Personnel management may be defined as that part of the management process, which is primarily concerned with the human constituents of an organization. Benefits administration -Maintain records for medical insurance, unemployment claims, workers compensation -Prepare bi-weekly payroll -Prepare payroll reports and tax deposits -Calculate vacation and sick pay -Explain benefits to workers 9. These are the 8 objectives of human resource management. If a manager is to get the best of his people, he must undertake the basic responsibility of selecting people who will work under him and to develop, motivate and guide them. Various sub-areas of the production department are as follows. The functions of the Personnel Department in this regard are given below: a To lay down a promotion policy. Finance is said to end up being the lifeline of a business.
However, the specific objectives of personnel management may be outlined as follows: i To achieve and maintain high morale among employees in the organisation by securing better human relations. Implement affirmative action program to meet goals and timetables set by board. The latter being more applied and scientific in nature has since then developed along highly specialized lines. Occasionally, some employees must be terminated for breaking rules, failing to perform adequately or job cutbacks. Investment Decision: Evaluating the risk involved, measuring the cost of fund and estimating expected benefits from a project comes under decision. Capital Budget, Principles of Budgeting, Auditing and Accounting.
The Organization is large and sophisticated and its process is more complex. However, for the sake of convenience and developing understanding about the subject, we divide it in three categories mentioned above. Transport Management includes packing, warehousing and transportation by rail, road and air. A department, division, team of consultants, or other practitioner s that provides independent, objective assurance and consulting services designed to add value and improve an organization's operations. The problems and grievances of people at work can be solved more effectively through rationale personnel policies. Training and development : Training and development deals with process of making the employees more efficient and effective by arranging training programmes. Without the personnel administration , it is impossible to achieve the organizational goal and become a a successful organization.
Decisions involving around working capital and short term financing are known as working capital decision. Thus organising involves giving each subordinate a specific task establishing departments, delegating authority to subordinates, establishing channels of authority and communication, coordinating the work of subordinates, and so on. Charles Babbage and Henry Towde is also associated with it. Apart from this certain regulations have to be followed for the. Maintenance Management involves proper care and maintenance of the buildings, plant and machinery. It is very important field of management. Created an equity cult in the Indian capital market.
It deals with the allocation of capital and funds in such a manner that they will yield earnings in future. Personality: Management must pay attention toward personality development of all employees. Costing : Costing deals with recording of costs, their classification, analysis and cost control. Management accounting : It deals with analysis and interpretation of financial record so that management can take certain decisions on investment plans, return to investors and dividend policy Taxation: This area deals with various direct and indirect taxes which organization has to pay. He classifies human capita into three categories-intellectual capitals, social capital and emotional capital.
It also relates to supervision, employee counseling, establishing harmonious relationships with employees, education and training. Finance and accounting management : Financial and accounting management deals with managerial activities related to procurement and utilization of fund for business purpose. Theories of Organization, Principle of Organization, The Organization of Federal and Provincial Governments in Pakistan, Public Corporations in Pakistan. Financial management depends upon various other factors like: accounting, banking, inflation, economy, etc. This limits their flexibility to respond to the needs of employees for some degree of freedom to use their own discretion and judgment at work in ways that can benefit the organization as a whole.
On the other hand, human resource management has a wider scope and considers employees as the asset to the organization. Personnel policies -Issue and update personnel policy manuals for all paid staff -Monitor implementation of policies, report discrepancies to General Manager 2. Therefore the nature of management can be described as follow;MultidisciplinaryDynamic nature of principlesRelative, not absolute principlesManagement: Science or ArtManagement as ProfessionUniversality of Management 1-Management as Disciplinary : 1-Management as Disciplinary Management is basically multidisciplinary. Before they apply for any of these jobs, aspirants can go for spoken English classes and improve their spoken English skills. Thus planning is future oriented concerned with clearly charting out the desired direction of business activities in future.
It is concerned with promoting and stimulating competent workforce to make their fullest contribution to the concern. It is not possible to satisfy the need for personnel in an organization if it does not have an active employee development programme. At the same time, it must be recognized that personnel management is inherent in the process of management. Thus, personnel management is only a part of the management process. Manpower planning means determining the number and kind of personnel required to fill various positions in the organizations.