Human Resource Management
Human Resource Management (HRM) is the practice of
recruiting, hiring, deploying, and managing the staff of an organization. The
human resources department of an organization is generally responsible for
formulating, implementing, and overseeing the policies governing employees and
the organization's relationship with its employees
HRM is employee management, which asserts that employees are
the assets of the business. In this context, employees are sometimes referred
to as human capital. Effective use of staff, risk mitigation and increased
return on investment as in other business assets.
Objectives
of Human Resource Management
Human resource management is the most important activity in
every organization. Without human resource management, companies will not be
able to hire effectively, retain employees, improve, and enhance the
organization and maintain a healthy, acceptable workplace culture and
environment.
1.
Social objectives:
The HRM must comply with the rules
and regulations, or laws or regulations imposed by the community. It is
necessary to develop and maintain healthy relationships between the union and
management. It is the responsibility of human resources to ensure that legal, ethical,
and socio-environmental issues are handled appropriately.
2.
organizational objectives
HRM aims to achieve organizational
goals such as profit, growth, expansion, survival, diversification through HR
activities such as planning, recruitment, selection, hiring, induct, training
and human resource enhancement and arranging for employee performance appraisal.
3.
functional objectives
HR to monitor whether activities are
being done in a timely manner. Create opportunities and facilities for
individual or team development in line with the growth and development of the
organization. Continuing to improve human assets through training and
development programs.
4.
Personal objectives
HR should help employees achieve
their personal goals such as higher pay and salary, job satisfaction, better
working conditions, stable working hours, promotion, incentives, welfare
benefits, prestige, recognition, status, and social security.
Important of Human Resource Management
Human Resource Management (HRM) is a modern approach to
managing people in the workplace, focusing on human resource acquisition,
development, utilization, and maintenance. It cares about all level managers
and provides space for employee involvement, performance, and development.
1.
To maintain quality of work life
Quality of work life is the idea of
the quality of the relationship between employees and the overall work
environment, the impact of work on individuals and organizational performance
and participation and decision making in solving organizational problems. Quality
of work life is related to the employee's perception of physical and
psychological well-being in the workplace.
2.
To increase productivity and profitability
Human resource management creates
opportunities and motivates their employees to improve all aspects of personal
life in the workplace. Motivated and trained employee will try to get their
personal development in the workplace. Due to this it will have a direct impact
on the growth of the company. The result will be an increase in the company’s
production and profit.
3.
Creating employees who are easily adaptable to change
Human Resource Management offers a
variety of motivational and career development programs to enhance employee
skills. Training and development programs upgrade employees with the skills
needed to adapt to the company environment, structure, and technology.
4.
Retain employees and motivate them to achieve the company’s goal
Important function of HRM is all
employees to operate in the workplace and to retain them for a longer period. Under
this function HRM performs tasks such as providing benefits, compensation, and
rewards to deserving employees. These measures not only retain the employees in
the company but also help to achieve the goal of the company effectively.
5.
To recognize the competence and contribution of the employee
To recognize the best and poorest
workers, human resource management evaluates the performance of the employee in
a timely manner. The best workers are rewarded for their contribution
6.
To Creating employee-owned feeling and team spirit
Designs human resource management
work based on teamwork. Teamwork seeks the contribution of each team member, so
HRM focuses on making each employee feel valued so that the employee makes the
best contribution from their side.
7.
To retain business in the market
HRM employs the right people Creating
a strong relationship between them to succeed in business. The employee will do
everything they can to retain traders in the market.
8.
To Resolve conflicts among the employees
Conflicts between employees are
inevitable in any company. HRM has different ideas to avoid those conflicts
within them.
Conclusion
Human resource management is about contributing individually
and collectively to achieve the goals of the business. It is a strategic and
integrated approach to managing human beings as the company’s most valuable
assets. When human resources are used appropriately for the organization, the
organization reaps the maximum benefits in several ways.
Fuard Rasheed
References
Businesstoppia in human resource, 2018. WWW.businesstopia.net.
[Online]
Available at: https://www.businesstopia.net/human-resource/importance-human-resource-management
[Accessed 22 04 2022].
Chai, W.,
n.d. TeckTarget. [Online]
Available at: https://www.techtarget.com/searchhrsoftware/definition/human-resource-management-HRM
[Accessed 19 4 2022].
Chai, W.,
n.d. TeckTarget. [Online]
Available at: https://www.techtarget.com/searchhrsoftware/definition/human-resource-management-HRM
[Accessed 19 4 2022].
Kukreja, S.,
2020. Management study HQ. [Online]
Available at: https://www.managementstudyhq.com/human-resource-management-objectives.html
[Accessed 19 4 2022].
Pribanic,
E., 2019. Tech Funnel. [Online]
Available at: https://www.techfunnel.com/hr-tech/why-human-resources-management-is-important-for-every-organization/
[Accessed 19 04 2022].
The primary objective of HRM is to ensure the availability of competent and willing workforce for an organization. Very good article & all the best .
ReplyDeleteHRM employs the right people Creating a strong relationship between them to succeed in business. The employee will do everything they can to retain traders in the market.
ReplyDeleteAs explained in this article, HR managers play a main role in the development of employees and maintaining employee welfare. This article clearly discusses the main duties and responsibilities. HR managers should ensure that their duties are very transparent and fair by all employees. Important article.
ReplyDeleteYou have clearly explained the objectives and importance of HRM. It is essential for an organization to effectively manage the human capital to achieve the company's overall goals. All the best !
ReplyDeleteWell written article. The concern is what extend companies practice HR. Still many not giving importance for key areas of HR
ReplyDeleteHR department is the bridge that combine the employee and employer .therefore good HR team can creat some good relationship and it may help for healthy end result.
ReplyDeleteCertain HRM tend to feel like police, this article well illustrates on how HRM should be, their objectives and what impact it can have on the business as a whole as they are the key factor in aligning the Human resources to achieve a common organizational goal.
ReplyDeleteYou have clearly stated the main functions and responsibilities of HRM and a lot of valid points were noticed. Good luck!
ReplyDeleteAs explained, The practice of recruiting, hiring, deploying, and managing an organization's workforce is known as human resource management (HRM). HR managers must ensure that their responsibilities are clear and equitable to all employees. Good article
ReplyDeleteHuman Resource Management is a wide area of managing people.You have nicely summarized its functions in a excellent manner. Well done.
ReplyDelete