Problems of Hrm in Mnc

1. INTRODUCTION

Management is a comprehensive and exciting subject. Being essential to run any human undertaking, management is a universal function. In essence management is getting things through done with and through others. It is a process of getting activities completed efficiently and effectively with and through other people. Here others refer employee or stuff. From this point of view, management is nothing but managing people at the workplace. Thus Human resource management and management are same or identical. It is true that management also deals with non-human resources. But the main focus is on managing people in the organization effectively and efficiently. Managing people or human resource is a challenging or difficult task because human resource is not identical; they are different in terms of personality, likings and disliking and emotions, values and perception.

Human resources management is the life blood and the most valuable asset of an organization. Without this valuable resource, other resources (land, capital, technology) are useless. It is an employee who makes other resources productive. The successful management of an organization’s human resource is critical, dynamic and challenging task, especially at a time when the organization has become a global village. The subject matter of Human Resource Management is the people who work in an organization and their relationship with the organization. It is to be note that attracting, selecting, retaining and motivating employees for higher performance are a challenging job for HR manager.

The rapidly transforming business landscape means that there are currently many human resource management challenges which will continue to evolve for years to come. As the business world changes, so does the role of HR professionals. Since human resources is a business-driven function, effectiveness depends on a thorough understanding of the strategic corporate direction, as well as the ability to influence key policies and decisions. In addition, human resource management challenges must be defined and solutions determined in order to succeed.

1.1 IMPORTANCE OF HUMAN RESOURCE MANAGEMENT

Human resources or people have become the most important factor in any organization. Any human organization- a factory, profit or non-profit, a hospital or an association consists of people with various backgrounds who are working together to achieve the goal of the organization. Many organizations believe that their human resources differentiate them from competitor.

Nothing moves unless a piece of paper moves and no paper can move, unless a person moves. Even if there is a total automation, the organization will require a person to on the button. This shows how important the manpower is to any kind of organization” (Smriti, C 2014).