What is Human Resource Management?
Every organization consists of three basic components i.e. Purpose, People and Structure. Human Resource Management (HRM) is the study of activities undertaken by the people working in an organization. HRM is the management of individuals working in an organization. It is particularly related to human/person can say it is the management of people. It is a managerial function that helps organizations to assess its needs and its solution of the organization. HRM tries to how people could be managed in the organization. It is responsible to hire people for the organization, train them to perform their assignments, provide benefits for their work and solve issues if any.
Let us elaborate the terms human, resource and management
- Human (Home — The Social Animal characterized by superior intelligence)
- Resources (Financial, Physical Technical and informational etc…)
- Management (Planning, Organizing, Leading and Controlling functions)
Basic functions of Human Resource Management
Basic functions of HRM is same as the functions of Management performed by the managers i.e. planning, organizing, leading, staffing, and controlling. HRM focused on the staffing and involves in the policies and practices related to people working for the organization.
The department of HR performs the following management functions regardless of the size of organization:
- Staffing (It includes Planning, recruitment and selection)
- Human Resource Development (It includes the training and education required by the employee)
- Compensation and Benefits (Incentives for employees based on the performance or as per policies)
- Health and Safety (Includes the policy matter regarding safety and health of an individual)
- Relation between Employee and Labor
- Records Maintenance
- HR Research
- Interrelationship of HR functions.
comment closed