Human Resource Management has become an important part in
each and every organization today. Many companies have a HR Department. The HRM
objective is to achieve corporate objectives.
. From recruitment to termination of employment HRM has changed how
organizations monitor and drive their employees to be successful . In the global context world has
become for a challenge how an organization will manage its manpower wisely with
a plan.
Human
resource Planning, being a part of the HRM has helped the modern world
organizations to think about employee motivation, retention and attraction.
With the act of rewarding mechanisms in organizations employees have seen
better days of payment and benefits in return of the labor they provide to
their employer. Employees are given many benefits and organizations expect
their dedication and hard work in return. Most of the organizations use rewards
as a factor of motivation of employees since employees have their own needs to fulfill.
Accordingly HRM acting a major role in
the present business world.
https://www.youtube.com/watch?v=PpDYGSQMTV0&t=102s
( Adopted from youtube)
( Adopted from youtube)
WHAT IS HRM
HRM is the
efficient and effective utilization of human resources to achieve goals of an
organization on a productive manner.
OTHER
DEFINITIONS
“Human
resource management (HRM) is a strategic, integrated and coherent approach to
the employment, development and well-being of the people working in
organizations”.
“HRM is: ‘The management of work and people
towards desired ends”.’
“HRM is
concerned with how organizations manage their workforce”
(Bratton and Gold, 2007)/(Grimshaw and Rubery, 2007)/
‘The generic
purpose of HRM is to generate and retain an appropriate and contented
human/employee force which gives the maximum individual contribution to organizational
success. Appropriate employee force includes employees who possess knowledge,
skills and attitudes that are necessary for achieving goals of the organization.
Contented refers to being satisfied and
happy at organization including personal life.
FUNCTIONS
OF HRM
There is a series of functions to be followed in order to
accomplish the goals and objectives of HRM.
- Performance management
- Training & Development
- Human resource planning
- Recruitment Selection
- Welfare & administration
- Hiring and Induction
- Employee safety & health
- Employee discipline Grievance handling &Labor relations
- Managing careers
STRATEGIC GOALS OF HRM
There are
several strategic goals of HRM in order to achieve the above mentioned generic
purpose of HRM.
- To improve Employee Productivity
- To develop employees
- To increase Quality of Work Life
- To ensure Legal and operational Compliance
OBJECTIVES OF HRM
When
strategic goals are fulfilled, the fulfillment of generic purpose of HRM
occurs. The following objectives have to be accomplished in order to achieve
strategic goals of HRM
- To procure right people at the right time to do the right job.
- To retain the appropriate employees who produce desired performance within the organization
- To get and improve employee commitment
- To motivate employees
- To control the cost of employees
KEY FEATURES OF HRM
The following points highlight the
significance of HRM.
- Human resources are been most important resource that managers utilize to achieve goals and objectives of an organization
- Quality of other functional fields of management heavily depends on quality of HRM in an organization
- HRM is the responsibility of every manager in an organization.
