Entrepreneurial Concept of HR and Its Need

The concept of human resource states, ‘a HR manager should be competent enough to turn every employee of the organization into a key resource’. Nevertheless, it is less discussed but industrial qualities of these mangers deal with changing the workforce into resource instead of making it an asset.

Objectives –

To maximize the growth of the venture and use the human capital in the best possible way, some objects are decided for HR entrepreneurs. Resource manager must be fair and legal which making efforts to attain them. The major functions of resource managing deals with recruitment Strategy Planning, hiring process, selection, training and development, performance evaluation of present workforce, a check on redundancy, maintenance of entrepreneurial relationship etc. To turn the human resource into a key force, following strategies can be applied, as these are supposed to be most capitalist approach. The new strategy deals with motivation, guidance, monitoring, training, assessment of work done and encouragement. These all help employees in enhancement of their productivity.

An entrepreneurial behavior of a resource manager is very important for organizations, as HR entrepreneurs not work for the business infact they work into the business.

Entrepreneurial Features of HRM

Human Resource Management (HRM) entirely deals with management of employees, capital and maintaining the work culture in the organization. In all of these functions, the main objective is to checkout whether the hired employee is suitable for the need of the organization or not and a constant check on present work force to maintain the continuity of high performance. Nonetheless, it is taken as an interlinking between employee and employer but a human resource manager has to be more inclined towards the organization to ensure the overall growth. To accomplish these tasks impeccably, entrepreneurial qualities are must in a resource manager.