each organization after collecting information and incidents from past experience, employees and other companys define their policies and principle. HRM policies are the guidelines which consist of the terms and conditions of the organization which should be communicated to every employ and which serves as a guide in time of decision making.Each organizations makes its own policy depending on its objective and work environment. Policies are not a hard and fast rules, each organization make policies which are somewhat flexible and can be modified with the consent of majority in order to benefit the organization. Following are some of the policies adopted by any organization and its contribution to effectiveness, stability and continuity of the organization: 1.Policy of hiring people with due respect to factors like reservation, age, marital status, sex and the likes 2.Policy on terms and conditions of employment – compensation policy and methods, hours of work, overtime, promotion,transfer, lay-off, retirement and the likes 3.Policy with regard to medical assistance-sickness benefits and ESI and company medical benefits 4.Policy regarding training and development-need for,method of, and frequency of training and development 5.Policy regarding housing, transport,uniform and allowances 6.Policy regarding industrial relations-trade-union recognition, collective bargaining, grievances procedure, participative management, and communication with workers. Hrm principles Principles are universal truths generally applicable to all organizations. Principles guides managers to formulate policies, programmes,procedures and practices. Following are some principles which any organization follow and how they contribute to the effectiveness, continuity and stability of the organization:- 1.Principle of individual deveploments to offer full and equal opportunities to every employee to realize his/her full potential. 2.Principle of scientific selection to select the right person for the right job 3.Principle of free flow of communication to keep all channels of communication open and encourage upward, downward, horizontal,formal and informal communication 4.Principle of participation to associate employee representatives at every level of decision making 5.Principle of fair remuneration to pay fair and equitable wages and salaries commensurating with the jobs 6.Principle of incentives to recognize and reward good performances 7.Principle of dignity of labour to treat every job and every job holder with dignity and respect 8.Principle ofoflabour management co-operation- to promote cordial industrial relations 9.Principle ofof team-spirit to promote co-operation and team-spirit among employees 10.Principle of contribution to national prosperity to provide a higher purpose of work to all employees and to contribute to national prosperity.