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NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT3 Marks
Question
Discuss the importance of Human Resource Management.
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Answer

Importance of Human Resource Management:
  • Efficiency of employees increases
  • Profitability of the business increases
  • Business prestige is maintained
  • Higher standards are maintained for the quality of goods or services
  • Feeling of oneness among employees is developed
  • Maximum utilization of factors of production is possible –
  • Reduction in labour turnover rate occurs
  • Job satisfaction among the employees enhances
  • Employees get job satisfaction which finally creates an environment of industrial peace.

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