Blog 10 - HUMAN RESOURCE MANAGEMENT
HUMAN RESOURCE MANAGEMENT
Human
Resource Management is the process of recruiting, selecting, inducting
employees, providing orientation, imparting training and development,
evaluating employee performance, deciding compensation and benefits, motivating
employees, maintaining proper relations with employees and their trade unions,
ensuring employee safety, welfare, and health measures by labor laws of the
land, and finally following the Orders / Judgements of the Court.
WHY DO WE CALL IT HUMAN RESOURCE MANAGEMENT?
Human: refers to the skilled workforce in an
organization.
Resource: refers
to limited availability or scarcity.
Management: refers to how to optimize and make the
best use of such limited or scarce resources to meet the organization’s goals
and objectives.
Therefore, human resource management is
meant for proper utilization of available skilled workforce and also to make
efficient use of existing human resources in the organization.
HRM PROCESS:
Source: Human Resources
Management Process http://www.whatishumanresource.com/human-resource-management
1. Recruitment: Recruitment
is one of the most significant parts of the HRM process. The recruitment
process of a company depends on the human resource management
which issues recruitment notifications through websites, newspapers &
articles. In other words, it is a process of inviting eligible candidates to
join the organization through various modes.
2. Selection: Selection is the second step of the
HRM process in which, an organization selects candidates based on eligibility
criteria which include knowing particular work & having a particular skill,
education, and attitude. All the candidates invited for recruitment may not get
selected since the recruitment process includes various stages where one might
get rejected.
3. Training: Training comes after selection to
boost the knowledge & updating the skill of the selected candidates for the
requirement of the particular job role. Optimizing costs & helping to
maximize the efficiency of selected candidates is one of the prime roles of human resource management.
The Human Resource Management Process helps to identify the training needs, prepare
the training program & implementing it & also prepare the learners.
4. Assessing performance: Assessing the performance of an
employee is conducted by comparing the efficiency of the present employee &
the standard which has already been set previously by the organization itself.
The HRM also gives feedback to the employees so that they can improve
themselves as per the requirement of the organization. Whereas, performance appraisal is the to determine
whether the employees will be promoted or demoted.
5. Motivating: Motive is something that causes a
person to act, in most cases, motivating comes under the clause that when a
person completes the task he will get a reward of fulfillment. The efficient
Human Resource Management Process motivates & encourages employees to reach
their maximum efficiency by giving their cent percent at work.
6. Compensating: Before compensating the employees for
their work, the HRM needs to assess the work carefully so that it doesn’t negatively
impact the financial budget of the organization. The HRM process is the one
segment of the company which assesses the gravity of compensation & manages
compensation effectively, the management must be aware of the labor laws of the
country in compliance with an international labor organization.
7. Maintaining Labour Relations: Maintaining proper & healthy relationships
with the employees is also a task of the HRM. The management develops the
policies related to employee relations and ensures the application of company
policies and procedures. They also take the responsibility for the
employee-employer relationship dispute to resolve.
8. Healthy welfare & safety of
employees: Human
Resource Management Process has to ensure proper safety & healthy
environment to work for the employees under the law. Such as ensuring proper
cleanliness, drinking water, latrines & urinals, spittoons, ventilation
& temperature, disposal of waste & effluents, lighting, first-aid
appliances, washing, canteen, shelter, lunchroom etcetera.
9. Compliance with labor laws: The labor laws such as the mines act or
minimum wages act etc. should comply. The HRM process incorporates not only the
national labor laws but also the international labor laws according to the
industry as well as economic standards.
IMPORTANCE OF HUMAN RESOURCE
MANAGEMENT
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·
To maintain quality of work-life
Quality
of work life is the perception of employees regarding the relationship between
working conditions with management. Simply, it is the relationship between
employees and the total work environment.
