Human Resource Management (HRM) is a systematic approach that works to fill the gap between an organization and its employees. Functions of HRM have been developed by the Minister of Human Resource Development to simplify the task of managing the human capital of the organization. These works are broadly classified into two categories:
Human resource management(HRM) is required at all levels of an organization. Top management is responsible for strategizing and directing the successful application of such schemes. In this process, they perform the following functions:
Planning is the first and basic function of management and everything depends on the plan; before thinking of anything else, management needs to be aware of the vacancies or workforce needs of the organization. After that, they are very much required to formulate a strategy to meet future requirements.
The purpose of human resources is to bring together the available human resources and physical resources with the organization, the manager sets a framework for operative tasks. Along with organizing everything related to HR and the organization, Human resource managers should be well aware that organizing is a process of creating and organizing everything in a proper way to avoid any confusion and conflict.
Directing is a knowledge, discipline, and formal way of communicating to others what you expect from them or an organization. Unless a human resource manager has the ability to direct, a human resource manager cannot be said to be full-fledged. When the HR manager has the right guidance capabilities, the manager instructs the team to act accordingly and provides appropriate guidance to meet the organizational objective.
Human resource managers must have full knowledge of handling all matters related to human resources, as they must be fully capable of thinking and deciding what should be done and what should not be done They also need to know how employees should be treated and how not. Simultaneously he sets the standard for management performance and subsequently analyzes the results based on such criteria through performance evaluation and job analysis.
Operative functions are those that are performed at the departmental level or middle level and are primarily concerned about the execution of plans and strategies created at the managerial level. Below we have mentioned about various types of operative functions:
Acquisition of human resources is the primary function of a manager. This includes all requirements of personnel, recruitment, and selection of suitable candidates, an appointment to the right place of the workforce, and estimation of orientation.
2. Training & Development
Providing proper training to managers to develop the necessary skills and talents within the employees and ensuring the correct development of the selected candidates is an important function of HR. Overall, the success of an organization depends on how well employees have trained for the job and their growth opportunities within the organization. The role of HR is to ensure that new employees acquire company-specific knowledge and skills so that they can perform their tasks efficiently. This increases the overall efficiency and productivity of the workforce, resulting in better business as well as greater profitability for the company.
3. Providing Compensation and Benefits
Benefits and compensation are a major part of the total cost expenditure of any organization. It is necessary to plug expenses, and at the same time, it is very necessary to pay employees well. Therefore, the role of human resource management is to create packages such as bonuses, benefits, and compensation for them to attract more employees in the workplace without disturbing the company’s finances. By which he will be able to give more good production to the company by doing his work with more interest.
Integration means introducing new employees to the organization and their work or process. This includes motivating employees through various financial and non-financial incentives, providing job satisfaction, dealing with employee complaints through formal grievance procedures, collective bargaining, labor participation in management, conflict resolution, development of sound human relations, employee consultation, improving quality of work-life, etc.
It is the most important function, it is related to saving and promoting the physical and mental health of the employees, which aims to provide many types of fringe benefits like PF, life insurance, accident insurance, health insurance, pension to the employees. It is necessary to provide gratuity with various benefits and facilities such as allowances and other health and safety measures.
We hope this information will help you to understand the functions of Human Resource Management (HRM). Read more about Human Resource Management
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