Human Resource Management ( Hrm ) - 2412 Words

INTRODUCTION The ability to attract, retain and develop talented employees is a key feature of successful businesses. People are an organization s most valuable asset and this is especially true in low-tech, labour-intensive construction industry. â€Å"People are individuals who bring their own perspectives, values and attributes to organizational life, and, when managed effectively, these human traits can bring considerable benefits to organizations† (Mullins 1999). However, when managed poorly they have the potential to limit organizational growth and threaten the viability of a business. â€Å"There are countless examples of corporate and project crises in the construction sector which have arisen as the result of people s behaviour, and it†¦show more content†¦Despite of recent advances in technology and production management techniques, construction remains one of the most people-reliant industrial sectors. Human resources represent the large majority of costs on most proje cts, and the industry employs an extremely diverse range of people from a wide range of occupational cultures and backgrounds, including people in unskilled, craft, managerial, professional and administrative positions. In recent years there has been a widespread realisation that construction must improve its HRM performance before it can improve its overall efficiency, productivity and cost effectiveness. For example In the UK, â€Å"successive government-initiated reports have recommended action on improving the management of people as the cornerstone of strengthening its business and management practices† (Latham 1994; Egan 1998). LITERTURE â€Å"During the 1980s organizations came to realise that people were a resource that needed proper management at a strategic level, and it was out of this realisation that the term human resource management , or HRM, emerged† (Redman and Wilkinson 2001). HRM is concerned with managing people within the employer-employee relationship. Specifically, it involves the performance of people in achieving the organization s objectives and the satisfaction of personal employee needs. HRM can be a major contributor to the success of the enterprise. HRM has been regarded in various