Quality of work life is concerned with the employee’s perception of physical as
well as psychological wellbeing at the workplace and it can be obtained by
maintaining work autonomy, work freedom, job recognition, belongingness,
rewards, etc.
·
To increase
productivity and profit
Human
resource management ensures the right quality and quantity of personnel in a workplace,
apart from which, it creates opportunities to facilitate and motivate individuals
and groups of employees to grow and advance their careers. Motivated employees
work hard to meet their personal career goals which directly influences the productivity
of the organization. Minimizing cost and maximizing profit is the essence of
productivity.
·
To produce employees
who are easily adaptable to change
Human resource management performs various functions, among
which the training and development of employees are the vital ones. Training
and development programs keep employees updated with skills necessary to adjust
to alteration of the organization’s environment, structure, and technology.
·
To match the demand and
supply of human resource
Human resource management probes existing human resources at a certain
interval of time to identify if the company has an adequate number of workers
or not. In case when a company has inadequate human resources, human resource
management performs activities like recruitment and selection to balance the
need. In the same way, it lay-off inefficient employees’ case when the company
has excessive employees.
· To retain employees and motivate them to accomplish the company’s goal
Utilizing human resources to
their fullest and maintaining them in the company for the long term is a major
function of human resource management. Under this function, HRM performs tasks like
providing fringe benefits, compensation, and rewards to deserving employees.
These activities do not only help in retaining employees in the company but
also in achieving the organization’s goal effectively.
·
To recognize the merit
and contribution of the employee
Human
resource management performs a timely appraisal of employees’ performance to
recognize excellent and poor workers. The excellent workers are then rewarded in
a return for their contribution.
·
To create a feeling of
belongingness and team spirit in the employee
Human
resource management designs jobs based on teamwork. As teamwork demands
contribution from every team member, HRM focuses on making every employee feel
valued so that employee contributes best from their side.
·
To sustain business in
the market
Human
resource management makes sure that the company has the best employee because
promising employees are capable of taking their company ahead in the race by
delivering excellent results. This guarantees the organization’s success and
stability in the future.
·
To resolve conflicts
In
any company, either big or small, conflicts may arise between any
parties/group. Conflicts are inevitable and they should not be ignored. Human
resource management acts as a consultant to sort out such conflicts timely and
conduct other organizational activities smoothly.
·
To develop corporate
image
Every
company should maintain a good public image to sustain itself in the market.
Any individual would like to work for companies that are known for moral and
social behavior. On the other hand, companies that do not treat their employees
in a good manner can run through employee deficiency and even collapse.
Reference
Businesstopia, (2018) [online] Importance of
Human Resource Management, Available from https://www.businesstopia.net/human-resource/importance-human-resource-management.
[accessed 01April 2022]
As explained in this article, HR managers play a main role in the development of employees and maintaining employee welfare. This article clearly discusses the main duties and responsibilities. HR managers should ensure that their duties are very transparent and fair by all employees. Important article.
ReplyDeleteThanks Dilini
DeleteWhen I came across your blog, I felt compelled to instill in employees a sense of belonging and team spirit. Human resource management creates positions that encourage collaboration. Because cooperation necessitates contributions from all team members, HRM focuses on making each employee feel appreciated so that they may give their all. Best regards
ReplyDeleteThanks Lakshitha
DeleteYou have clearly illustrated what HRM, its process and the importance. Having a well structured HRM policy framework is important for both the employer and employees to reach their goals. Good article !
ReplyDeleteThanks Zaman
DeleteHRM is designed to maximize employee performance in service of an employer's strategic objectives. Having continuous improvement in HRM will help to make productive work place to employees. Good one ☝️
ReplyDeleteThanks Prageeth
DeleteHuman resources theory is a general term for the strategies, tactics and objectives used by the employer and HR managers to administer policies and procedures related to employees. While the specific human resource management objectives will vary depending on their particular needs and composition of the workforce, there are several major objectives of HRM that are generally seen to be important. You have clearly laid out all the HRM processes of a typical company and shown the importance of the HRM.
