Being able to manage an organization's workforce is the keystone of human resource management (HRM).From recruiting, deploying, and managing the employees, to creating policies for workers. All of it falls under the HR department. The HRM also oversees the relationship shared between the company and its employees. Make sure to create a comfortable, trustworthy, and effective relationship between both parties.
HRM is a multidisciplinary subject. In an organization, the HR department manages all matters relating to the workers. That can include job interviews, hiring, job analysis, recruitment, career orientations, training, planning, providing advantages and incentives, employee discipline, retaining and quality of work life. It even monitors safety issues and the welfare of the employees. Currently, workers are seen as human capital. They are a business's most important resource. A modern terminology is being used for HRM, that is, HCM (Human Capital Management).
THE ROLE OF HR MANAGEMENT:
- It enlists new professionals with the necessary skills for the further development of the company.
- It effectively reinforces the vision of the organization along with the cultural values.
- It monitors the training and development of present employees to fulfill the objectives of the company.
- It revises job policies accordingly, so that employees don’t feel burned out.
- It keeps up a keen analysis of the market to make sure the organization stays competitive.
HOW DOES THE HRM FUNCTION?
The functioning of this vast department is due to the effective co-ordination of various professionals and their utmost dedication towards their respective duties. A few positions in the HRM department are listed below.
- HR assistant
- HR business partner
- HR manager
- Recruiting coordinator
OBJECTIVES OF HRM:
Four broad categories can be used to group a human resource management department's goals:
1- Societal Objectives:
They follow principles that ensure they meet the social and ethical needs of employees. To provide equal opportunities, an equal work load, and an equal pay rate.
2- Organizational Objectives:
To keep in check the efficiency of the business. It requires monitoring training, hiring necessary staff, assigning tasks, and retaining employees for the long run.
3- Personal Objective:
Utilization of resources that can meet the personal goals of individual employees. For instance, maintaining employee satisfaction, providing career development opportunities and further education
4- Functional Objective:
To balance the functioning of the HR department. To ensure the utilization of resources fully and effectively. To have a smoothly running HRM system.
PRINCIPLES OF HUMAN RESOURCE MANAGEMENT:
The department of Human Resource management in every company is considered to be strategy-focused. It operates on two main principles, which are commitment and competence.
Commitment: the company's policies are set to demonstrate the firm’s long-term commitment to its employees. However, it also sets a requirement of the employee’s 100% commitment to the job and the company. The HR manager communicates to the employees clearly that their job security depends upon their commitment to the company.
Competence: training programs and orientations help improve employees' knowledge and polish their skills. It sustains the competency of the workers. A successful business has competent employees. A company’s success is influenced by how much it benefits society and how satisfied its employees are.
HRM PLAYING A CRUCIAL ROLE IN TRANSITIONAL TIMES:
Businesses and their working methods have evolved in recent years. The transition to remote (online) work has drastically affected both companies. Since it directly affects the working environment of their staff. To keep the company running effectively without losing the work force. HR managers have a very crucial role.
Collaboration between employees and higher authorities is essential. HR managers bear the responsibility of ensuring that all the employees receive complete information about their work and the company’s expectations of them. It is also about how they are supposed to meet those expectations. Similarly, the higher authorities should be aware of their part of the job. In order to keep the team members informed, HR managers need to create effective communication channels.
Virtual team building
Getting in practice with the remote work set up challenges the teamwork abilities of the employees. The HR manager should arrange certain activities to rebuild team spirit in the workers.
In times of rapid change, employees should not feel alienated by working from home. The HR manager can provide an outlet for the employees where they can discuss different challenges they face and even seek emotional support. Having an understanding of every team member’s situation motivates the workers to perform better.