Purpose of Human Resource Management
Edited by Asheesh Kamal
LIS Cafe Website, 2024

The very reason for investing in human resources is to increase the knowledge and skills of people so that the above HRM needs are meet. Below are given some of the other purposes of HRM. HRM is for:

• • The survival and stability of the organisation;
• • The change and diversify of the business;
• • running the activities more effectively;
• • providing highest quality in products and services;
• • playing a leadership role in the field; and
• • combat effectively competition in the market.

 

14 key Functions of Human Resources are

1. Human resource planning 
2. Career planning 
3. Recruitment and selection 
4. Performance management 
5. Learning and development 
6. Rewards and recognition
7. Benefits and compensation 
8. Information sharing 
9. Policy formulation 
10. Health and safety 
11. Personal well-being
12. Employee engagement 
13. Compliance 
14. Administrative responsibilities

 Functions of Human resource management:

Staffing: 

The process of the recruitment and selection of employees through the use of interviews, applications and networking. Staffing involves two main factors. The first is to attract talented recruits who meet the organization's requirements, and doing so by using tools such as mass media; the second is to manage hiring resources. Managers can use hiring resources to exercise different strategies.

Training and Development: 

It involves a continuous process of training and developing competent and adapted employees. Here, motivation is seen as key to keeping employees highly productive. This includes employee benefits, performance appraisals, and rewards. Employee benefits, appraisals, and rewards are all encouragements to bring forward the best employees.

Maintenance: 

involves keeping the employees' commitment and loyalty to the organization. Managing for employee retention involves strategic actions to keep employees motivated and focused so they remain employed and fully productive for the benefit of the organization. Some businesses globalize and form more diverse teams. HR departments have the role of making sure that these teams can function and that people can communicate across cultures and across borders. The discipline may also engage in mobility management, especially for expatriates; and it is frequently involved in the merger and acquisition process. HR is generally viewed as a support function to the business, helping to minimize costs and reduce risk

 

Reference:

1.      IGNOU Study Materials
2.      www.chrmp.com
3.      Wikipedia
4.      "Managing for Employee Retention". SHRM. 2019-02-26. Retrieved 2024-10-12.
5.      Towers, David. "Human Resource Management essays". Archived from the original on 2010-06-20. Retrieved 2024-10-17.