What is Human Resource Management?
Human Resource Management (HRM) is a formal systems created to assist in the management of employees and other stakeholders within a company.
HRM is responsible for three main functions: employee recruitment and compensation, and job designation. The role of HRM is to find the best way to increase the productivity of your organization through your employees.
Human resource management is also a strategic and comprehensive approach to managing people and the workplace culture and environment. It enables employees to contribute effectively to achieve organisation’s goals.
Principles
1. Commitment
One aspect that the human resources development department is trying to address is employment security. To ensure work safety, many employees know that they need to show their commitment to the company and their duties. HR management takes steps to ensure that the level of staff responds to the needs of the company and in the process ensures https://editorial.utmachala.edu.ec/editorial/convocatorias/ employees have a long-term position within the organization. The company demonstrates its long-term commitment to workers by providing regular training, performance assessments, and goal-setting activities.
2. Ability
Competencies are one of the core principles that support a company’s growth and development. It is also an aspect that affects employee job satisfaction and how the company benefits society. The success of a company depends on the capabilities of its employees. The HRM department seeks to maintain the capacity of the workforce by providing training opportunities. We also schedule an orientation program that provides a means of educating new employees about the company’s mission and objectives.
Functions of Human Resource Management
1. Job design and job analysis
Job design involves a process that describes the job’s obligations, responsibilities, and operations. In order to hire the right employees based on rationality and research, it is essential to identify the ideal candidate characteristics for the job. This can be achieved by explaining the skills and personality traits of talented employees.
2. Employee recruitment and selection
Recruitment is one of the key functions of human resource management. HRM aims to acquire and retain qualified and efficient employees to achieve the company’s goals and objectives. It all starts with hiring the right employees from a list of applicants and lucrative candidates.
HRM helps you procure and identify ideal candidates for interviews and selection. Candidates are then subjected to a comprehensive screening process to exclude the most appropriate candidates from the pool of applicants. Selected candidates then go through various interview rounds to test and analyse the skills, knowledge, and work experience required for their job.
3. Employee training and development
HRM plays a very important role in preparing employees for greater tasks and responsibilities, which leads to the overall growth of https://cheyennevillage.org/ employees in the workplace. And an organization that provides employees with ample growth and development opportunities is considered a healthy organization.
4. Rewards and benefits
Benefits and rewards form a key core of an organization’s total cost expenditure. At the same time, you need to cover the expenses, you also have to pay the employees. Therefore, the role of human resources management is to develop attractive yet efficient benefits and compensation packages to attract more employees to the workplace without disturbing the company’s finances.
5. Employee performance management The next activity on the Personnel Features List is effective employee performance management. Effective performance management ensures that employee outcomes meet the goals and objectives of the organization. Performance management isn’t just about employee performance. It also focuses on the performance of teams, departments, and the entire organization.