ISSN: 2265-6294

A STUDY ON FORMULATION AND EXECUTION OF HR POLICIES TO ENSURE CONSISTENCY, FAIRNESS, AND COMPLIANCE ACROSS ALL ASPECTS OF EMPLOYEE MANAGEMENT

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Ch.Prathima,Balla Srikanth,G. Chakradhar,Preethi Teegala

Abstract

Human Resource is a very important input in the production matrix.. Other seven inputs include materials, money, time, energy, knowledge, information and infrastructure. These inputs are transformed by the process to get the output with feedback and control. It is also an input of the Leontief’s model. In this model, there are three elements, namely; inputs, transform and output,all of which need human resource to galvanize them to be productive. Management involves the design and provision of an environment within groups and organizations so that the individuals and the groups and organizations can achieve their objectives by utilizing both human and material resources. Human resource management is one of the functional areas of management.

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