The compensation management forms the very important subject of the human resources and is actually the policy that is implemented in the general terms in the conjunction with the specialised soft ware that is designed in order to help the organization to maximise the available talent returns. The main goal of the compensation management is to reward the right type of the people to the most possible extent just as a response for the most relevant reasons. The compensation is a very systematic type of the policy that focuses on the approach to provide the monetary and the non monetary value to the workers in reply of the work that has been performed by them. In some of the scenarios the compensation management may be referred to as the money that is received according to the performance of the work and also the many kinds of the benefits that are received by the employees and are given by the organisation. The compensation management is required a lot these days and forms the major part of the process of the recruitment process and the selection process. It plays a very major role to recruit and then retain the qualified employees in order to increase the morale of the employees or at least maintain it to the present level. It helps to know about the basic wage and the salary and also helps to reward the employee for the job performance.

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The process of the selection is defined as the process or the action of carefully choosing some one or any type of the thing after recognising it to be the best or the most suitable. It is the choice of the consumer of a product or the service that a particular type of the company offers to its consumer. Any type of the business with a wide array of the available choices is often considered to have a wide selection. Putting out a good selection of the various types of the products will make it more likely that a customer finds some thing that they want to buy. The process of the selection was a lot easier than is appears to be as obvious, it is to put the best people forward from the selected ones. The process of the selection is actually an act or the instance of selecting or the state of being selected, the choice. It is a thing or the no of the things that have been selected. It is an aggregate of the things that are displayed for the choice, the purchase, and the use etc, a group from which a choice may be made. The selection is the process or the act of the selecting or the state of being selected. It is actually a natural or the artificial process that results or tends to result in the survival and the propagation of some of the individuals or the organisms but not of the others with the result that the inherited traits of the various types of the survivors are perpetuated.

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The human resource planning can be defined as the procedure that can be used in order to identify the current human resources needs and also the needs of the future for a particular type of the organization in order to set a fixed type of the vision and ultimately to achieve the set of the goals that have been set. This type of the planning is very critical and vital in the type of the scenario that has been created in the today’s world as this type of the planning helps in serving as the most important link between the management of the human resource and to the over all strategic planning of an organization. The process of the human resource planning is a kind of the scientific process that helps in planning for the employee development that is designed to make way for the good and the excellent use of the various types of the workers that are available with the various types of the skills in an organization. This type of the planning helps organization in finding out the various types of the loop holes that may be present and then plan with a vision to fill in the gaps by the proper corrective type of the measures or the training that will surely lead to the improvement in the over all business planning process of an organization. This type of the planning helps in the linking of the needs of the human resource of an organization to the strategic planning of an organization as by doing so it is very necessary to ensure that the staffing of the organization is enough to cope up with the development process that is going on in the organization.

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The term recruitment can be defined as the action of the enlisting of the new type of the people in to the work force depending on the various types of the requirements that have been enlisted by the employer. It is actually the increase in the natural population as the progeny grows with the time and hence the new members arrive in to the scene as the place is made for them by the moving of the old ones. This process involves the analyzation of the requirements of a job that results in attracting the employees to that job, carrying on with the screening and the various selection parameters and hence ultimately hiring and then integrating the new employee to the organisation. The recruitment is the process of finding and then hiring of the best qualified candidate from with in or the out side of an organisation for a opening of the job in a timely and also a cost effective manner.

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The Human Resource Development can be defined as the framework that is available to the employees for helping them to develop their personal, organisational skills along with the knowledge and abilities. The human resource management with respect to the training and development as a function concerned with the organisational activity that is aimed to lead to the bettering of the performance of the job of an individual and the various groups as a whole in the various types of the organisational settings .The human resource development is a very important and vital activity that leads to the growth and then helps in the development of the people in the various types of the organisations and hence makes the organisations more and more effective. The crucial skills for all the managers involve the path of the identification of the needs and the designing and then delivering the human resource development interventions. This part of human resource development includes the specialised training and hence helping the employees to move towards the proper type of development. The human resource development is not just limited to the pay roll or the time keeping and the leave tracking. In today’s world every type of business unit needs human resource i.e. the man power for carrying on with the different types of the activities of the business. In other words it can be said that no type of organisation can exist or operate efficiently without the support of the human resource. This type of human resource mainly involves the top level managers, the executives; the supervisors and the various others sub ordinates or the lower level staff. It is very important for the business organisation to estimate its future needs of the man power and finally adjust the planning of the man power and development programmes according to the various situations. This whole procedure is termed as staffing of the management. The human resource management or the development is also referred to as personal management or the man power management. The personal management can be defined as the planning, organising, directing and then finally controlling of the procurement, the development, the compensation, the integration and the maintenance of the people for the purpose of making the contribution towards the various organisational, individual and the social goals. The various streams like the recruitment and the selection, the wage payment and the various types of the relations are covered under the human resource management.

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