William R. Tracey: The Importance Of Human Resource Management

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The term human resource management is a product of late 70s and early 80s. After an period of Taylorisation, Fordism, the trend of human resource management was the result of changing perceptions and thinking on the behalf of companies and organisation regarding their work force, to consider man as a man not machine. It was the result of this general realization that behind the production of every product or service there is human mind, effort and man hours. No product or service can be produced without help of human being. Human being is the fundamental resource for making or constructing anything. William R. Tracey, in The Human Resources Glossary defines Human Resources as: "The people that staff and operate an organization," as contrasted with the financial and material resources of an organization.
No company or organisation public or private can achieve efficacy and productivity to its maximum potential until the human resource of that organisation is managed properly, scientifically and strategically. humans are very important assets for the organisation rather than land and buildings. This is where role of human recourse management become so important. It deals with the every aspect of skilled work force in an organisation to maximise utilisation of their efforts to run the organisation, including the process of recruitment, selection of employee, providing proper orientation and induction, providing proper training and the developing skills, assessment of employee

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