Human resource management (HRM), or human capital management, is essential in today’s industries. The principles of HRM are the foundations of any sector, and these must be observed.
For every institution, the human resources department should follow some essential principles.
For example, the selection of employees should be strictly merit-based, there should be no discrimination or favoritism, and every employee should be treated fairly and consistently.
These principles are essential for any business to succeed.
11 principles of human resource management are;
Deal with people as complete individuals.
Consider an employee as a whole person. For example, an employee’s family life may affect his working life.
Make people feel worthwhile and related.
People are the most valuable asset of the organization.
Treat all employees with justice.
There should be no discrimination regarding gender, color, race, and religion. For example, the selection and placement process should be realized based on the equal opportunity principle.
Human resource management is not personal.
The individuality of the human resource must be recognized and cannot be treated like any other resource. After all, people have feelings and emotions.
Rewards should be earned, not to be given.
Rewards may be monetary and nonmonetary (recognition, appreciation). If it is given, it becomes a gift or donation. Students should earn good grades through hard work.
Supply employees with relevant information.
Secrecy may create confusion and misunderstanding. Information should be shared with employees.
Employees’ commitment to the organization is nurtured when the organization informs them of important matters, such as the mission statement, the values it cherishes, and trading prospects.
Do not underestimate the intelligence of people.
People have a lot of positive potential. The objective of the HR manager is to make the best use of human talent. Employees should be empowered to utilize their talents.
But the reality is that many people in developing countries remain undervalued, underestimated, and underutilized.
Treat people with respect and dignity.
People deserve to be treated differently from other factors of production (land, capital, technology) because they are of higher order in the universe.
This will enhance people’s motivation and commitment to the organization.
Provides opportunities for growth within the organization.
According to Herzberg, employee growth is a motivational factor. All employees are expected to enhance their knowledge, skills, and competencies.
Development is believed to be an individual initiative that provides necessary resources and supports the people.
The predominance of group interests over individual interests.
According to Fayol, one of the basic principles of management is the subordination of individual to group interests.
The HR manager must integrate the interests of different stakeholders of an organization. Plato argues that all segments of society should work harmoniously to avoid social conflict.
Sell the HR program.
It must be sold. This follows because employees will learn by themselves or others if management does not teach them.