'Human resource management Policies and Principle Essay\r'

'HRM policies and principles contribute to the effectiveness, perseverance and stability of the musical arrangement.” serviceman resource is the set of individuals who make up the manpower of an cheek. Any successful organization does not owe its success solely to market realities and sustainable matched advantages. Successful companies are those that consider their human resource as their most important asset. serviceman resource is thequalitative aspects, that in truth make or break an organization. With this aspect in mind Human resource management becomes a top level priority issue for an organization.\r\nHuman Resources Management (HRM) is the st accountgic management of the workees, who individually and jointly contribute to the achievement of the strategic objectives of the organization. Assuming that the employees of an organization are individuals with bear mental maps and perceptions, own goals and own personalities, own capabilities HRM holds that the organ ization should be able to employ both individual and group psychology in order to commit employees to the achievement of organizational goals. The briny goals / responsibilities of HRM are:\r\n• To retain low employee turnover rate by inspiring people to work for the society • To attract new employees • To contribute to employee development\r\nIn order to achieve these responsibilities each organization subsequently collecting information and incidents from past experience, employees and other companys countersink their policies and principle. HRM policies are the leanlines 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 both(prenominal)what flexible and give the sack be modifie d with the consent of majority in order to benefit the organization. Following are about of the policies adopted by any organization and its piece to effectiveness, stability and continuity of the organization:\r\n1.Policy of hiring people with delinquent respect to factors like reservation, age, marital status, sex and the likes\r\n2.Policy on terms and conditions of employment †compensation policy and methods, hours of work, overtime, promotion,transfer, lay-off, solitude and the likes\r\n3.Policy with regard to medical assistance-sickness benefits and ESI and company medical benefits\r\n4.Policy regarding facts of life and development-need for,method of, and frequency of training and development\r\n5.Policy regarding housing, transport,uniform and allowances 6.Policy regarding industrial relations-trade-union recognition, joint bargaining, grievances procedure, participative management, and communication with workers.\r\nHrm principles Principles are universal truths g enerally relevant 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 ample and equal opportunities to every employee to realize his/her full potential. 2.Principle of scientific selection to select the ripe(p) person for the right business organization 3.Principle of free flow of communication to hold up all channels of communication open and move on upward, downward, horizontal,formal and informal communication\r\n4.Principle of participation to associate employee representatives at every level of decision making 5.Principle of sightly remuneration to pay fair and equitable honorarium and salaries commensurating with the jobs 6.Principle of incentives to recognize and reward good performances 7.Principle of dignity of tire out to treat every job and every job holder with dignity and respect 8.Principle ofoflabour management co-operation- to make headway cordial industrial relations 9.Principle ofof team-spirit to promote co-operation and team-spirit among employees 10.Principle of contribution to subject field prosperity to provide a higher(prenominal) purpose of work to all employees and to contribute to national prosperity.\r\n'