Page 39 - IC90 Human Resource Management

Summary

 All resources are valuable assets. They are not available in plenty in the

environment. They are procured at a cost and for purpose. If not property

used, they go waste and the cost incurred becomes a waste.

 Principles of management provide guidelines to minimise the costs

procurement and to maximise the benefits that they have the capacity

provide.

 The activities of HRM can be broadly classified under four functions:

I Acquisition,

ii Development,

iii Motivation and

iv Maintenance