The various approaches of human resource department are as follows:
Â· Strategic Approach – Human resource management is defined by number of approaches. The main asset of an organization is the employees working in organization. The strategic approach of human resource management defined the people who are working in an organization. These employees and people are the combination of talent and skills. The strategic human resources management approach completely revolves around the people, thereby increasing the organization’s value.
Â· Management Approach â€“ Another approach of human resource management is the management approach. As the name suggests general management of an organization comprises human resource management. This approach helps in managing employees in an organization.
Â· Human Resource Approach – The third approach followed by HRM is the human resource approach. The employees working in an organization are the humans with versatile qualities. Therefore, everyone should be given equal importance in an organization.
Â· Commodity Approach – The fourth approach followed by HRM is the commodity approach. The employees are treated as the commodity of the business. In this approach, the employees are taken for granted as they are not treated as humans. They get terminated due to money, or even the recruitment is done with the help of money.
Â· Proactive Approach – The fifth approach is the proactive approach. This approach states that the business officials or the seniors in an organization must think about the issues that might occur and must have the capacity to anticipate them in the business organization. They must be ready to face the market environment. This approach is usually followed by startups so that they can survive in the market.
Â· Reactive Approach – This is the sixth approach followed by HRM. According to this approach, reactive efforts of the organization would lead to losses. This approach occurs when decision-makers respond to problems of the organization.
Â· System Approach – The seventh approach followed by HRM is the system approach so that the people working in an organization may come together to work for a common objective or a common goal of an organization.
Advantages of human resource management
Â· Planning for change – The main advantage of human resource management is that it plans for a change. In today’s era, businesses are changing and so are its strategies. Therefore, human resource management helps the organization to develop in a way so that the change in the business world is easily adaptable by the organization. Planning for change helps the team members of an organization understand their roles and responsibilities.
Â· Solves the conflicts – The other main advantage of human resource management is that it solves various differences. Sometimes in an organization, a conflict may arise between the employee and the business owner. Human resource management helps in solving such problems. No one can avoid a conflict from taking place. However, you can just try to manage them. The human resource management manages all such problems.
Disadvantages of human resource management
Â· Expenses – The main disadvantage of human resource management is that the human resources are costlier, but its results are for a time being. The money invested in the human resource department could also be invested in some other operating activities.
Â· Time – The other disadvantage may include the time that needs to be invested on the training of the employees. This time spent on the training of the employees if that time gets invested in some other activity may also generate some income.
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