Human resource management is basically the systematic approach to the efficient and effective management of individuals in a business or organization so that they contribute to an employer’s overall strategic goals. It is chiefly designed to maximize employee productivity in support of an employer’s long-term strategic goals. Human resource management thus contributes to overall organizational performance.
HRM aims to promote quality and quantity of employees in the organization. Its efforts are geared towards recruiting, developing, retaining, and compensating individuals in the best possible positions based on their skills, qualifications, and performance. Generally, it does not include the functions of managing personnel records, except in extraordinary circumstances. All the responsibilities of the employer rest with the hr managers.
The HRM primarily involves recruitment, placement, and training of new employees. Individuals hired through recruitment process are referred to as recruiters. Recruitment usually targets skilled workers, especially those having experience in similar professions. These individuals are provided an opportunity for career development through training or education, and then hired within the organization for which they have applied. In some instances, compensation may be tied to performance of the recruiters in order to maintain good relations with their employers and to prevent dissatisfied employees from taking unfair advantage of their position.
The recruitment process itself is a very complex and time-consuming procedure. Therefore, it has been proposed that HRM provide a mechanism by which the organization can efficiently identify qualified and experienced candidates for the job vacancies. This is done through an integrated system of screening, evaluating, and rewarding candidates, which includes interviewing. The recruitment and evaluation procedures include assessing the potential candidates on the basis of various criteria, including knowledge, skills, values, talents, and professionalism. After evaluating the candidates, HRM provides the employers with suitable applicants to meet their requirements.
The HRM also enables employees to manage people skills. Managers in this field can easily instruct and mentor employees through various techniques such as motivation, conflict management, communication, morale, involvement, and diversity. Through effective management, an individual’s productivity is enhanced, allowing the organization to expand and prosper. HRM also promotes work-family balance and encourages employee loyalty and productivity.
The HRM streamlines and coordinates the entire process of hiring and selecting employees through various methods, such as comprehensive pre-employment screening, thorough background and reference checking, offering comprehensive training programs, facilitating employment interview training programs, and developing and maintaining professional HR programs and policies. Furthermore, human resource management departments provide services to employers in connection with payroll administration, benefits planning and administration, employment applications and eligibility determination, employee insurance and benefits, tax and legal issues, recruiting new employees, organizing employee holidays and
breaks, providing induction and orientation programs, and training new hires. HRM also provides assistance to companies in compliance with labor laws, recruitment, hiring, placement, and training. In order to be competitive, organizations need to incorporate all relevant HRM functions. This includes developing comprehensive personnel management plans and strategies, conducting periodic evaluation and periodic reviews, and implementing quality management systems. Furthermore, organizations need to build an integrated system that integrates all functions and activities, and share information across the organization.
An organization’s human resource management system consists of various sections, including the recruitment and selection of employees, the interviewing, training, and developing of employees, and the retention, promotion, and administration of these individuals. The HRM strategy for each section plays a vital role in the overall success of the organization. This includes implementation of strategies for recruiting, hiring, and promoting individuals according to their aptitudes and skills, and the monitoring and evaluation of their performance.
Another important function of the human resource management system is the management of company culture. This involves the implementation of strategies that will enhance employee engagement, motivate workers, create an attractive and favorable company culture, and support key performance measures. All of these efforts will improve the quality of the resources and talent that an organization uses, and will contribute to the growth of that company.