| A wide variety of activities are included in human | | | | management policy. Such policies will not only |
| resource management. Key factors among them | | | | encompass necessary rules and regulations but |
| are to decide the staffing that is required for | | | | also various other aspects like the welfare of the |
| smoothly running the enterprise. Entrepreneurs | | | | employees. Very often the code of conduct and |
| can use independent contractors to hire the | | | | benefits provided are supplied to employees in |
| employees or recruit such employees directly on | | | | form of employee's manuals. |
| their own efforts. | | | | It is also expedient understanding the basic |
| Besides recruitment and finding the best talents, | | | | differences between the human resource |
| another aspect of the HRM is appropriate training. | | | | development and its management. Resource |
| Quality training can render even the insipid people | | | | development is basically a profession. Resource |
| skillful and they can turn out to be assets for the | | | | management is often the integral part of such |
| enterprise. At the same time training the best | | | | development process. A range of activities are |
| employees will ensure very high performance | | | | taken up by enterprises to develop personnel in |
| level. | | | | the organization. Such activities include career |
| Entrepreneurs and employers have to deal with | | | | development, training, and organizational |
| the performance issues. Ensuring such personnel | | | | development. |
| and management practices would conform to | | | | Major conceptual changes have taken place in the |
| various regulations. Management of approach to | | | | field of HRM and HRD during the past two three |
| employee's benefits as well compensation paid to | | | | decades. In the past HRM involved management |
| them is a vital aspect of human resource | | | | of paper works for recruitment and engagement |
| management process. | | | | of personnel. Today the respective human |
| While small enterprises have to carry out these | | | | resources departments not only look after |
| tasks on their own, larger enterprises usually have | | | | recruitment but many others. These other |
| full fledged HRM wings to deal with such issues. | | | | aspects include staffing, training as well as helping |
| Thus the options before an entrepreneur are to | | | | personnel management. |
| either obtain full time experts services or do it | | | | Objective of the entire process is to achieve skill |
| themselves recruiting specialists as their | | | | and competence development of the employees |
| employees. | | | | in the organization so as to derive benefit for the |
| An important aspect of H R management is also | | | | enterprise in the highly competitive commercial |
| formulation of effective human resource | | | | world. |