Introduction to Human Resource Management

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What is HRM?

Human: The skilled employees in an organization

Resources: Limited availability or scarce or replenishable

Management: Planninng,Organizing and Controlling of such limited resources to achieve the organizational goal.

(What is humanresource, no date).

In other words HRM is a unit of an organization to maximize the performance of the workforce to meet the employer’s objectives (Tutorials point, 2018).

HRM is a tactical and comprehensible method to manage the people or employees of an organization who are considered the most valuable asset of an organization; they will contribute to achieve the organizational goals (Armstrong, 2006).

Human Resource Management is “concerned with the people dimension in management. Since every organization is made up of people, acquiring their services, developing their skills, motivating them to high levels of performance and ensuring that they continue to maintain their commitment to the organization are essential for achieving organizational objectives. This is true regardless of the type of organization government business, Education, Health, regression or social action” (David & Robbins, 1994).

HRM is a process of employing the right person for the job, training them, compensating them, developing HR policies, evaluating performance, reward, grievance, termination and developing strategies to retain them. HR management should have the qualities of knowing the industry well, leadership and effective negotiation skills.

Key functions of HRM

Employing staffs procedure, evaluating performance, creating an effective compensation and benefits system, training and development activities are far more essential to the needs of an organization or business (Becker, et al., 1997).

Recruitment

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To hire people for the job of their organization is the key responsibilities of the HR. They design plan to recruit appropriate people to fill the job vacancies against required roles in an organization (Human Resource Excellence, 2017).
Acquiring the best applicant for a job role will be an added advantage for an organization. Ineffective recruitment will be a disruption for the organization which could reduce the productivity and profitability.

Training and Development

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Providing training to the employees according to the requirement of the organization is also a role of HR. The employees get the opportunity to shape their skills and also develop new skills which will help them to develop their career  in the organization (Human  Resource Excellence, 2017).

Compensation and benefits

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Compensation is a direct influencing factor on employee motivation. Effective compensation system which plays a key role attracting talents and it makes employees to put their maximum effort to achieve the organizational goals and objectives (What is humanresource, no date). (Eg: - Salary, allowances, incentives, bonuses, etc.)

Salary and Wages is not enough to retain staff these days. Also other caring factors should be considered such as health care, retirement plan, housing, vacation, medical leave, social security, education, transportation, overtime and etc. This kind of benefits also should be provided by the employer to make a better life for their employees (What is humanresource, no date).

Evaluating performances

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Performance evaluation is a process to acknowledge the performance of the employee and give suggestion to improve themselves. By communicating the employees individually and getting information time to time regarding their performance for apprising and motivating them to do their job role more efficiently and to take up higher positions (Human  Resource Excellence, 2017).

Managing disputes

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Sometimes disputes on several issues can arise between the employee and employer in that point HR will act as a negotiator and consultant to resolve the issues effectively. They will hear the grievances of the employees and will find suitable solutions to solve the issues (Human  Resource Excellence, 2017).

Termination and retaining

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As same as recruiting termination is also inevitable in an organization. This is important to keep a disciplined environment in an organization. There could be several occasion to terminate an employee such as who is not competent enough to perform well, who violates the procedure and policies of the organization and self-termination. The HRM should do the termination in a certain manner that want. disrupt the name of the organization (What is humanresource, no date)..

HRM should have mechanism to retain the talents in the organization. Mostly it done by good remuneration package and effective benefits. This is important of an organization to keep their talents within in.

"Without good Human Resource Management an organization cannot build a good team of workers who can achieve the organizational goals"

References

Human Resource Excellence, 2017. Importance of Human Resource Management. [Online]
Available at: http://www.humanresourceexcellence.com/importance-of-human-resource-management/
[Accessed 07 08 2018].

Armstrong, M., 2006. A Handbook of Human Resources Management Practices. 10 ed. London: Kogan Page Limited .

Becker, B. E., Huselid, M. A., Pickus, P. S. & Spratt, M. F., 1997. HR as a source of share holder value: reserch and recomendation, Human Resource Management. pp. 39-47.

David, A. D. & Robbins, P. S., 1994. Human Resources Management. New York: John Wiley & Soans Inc.

Tutorials point, 2018. HRM - Introduction. [Online]
Available at: https://www.tutorialspoint.com/human_resource_management/human_resource_management_introduction.htm
[Accessed 07 08 2018].

What is humanresource, no date. Functions of Human resource Management. [Online]
Available at: http://www.whatishumanresource.com/Human-Resource-Management-functions
[Accessed 07 08 2018].

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