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Components or Elements of Human Resources Management

Human resource management involves four key components: acquisition, development, motivation, and maintenance. Acquisition involves recruiting and selecting employees with the right skills. Development provides training to improve employees' knowledge, skills, and performance. Motivation inspires high work performance through compensation, rewards, and other incentives. Maintenance aims to retain top performers by providing a safe, friendly work environment and additional benefits. These four components work together to achieve organizational goals by ensuring the organization has skilled employees committed to the company's success.

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81 views1 page

Components or Elements of Human Resources Management

Human resource management involves four key components: acquisition, development, motivation, and maintenance. Acquisition involves recruiting and selecting employees with the right skills. Development provides training to improve employees' knowledge, skills, and performance. Motivation inspires high work performance through compensation, rewards, and other incentives. Maintenance aims to retain top performers by providing a safe, friendly work environment and additional benefits. These four components work together to achieve organizational goals by ensuring the organization has skilled employees committed to the company's success.

Uploaded by

Rub Bing
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Components Or Elements Of Human Resources Management

Human resource management is a process which involves around four basic functions-
acquisition, development, motivation and maintenance of human resources. These basic
elements are the key steps for achieving organizational goals. The basic influencing factor of
these components is organizational goal because such activities are to be performed within the
given constraints in order to accomplish the task. These four elements or factors of HRM can be
described as follows:

1. Acquisition
Acquisition function is concerned with recruitment and selection of manpower requirement for
an organization. It ensures that the company has the right number of people at the right place
and at the right time who are capable to complete required work. It is the starting point of
human resource management function. Acquisition is primarily concerned with planning,
recruitment, selection and socialization of employees. It selects and socializes the
competent employees who have adopted the organization's culture.

Also Read: Importance And Objectives Of HRM

2. Development
Development phase begins after the socialization of newly appointed employees in an
organization. It is concerned with imparting knowledge and skill to perform the task properly.
Moreover, it is an attempt to improve employee performance by imparting knowledge, changing
attitudes and improving skills. It can be done through teaching, coaching, class-room courses,
assignments, professional programs and so on. The ultimate goal of employee
development is of course to enhance the future performance of the organization by the
efficient employees. The development of employees is not only for newly appointed employees,
it is also for existing employees to develop them according to change in internal and external
environment.
Also Read:Difference Between Personnel Management And HRM

3. Motivation
Only training and development do not inspire employees to do better work. For this, they should
be motivated. Here motivation means an activity which induces and inspires people to perform
well in actual work floor. Motivation includes job specification, performance evaluation,
reward and punishment, work performance, compensation management, discipline and so
on. It is important for better work performance because high performance depends on both
ability and motivation.

4.Maintenance
Maintenance is the last components of human resource management. it is concerned with the
process of retaining the employees in the organization. This contributes towards keeping the
employees who can do extremely better for the organization. It creates such a homely and
friendly environment for those high performers, and make them to remain in the same
organization for a longer period of time. This requires that the organization should provide
additional facilities, safe working conditions, friendly work environment, and satisfactory labor
relations. If these activities are performed in right manner, we can expect to have capable and
competent employees in the organization. These employees are committed to the organizational
objectives and are satisfied with their jobs.

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