Human resource management Policies and Principle Essay

HRM policies and principles contribute to the effectiveness, continuity and stability of the formation. homophile resource is the set of individuals who make up the workforce of an organization. Any prospered 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 in 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 accusives of the organization. assumptive that the employees of an organization are individuals with take mental maps and perceptions, own goals and own personalities, own capabilities HRM holds that the organization should b e able to employ both individual and theme psychology in order to commit employees to the achievement of organizational goals. The principal(prenominal) goals / responsibilities of HRM are To retain low employee turnover rate by stir people to work for the company To attract new employees To contribute to employee instructionIn order to achieve these responsibilities for each one organization after assembling information and incidents from past experience, employees and other companys define their policies and principle. HRM policies are the considerlines which consist of the toll 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 indemnity depending on its objective and work environment. Policies are not a hard and fast rules, each organization make policies which are any(prenominal)what flexible and can be modified with the consent of majority in order t o benefit the organization. pursuit are some of the policies adopted by any organization and its part to effectiveness, stability and continuity of the organization1.Policy of hiring people with due respect to factors homogeneous reservation, age, marital status, sex and the likes2.Policy on terms and conditions of employment compensation policy and methods, hours of work, overtime, promotion,transfer, lay-off, retirement and the likes3.Policy with regard to medical assistance-sickness benefits and ESI and company medical benefits4.Policy regarding training and development-need for,method of, and relative frequency of training and development5.Policy regarding housing, transport,uniform and allowances 6.Policy regarding industrial transaction-trade-union recognition, collective bargaining, grievances procedure, participative management, and conversation with workers.Hrm principles Principles are linguistic universal truths generally applicable to all organizations. Principle s 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 ample 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 descent 3.Principle of free flow of communication to keep all channels of communication open and encourage upward, downward, horizontal,formal and informal communication4.Principle of participation to associate employee representatives at every level of decision making 5.Principle of fair remuneration to wage fair and equitable wages and salaries commensurating with the jobs 6.Principle of incentives to recognize and reward good performances 7.Principle of self-worth of labour to treat every job and every job pallbearer with dignity and respect 8.P rinciple 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 high purpose of work to all employees and to contribute to national prosperity.