Question

Relational Human Resource Management recognises employees as different from the other factors of production

Select one: True False

Answer 1

Answer to this question is True.

In an organisation there is a separate management team in order to manage and well taken care of the individuals by using various policies and practices that influences the employees. Such team can be called as Human Resource Management (HRM).

In the recent decade, the management of organisations has discovered that human resources is something which is having the greatest importance in acheiving sustainable competitive avantage and efficiency. I the growing world, where it is important to have a good knowledge and also having a good communication is with the the customers, which shows the magnitude of;

• Knowledge
• Technical skill set
• creativity among them
• Experience of the organisation

gains greater importance and thus the Labour force is considered as productive asset and not costly asset.

Researching, assessing and controlling human resources is considered to be the most difficult among other types of resources where human resources is cpnsidere to be the most complicated resources in knowledge based economy. Most often the managers in the organisation are sometimes more curious about using technology and using physical and financial resources. Organisations now a days must concentrate in the factors like human and intellectual capital inorder to gain competative advantage. It is also clearly mensioned in the book titled "The War for Talent" published in 1990 by McKinsey stated that the managers in tp positions increase their emphasis according to the needs of their organisation to effectively attract, develop and preserve talents.