Human Resource Management

Introduction to Human
Resource Management (HRM)

 

What is Human Resource Management?

In any type of organization, human resource is the priority asset. Therefore, human resource management (HRM) take most valuable part in each company. HRM means process of recruiting, selecting, inducting, training & development, assessing employee performance, rewarding & encouraging. Basically, maintaining thorough employee employer relationship to ensure job safety, welfare and job retention.

Human Resource Management Definitions

According to various authors there are many HRM definitions. Below are few of them.

Edwin Flippo - “planning, organizing, directing, controlling of procurement, development, compensation, integration, maintenance and separation of human resources to the end that indivi dual, organizational and social objectives are achieved”

Pigors and Myers – “It is basically a method of developing potentialities of employees so that they feel maximum satisfaction of their work and give their best efforts to the organization”.

Byars and Rue – “Human resource management encompasses those activities designed to provide for and coordinate the human resources of an organization Human resource functions refer to those tasks and duties performed in organizations to provide for and coordinate human resources”.

Ivancevich and Glueck – “Human resource management is the function performed in organizations’ that facilitate the most effective use of people (employees) to achieve organizational and individual goals”.

10 Reasons HRM is important to an Organization

 

·  Strategic management – Based on the evaluation of employee performance    management can take best decision by optimizing cadre for future business opportunities.

· Wages & salaries – HRM specialist maintain salary structures with other business competitors and it will ensure wages and salary cost within company financial structure.

· Analyzing benefits – by maintaining strength employee relationship can reduce employee turnover & recruiting cost.

· Safety & Risk management – Company engage to ensure employee safety and health while working environment. This will maintain high brand value to company.

· Minimizing liability issues – HR employee good relationship reduce company expose to violations complains against unfair employment practices.

· Training & Development – Proving training & development brings attraction towards their jobs leads to effectiveness or high performance.

·  Employee satisfaction – Employee welfare rewarding leads employee satisfaction as well as employee retention.

·  Recruitment & onboarding – Systematic and see-through recruitment process is the key part of HRM of an organization.

· Hiring process – good hiring decision will lead company success with suitable candidates for correct positions.

· Maintaining compliance – HR workers need to ensure all employment related activities are obeyed with employee relationship law of country

            

References

·       Whatishumanresource.com, viewed 31 May 2020, <http://www.whatishumanresource.com/human-resource-management>

·       Economics Discussion-Definition of Human Resource Management, viewed 31 May 2020, < https://www.economicsdiscussion.net/human-resource-management/definition-of-human-resource-management/31830 >

·       Mayhew, R 2019, Small Business - Chron.com- 10 Reasons HR Is Important to an Organization, viewed 31 May 2020, < https://smallbusiness.chron.com/10-reasons-hr-important-organization-22424.html>

·       GISMA Business School - The importance of Human Resource Management, viewed 31 May 2020, < https://www.gisma.com/blog/the-importance-of-human-resource-management#:~:text=HRM%20can%20be%20defined%20as,an%20edge%20over%20their%20competition.>