Analyze the Functions of Human Resource Management
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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Human Resource Management refers to the strategies and operations that impact employees’ conduct, perspectives, and execution at their places of work. Currently, it is important to note that for any organization to attain sustainable growth and development, it must employ efficient Human Resource Management policies because these encourage employee wellbeing, which contributes to the success of the company. Human Resource Management deals directly with the employees of an organization this is because it improves their productive contribution.
It is important to note that the human resource department of an organization grows with principles of commitment and competence. The primary function of Human resource management is the recruitment which is made up of job analysis, sourcing, screening and selection and choosing the best candidate. The second function is employee orientation and employee development. Employees should be motivated by giving them sufficient pay, benefits, and favorable working conditions. The goals of human resource management are to ensure that the organization has the skilled and capable people it desires and to create a positive employment relationship between the management and employees and many others. The aim of this essay is to analyze the various functions of Human Resource Management.
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Analyze the Functions of Human Resource Management A Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Define the term Human Resource Management and discuss its importance in an organization's success
- Discuss how Human Resource Management activities affect the growth and development of an organization
- Demonstrate your understanding and deep knowledge of the various aspects of Human Resource Management
1.0 INTRODUCTION
Human Resource Management refers to the process of managing the people who work for an organization. It involves planning, recruiting, selecting, training, developing, rewarding, and retaining employees. HRM also deals with issues such as employee relations, performance management, health and safety, diversity and inclusion, and ethics. HRM has several functions that aim to achieve the goals of the organization and the needs of the employees. This essay is going to analyze the various functions of Human Resource Management. What are the main functions of human resource management? Some of the main functions of HRM are:
Recruitment and selection: This involves finding and hiring the best candidates for the available positions in the organization. HRM uses various methods and tools to attract, screen, interview, and evaluate potential employees. Recruitment and selection also involve ensuring that the candidates match the organizational culture and values.
Training and development: This is where employees are provided with the necessary skills, knowledge, and competencies to perform their jobs effectively and efficiently. HRM designs and implements various training programs and courses to enhance the employees' abilities and potential. Training and development also involve providing feedback, coaching, and mentoring to the employees.
Performance management: This function involves setting and measuring the goals and objectives of the employees and the organization. HRM uses various techniques and systems to monitor, evaluate and reward the employees' performance. Performance management also involves identifying and addressing the strengths and weaknesses of the employees.
Compensation and benefits: This function involves determining and providing the appropriate pay and rewards for the employees based on their performance, skills, experience, and market conditions. HRM designs and administers various compensation plans and policies to motivate and retain employees. Compensation and benefits also involve providing non-monetary benefits such as health insurance, pension, vacation, etc.
Employee relations: This function involves maintaining a positive and harmonious relationship between the employees and the organization. HRM fosters a culture of trust, respect, cooperation, and communication among employees. Employee relations also involve resolving any conflicts, grievances, or disputes that may arise among or between the employees.
Legal compliance: This function involves ensuring that the organization follows all the relevant laws, regulations, policies, and ethical standards that affect its operations and employees. HRM monitors and updates the organization's compliance with various legal issues such as labor laws, health, and safety laws, anti-discrimination laws, etc. Legal compliance also involves protecting the rights and interests of the organization and the employees.
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