Introduction

Human resource management (HRM or simply HR) is the

management of human resources. It is a function in organizations designed to
maximize employee performance in service of an employer's strategic objectives.
HR primarily concerned with the management of people within organizations
designed to maximize employee performance in service of an employer's
strategic objectives.
HR is primarily concerned with the management of people
within organizations, focusing on policies and on systems. HR departments and
units in organizations typically undertake a number of activities, including
employee benefits design, employee recruitment, "training and development",
performance appraisal, and rewarding (e.g., managing pay and benefit systems).
HR also concerns itself with organizational change and
industrial relations, that is, the balancing of organizational practices with
requirements arising from collective bargaining and from governmental laws
. HR is a product of the human relations movement of the early 20th century,
when researchers began documenting ways of creating business value through the
strategic management of the workforce

. The function was initially dominated by transactional

work, such as payroll and benefits administration, but due to globalization,
company consolidation, technological advances, and further research, HR as of
2015 focuses on strategic initiatives like mergers and acquisitions, talent
management, succession planning, industrial and labour relations, and diversity
and inclusion. Recruiting specialists are in charge of finding and hiring top talent.
Human Resources is a business field focused on
maximizing employee productivity. Human Resources professionals manage the
human capital of an organization and focus on implementing policies and
processesThey can be specialists focusing in on recruiting, training, employee
relations or benefits.. Training and development professionals ensure that
employees are trained and have continuous development.
This is done through training programs, performance
evaluations and reward programs. Employee relations deals with concerns of
employees when policies are broken, such as harassment or discrimination
Someone in benefits develops compensation structures, family leave programs,
discounts and other benefits that employees can get.

On the other side of the field are Human Resources

Generalists or Business Partners These human resources professionals could work
in all areas or be labor relations representatives working with unionized
employees. An entire functional group is typically dedicated to the discipline,
with staff specializing in various HR tasks and functional leadership engaging in
strategic decision-making across the business.

Management
Management is concerned with the human beings whose
behaviour is highly unpredictable. Ever since people began forming groups
to achieve as individuals. Managing has been essential to provide the coordination
of individuals efforts. Management does not perform specific jobs.
It motivates other people to perform specific jobs. It indicates a total process of \
executive control in business.
It implies undertaking of responsibility for effective
planning, policy making, fixation of targets and operative functions of providing
men, money and materials to run day-to-day administration

Definitions
Scott, Clothier and Spiegel have defined: Human Resource Management as that branch of management which is
responsible on a staff basis for concentrating on those aspects of operations which
are primarily concerned with the relationship of management to employees and
employees to employees and with the development of the individual and the
group

French Wendell, defines: Human resource management as the recruitment, selection,

development, utilisation, compensation and motivation of human resources by
the organisation .

According to Edwin B. Filippo: Human resource management is the planning, organising,

directing and controlling of the procurement, development, resources to the end
that individual and societal objectives are accomplished.
This definition reveals that human resource (HR) management
is that aspect of management, which deals with the planning, organising, directing
and controlling the personnel functions of the enterprise.

Importance
Human resource management (HRM) has long been overlooked in the
corporate sector in the country where a small section, comprising mostly the
multinational companies were practising the same. Human with the growing
realization of proper HRM in the corporate sector, it has grown into an important
activity. Now the head of HRM is an important member of the senior teams of
any thriving business.
Resource Management is important for banks because
banking is a service industry. Management of people and management of risk are
two key challenges facing banks. How you manage the people and how you
manage the risks determines your success in the banking business. Efficient risk
management may not be possible without efficient and skilled manpower.
Banking has been and will always be a "People Business". Though pricing is
important, there may be other valid reasons why people select and stay with a
particular bank.
Banks must try to distinguish themselves by creating their own niches
or images, especially in transparent situations with a high level of
competitiveness. In coming times, the very survival of the banks would depend
on customer satisfaction.

Those who do not meet the customer expectations will find survival
difficult. Banks must articulate and emphasize the core values to attract and
retain certain customer segments. Values such as "sound, reliable",
"innovative, international", "close", "socially responsible", "Indian", etc. need
to be emphasized through concrete actions on the ground and it would be the
banks human resource that would deliver this.
It is a common complaint among bank executives that skilled
manpower is in short supply:

Loyalty and commitment

Attract and retain talent

Train people for challenging roles

Develop skills and competencies

Promote team spirit

Increase productivity and profits

Improve job satisfaction

Enhance standard of living

Generate employment opportunities

HR resources are becoming scarce both in quality and quantity.

And, it is quite elementary that any resource that is in short supply needs to be
Properly managed for the benefit of society. Human Resource Management
process. What do I mean when I say this? You need to manage the people and
for this you need to discriminate between the people, I mean
positive discrimination.
The entire spectrum of HR practice requires revolutionary changes
if the banks have to survive. Managing the people is the key challenge. And, in
my opinion, discrimination is the key word when dealing with people.

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