Objectives of Personnel Management
Personnel management has been assigned the task of not only helping the organisation and its employees but the society at large. The objectives of personnel management are as follows:
Enterprise Objectives: The Primary Objective of Personnel Management is to help in achieving organisational goals. There will be a need for co-operation from everyone in the organisation for achieving business goals. This requires that such persons should be employed who are capable of taking up the jobs assigned to them. They should also be given proper training for undertaking the work effectively. This will be ensured be a suitable policy for recruitment, training and placement. The satisfaction of employs should be ensured to get their wholehearted co-operation. This may be done by looking after their convenience at work and offering them financial and other incentives. The enterprise objectives will only be achieved of everybody works for its attainment. Employees should be motivated to contribute their maximum to the organisational goals.
Personnel Objectives: There are many different ways for organizations to approach their personnel management. The first approach is to consider the company’s profile as well as the personal profile of the employee.
It’s a good idea to take an objective approach when the company profiles is to get a good feel for the employee’s personality and characteristics and how well they fit in with the company. This can be useful in the long run when making decisions around compensation, training, and skills development.
The second Approach to Personnel Management is to try and maximize your employee’s potential, and of course there are many ways to do that. Generally, this means that you want to help them maximize their potential in terms of skills and behaviors.
The third approach is to attract, develop, and retain the best talent. Most organizations are dedicated to this approach.
If your organization has very high standards of personal and organizational standards, then you’re going to want to be sure to create a team environment that ensures that your employees have access to the necessary tools and technologies to reach their full potential.
Social Objectives: It can serve the society by creating more employees opportunities, producing quality goods at cheap rates. It can also help society by using productive resources in the best possible minimizing their waste.
Personnel Management (MP) refers to the process of acquiring, assessing, developing and retaining human resources for the purpose of accomplishing organizational objectives and to make them contribute towards the organization’s success. Personnel is one of the most critical resources that an organization has. For an organization to be successful, its people must be properly managed. Manpower is the skill, knowledge and competence of a person to perform specific tasks within the framework of his or her environment. It is the core asset of any business and for a good one, the investment should be made in it.
The world has changed drastically and jobs are the key ingredients for making a human capital (e.g. employees). Our employees need to be equipped with the skills and knowledge to face the changes of the future. The growth of the industry and of the economy requires quick decision making, which in turn requires a well educated workforce. However, the cost of acquiring a well-educated workforce has become quite expensive. With the increased demand of people from a range of industries, the cost of acquiring talent has risen dramatically. This has compelled employers to opt for cost-effective and more effective alternatives.
According to the Global Talent Competitiveness Report 2013, on the basis of sectors, the rate of pay increases for skilled labour (for example, IT professionals) was 8.9%, while for non-skilled labour (for example, retail, sales and service workers) it was -2.8%.
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