Human resources refers to the knowledge, skills, abilities, and motivation of people. It is the scarcest and most crucial resource for organizations as it improves with experience over time unlike other resources. Human resource management involves employing people, developing their skills, utilizing and maintaining their resources, compensating their services according to job and organizational needs to contribute to the goals of the organization, individuals, and society. It can be defined as procuring, developing, and maintaining competent employees so that an organization can achieve its goals effectively and efficiently. HRM is the art of managing people at work so that they give their best to the organization.

2. ANY GUESS?

4. HUMAN RESOURCES MEANS
KNOWLEDGE
PEOPLE SKILLS
ABILITY
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5. HUMAN RESOURCE
The resource that resides in the knowledge, skills,
ability & motivation of people.
Human resource is the least mobile of the four factors
of production(land, capital, enterprise & labour) and
(under right conditions) it improves with age
and experience, which no other resource can do.
It is therefore regarded as the scarcest and most crucial
productive resource that creates the largest and longest
lasting advantage for an organization.

6. MEANING OF HRM
Human Resource Management means
employing people, developing their
resource utilizing, maintaining &
compensating their services in tune with
the job & organizational requirements
with a view to contribute to the goals of
the organisation,individuals & the society

8. DEFINITION OF HRM
• It is concerned with people at work
• Managing the people at work
• HRM can be defined as a process of procuring,
developing and maintaining competent
resources in the organization so that goals of an
organization are achieved in an effective and
efficient manner.
• HRM is an art of managing people at work in
such a manner that they give best to the
organisation.

14. ANY QUESTIONS ?