ReplyDeleteThanks Mafaz
DeleteHRM theory helps to guide organizational workforce to achieve performances without breakout. It has illustrated on employee development through their skills , How to manage workforce on organizational aspects?, and how to manage employee needs through personal development. If HRM topic covered wide area of the management but it has few objectives to perform to gain the successful outcome of the Human resource management. Good Luck!
ReplyDeleteThanks Thamali
DeleteImportant article about human resource management and what are the importance of HRM. In any organization HRM qualities are basically impact to the organizational success as well. in your article its clearly described. good article.
ReplyDeleteThanks Sashitha
DeleteAll of the categories are thoroughly addressed in this article, and the necessity of HRM is clearly demonstrated.
ReplyDeleteThanks Asiri
DeleteAs you have clearly explained, Human Resource Management is intended to maximize the use of available skilled labor as well as existing human resources in the firm. The quality of HRM of an Organization will reflect from its employees and the performance.
ReplyDeleteGood job Venushka..
Thanks Anuradha
DeleteHi Venushka,
ReplyDeleteI have read your letter & tried to find any missed points to address you!. But you never missed any point of HRM role. all areas discussed nicely. " Every company should maintain a good public image to sustain itself in the market" this is the most valuable point to HRM which is not discussed and not functioning in most organizations. Thanks again.
Thanks Wasantha
DeleteThis blog discussed how to manage the very important resource in the world, Human resource.HRM is a strategic approach to effectively and efficiently managing people within a business or organization to gain a competitive advantage. It is designed to maximize employee performance to achieve the employer's strategic goals. Your blog well addressed how to manage the HR efficiently and effectively.
ReplyDeleteThanks Chathura
DeleteYou have nicely described what is HRM and the importance of HRM in this article. Nice piece of writing Venushka. Good Luck!
ReplyDeleteThanks Sachini
DeleteNice blog post - HRM, widely explain & benefits for the organization
ReplyDelete- Quality of work-life of employees & relationship between working environment.
Strategically approach every organization & employ efficient allocation of Human Capital.
As you have clearly explained, Human resource management is a strategic approach to managing people in a company or organization so that they can assist the company to acquire a competitive edge. Its purpose is to maximize staff performance in support of an organization's strategic goals. Well written blog.
ReplyDeleteThanks Nishantha
DeleteA good HR department is critical to an employee-oriented, productive workplace in which employees are energized and engaged. Good blog and all the best
ReplyDeleteThanks Amila
DeleteHuman Resource Management deals with the management functions like planning, organizing, directing, and controlling. A very nice topic that we can go through. good job Venushka.
ReplyDeleteThanks Suranga
DeleteHuman resource management is involve in lots of function related to the people in an organization. It is a continuous process which will starts with identifying human resource need and planning. You have clearly identified the main functions and the importance of the HR management. Very good article. All the best.
ReplyDeleteHRM is designed to maximize employee performance in service of an employer's strategic objectives. Continuous HRM improvement will aid in creating a productive work environment for employees. Excellent.
ReplyDeleteThanks Achala
DeleteOrganizations would be unable to successfully attract and retain employees, assist in improving the organization, or maintain a healthy workplace culture without human resources management.Well written good luck!!
ReplyDeleteThanks Gayan
DeleteHuman resource management and its value are discussed in this article. HRM traits have a direct impact on organizational success in any firm. It is clearly described in your blog.
ReplyDeleteArticle explained the important of the human resource management in to achieve organizational objectives. Well done.
ReplyDeleteHRM is a strategic approach to the effective and efficient management of people in a company or organization so that they can assist the firm acquire a competitive edge. It is intended to maximize staff performance in support of an employer's strategic goals. This article discuss the fundamental of HRM and it is important to get an deep understanding of fundamental of HRM in order to get in to the through understanding on HRM.
ReplyDelete