Professional and Social Significances of Human Resources Management:
(i) Professional Significance:
(1) Human Resource Management helps in maximising the working potential of the employees by providing a healthy working environment and opportunities for growth.
(2) It enhances better understanding among the people working together which leads to effective team work.
(3) It boosts the confidence of the people by placing them at the right place at the right time according to their qualification and work experience.
(4) HRM also inculcates a feeling of belonging for the organisation.
(ii) Social Significance:
(1) Human Resource Management helps the society by utilising and channelising the manpower in the productive channels.
(2) It provides maximum opportunities to enhance the dignity of labour by placing the right person at the right job.
(3) HRM also raises the standard of living of the people by increasing the employment opportunities.