Human Resource Management is the process of recruiting, selecting, inducting employees, providing orientation, imparting training and development, appraising the performance of employees, deciding compensation and providing benefits, motivating employees, maintaining proper relations with employees and their trade unions, ensuring employees safety, welfare and healthy measures in compliance with labor laws of the land.
Human Resource Management involves management functions like planning, organizing, directing and controlling
- It involves procurement, development, maintenance of human resource
- It helps to achieve individual, organizational and social objectives
- It involves team spirit and teamwork.
- It is a continuous process.
Human resource management as a department in an organization handles all aspects of employees and has various functions like human resource planning, Conducting Job analysis, recruitment and conducting job interviews, selection of human resources, Orienting, training, compensating, Providing and incentives, appraising, retaining, Career, Quality of Work Life, Employee Discipline, blackout Sexual Harassments, human resource auditing, maintenance of the industrial relationship, looking after the welfare of employees and safety issues, communicating with all employees at all levels and maintaining awareness of and compliance with local, state and federal labor laws.
The historical rule of thumb for Human Resource staffing requirements is one full-time professional Human Resource person should be hired for every 100 employees. The actual ratio for a business can vary depending upon factors such as the degree of HR centralization, the geographic distribution of the employees served, the sophistication level of the employees, and the relative complexity of the organization.
WHAT IS THE IMPORTANCE OF HUMAN RESOURCES?
Behind the production of every product or service, there is a human mind, effort, and man-hours (working hours). No product or service can be produced without the help of a human being. A human being is fundamental resource for making or construction of anything. Every organization’s desire is to have skilled and competent people to make their organization competent and best.
Among the five Ms of management, i.e., men, money, machines, materials, and methods, HRM deals with the first M, which is men. It is believed that in the five Ms, “men” is not so easy to manage. “every man is different from other” and they are totally different from the other Ms in the sense that men possess the power to manipulate the other Ms. Whereas, the other Ms are either lifeless or abstract and as such, do not have the power to think and decide what is good for them.
Why do we call it Human Resource Management?
Human: refers to the skilled workforce in an organization.
Resource: refers to limited availability or scarce.
Management: refers to how to optimize and make the best use of such limited or a scarce resource so as to meet the organization’s goals and objectives.
HRM’S CHANGING FOCUS
HRM is the organizational function that deals with or provides leadership and advice for dealing with all issues related to the people in an organization. HRM, as such, deals with compensation, hiring, performance management, organization development, safety, wellness, benefits, employee motivation, communication, administration, and training.
HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment. Effective HRM enables employees to contribute effectively and productively to the overall company direction and the accomplishment of the organization’s goals and objectives.
HUMAN RESOURCE MANAGEMENT AND THE STRATEGIC FRAMEWORK
HR staff members are partially responsible for ensuring that the organization has an overall mission, vision, and values that are shared and provide an overarching reason for employees to want to work for their organization. These elements are inspirational and help employees feel as if they are part of something that is bigger than themselves.
Additional activities sponsored by HR management can include employee and community outreach. They are frequent mentors and members of employee teams that address philanthropic giving, employee engagement activities, and events that involve employee families.
Mind Admission offers an MBA in HR Management. The course imparts field-specific knowledge and educates the candidates about various trends in the industry.