Resource Management - Human Resource, Material

resource and Financial Resource Management

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Kirthika

Resource management is acquiring, allocating and managing the

resources, such as
individuals and their skills, finances, technology,
materials, machinery and natural
resources required for a project.
Resource management ensures that internal and
external resources are used
effectively on time and to budget.

When it comes to education,

resource management involves making
a strategic plan for
organizing and using school resources.

Resource Management plays an

important and critical role to manage a school. There
are three basic resources
which are needed to manage a school. They are –

HUMAN RESOURCES

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 MATERIAL RESOURCES
FINANCIAL RESOURCES

Human Resources:

Human  resource 
management  can  be 
defined  as  a 
process  and  effort 
to  develop,
motivate, and
evaluate the overall human resources needed by the organization in
achieving
its objectives.

Its
ultimate aim is to help the organization to achieve success. Therefore it
prepares
people for this aim.

It is also called as Personnel management. The Resources

includes - Teachers, Mentors,
Managers, and other school staff.

Human resource management system in school

The broad purpose of the human

resource management function in any educational
organization is to attract, develop, retain, and motivate
personnel in order to achieve the
school's mission. It defines the
school's 'people objectives'.

The human
resource management system in school helps schools to manage and train
the
teachers and other non-teaching staff to perform their duties well. It also
helps in
managing their other aspects of work like leave, salary, proxy, etc.

Functions of Human Resources

Management in Education

Human
resource management in education is a set of practices and methods of
integrating and maintaining the teaching staff in the school so that the school
can achieve
their purpose and as well as meet the goals for which they were
established.

The
functions include the following:

i.                  
Staff
maintenance - include; promotion
and transfer, motivation, staff safety,
security and health services, prompt
payment of salary, and ensuring a safe and healthy
working environment

ii.                
Staff
relations - There must be a good
communication network in the school
to enable workers to be constantly informed
of the progress being made in the school.
Staffs should be recognized as human
beings with feelings, interest, needs and emotions
and treating them as such
with fairness and respect.

iii.             
Staff
development - The success of
educational organization hinges on the
strength and quality of the staff
members. This can be done through in-service training,
conference, workshop and
seminars.

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iv.             
Recruitment
of staff- Recruitment of staff in
education deals with obtaining
people with appropriate and necessary skills,
abilities, knowledge and experience to fill
the vacant teaching posts in
schools.

v.                
Job
performance reward - Staff
performance would increase substantially if
they are adequately compensated
according to the quality and quantity of work done.
This involves the design
and administration of rewards for jobs performed.

vi.             
Others including teacher proxy management, leave
management,
performance reports, task management, and many other similar things
that make it easier
for the school and its employees to manage their
information.

Benefit
of implementing an effective human resource management system:

Recruitment and Hiring: It is important to

recruit and select the best educators and
staff for the school. Only when a teacher
teaches well can a student learn well.
Hence, a human resource management
system is not only helpful to the school
administration and the teachers
or staff but also the students.
Training and Development: Training
can help teachers become more efficient in
their roles as educators,
leading to increased student engagement and
performance.
Conflict Management: Conflict
resolution training can help teachers deal with
conflicts with or between
students and mitigate conflicts in schools.
Compensation: HR determines salaries based on
roles, job descriptions, level of
work, and performance. And for all the teaching
and non-teaching staff, the HRMS
helps them stay updated with their
regular salary status.
Retention: HR is concerned about motivating
teachers and staff to higher levels of
performance, commitment, and longer
tenure.

·        
The HR
management system helps school administration to keep a track of
employee data and
tasks regarding the school.

·        
It also
allows them to store every important information of the employee of the
school
for future reference.

Material Resources:

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Watch Video At: https://youtu.be/sIJZiwn9TWY

Material resource management

is concerned with the integrated approach to planning,
organising,
controlling of the flow of materials as per the demands, purchase through
internal operations to the service point through distribution to the consumers.

Material resource management in

schools is a planning tool for modernization of the
existing facilities;
developing the helpful measures for continuous maintenance,
reconstruction and
rejuvenation.

Material resources include any

items the school currently owns. These include school
furniture, equipment, technology, curriculum materials, black
boards, chalks , benches ,
desks, textbooks,
and any other materials within the school.

Basic principles of material resource

management:

The
basic principles of material resource management are effective management and
supervision. These are dependent on managerial functions of planning,
organizing,
staffing, directing, controlling, reporting and budgeting.

In
addition there is a need for adopting sound methods of purchasing the resources,
making skillful and hard poised negotiations so as to get the cheap and best
commodities. For this one needs to establish an effective purchase system.

Basic purposes of material resource

management in educational institutions are:-

•
To have adequate materials on hand when needed

•
To pay the lowest possible prices, consistent with quality and value
requirement for
purchased materials

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•
To minimize the inventory investment

•
To operate efficiently

Various functions of material

resource management are:

•
Planning and forecasting of the requirement of material resources.

•
Procurement of material resources.

•
Storage of material resources.

•
Maintenance and repair of equipment and other assets.

The reasons to have material resource

management in educational institutions:

•
An educational institution can expect innumerable benefits from effective
planning of
material resource management.

•
Management of material resources aims at reducing the cost of production so as
to help
an educational institution increase its profits and outputs.  

•
Material resource management provides creative ways to take up the unintended
impacts of the core services and put them out of sight.

•
This integration is also helpful in faster and effective functioning that
involves a large
amount of data to be used for planning.

•
Integrating various functions in which material resources are used involves
greater
coordination at all levels of management for the sake of better
performance.

Financial Resource management:

Concept of Financial Resource

Management: In educational institutions,
financial
management refers to that management activity that is concerned with
decisions on how
to procure funds, of an organization's financial resources,
disburse and give account of
funds provided for the implementation of
educational programmes.

The importance of financial Resource management

It provides guidance in financial planning.

It assists in acquiring funds from different
sources.
It helps in investing an appropriate amount of
funds.
It increases organisational efficiency.
It reduces delay production.
It cut down financial costs.
It reduces cost of fund.
It ensures proper use of fund.
It helps business firm to take financial decisions.

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 It prepares guideline for earning maximum
profits with minimum cost.
It increases shareholders’ wealth.
It can control the financial aspects of the
business.
It provides information through financial
reporting.
It makes the employees aware of saving funds.

Activities in financial management for education institutions:

Financial management in school essentially means

planning, organizing, directing and
controlling the financial activities in
schools so that the financial resources are used in an
efficient and effective
manner.

Financial management includes
overseeing the funding for:

Budgeting
Administration
Generating
income
Implementing
educational programs/projects/activities
Procurement
Controlling
financial resources
Employee salaries
Maintenance of the building
and grounds
Student after-school and
lunch programs, field trips, & special events
Classroom supplies, including
textbooks & technology
Managing
cash and debts
Preparing
financial reports,
Auditing

Conclusion

Resource management
is a system of management and utilization of all educational
resources to carry
out systematic cooperation and processes so that  effective education
implementation can be achieved
to realize the national education goals that have been
aspired.

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