Human Resource Management (HRM) is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization. As you can imagine, all of the processes and programs that are touched by people are part of the HR kingdom.
According to Armstrong (1997), Human Resource Management can be defined as “a strategic approach to acquiring, developing, managing, motivating and gaining the commitment of the organization’s key resource – the people who work in and for it.”
Human Resource Management: Meaning, Objectives, Scope and Functions!
The HRM department members provide the knowledge, necessary tools, training, administrative services, coaching, legal and management advice, and talent management oversight that the rest of the organization needs for successful operation.
Human resources are the people who work for the organization; human resource management is really employee management with an emphasis on those employees as assets of the business. In this context, employees are sometimes referred to as human capital. As with other business assets, the goal is to make effective use of employees, reducing risk and maximizing return on investment. Check also: Top HR Software
Functions of Human Resource Management
Human Resource Management functions can be classified in following three categories.
- Managerial Functions,
- Operative Functions, and
- Advisory Functions
Human Resource Management Objectives:
The primary objective of HRM is to ensure the availability of right people for right jobs so as the organizational goals are achieved effectively.
Human Resource Management Important:
A good HR department is critical to an employee-oriented, productive workplace in which employees are energized and engaged. Here are the reasons why.
- HR monitors the culture.
- HR owns the overall talent management processes.
- HR is responsible for the over all recruiting of a superior workforce.
- HR recommends market-based salaries and develops an overall strategic compensation plan.
- HR researches, recommends and implements employee benefits programs that attract and retain your best employees.
- HR is responsible for recommending and instituting strategies for people and the organization that further the attainment of the organization’s strategic goals.
- HR makes sure that workplace activities, events, celebrations, ceremonies, field trips, and team building opportunities are occurring.
- HR advocates for employees who have issues or conflict with management and coaches managers and executives who seek a more effective approach to working with particular employees.