What is Human Resource Management (HRM)? HRM is the effective management of people at work to achieve the goal “make workers more satisfied and productive”. HRM plays a very important role in managing, controlling, developing, and maintaining workforce who significantly contributes to the existence and profitability of the organization. They are in continuous contact with the top-level management of the establishment and are responsible for assisting the management for running the processes efficiently. They are also responsible for attracting skilled workforce, and carrying out recruitment and induction procedures, training and development, and settlement of the employee in a particular work environment he is comfortable in.When an organization is concerned about people, its total philosophy, culture, and orientation reflect it. Every manager must be concerned with people, whether or not there is a human resources department. HRM is the management process involves the following functions: planning, organizing, staffing, leading, and controlling. The “people” or personnel aspects of management jobs involve conducting job analyses; planning labour needs and recruiting job candidates; selecting job candidates; orienting and training new employees; managing wages and salaries; providing incentives and benefits; appraising performance; communicating; training and developing managers; building employee commitment; being knowledgeable about equal opportunity, affirmative action, and employee health and safety; and handling grievances and labour relations.
The management of people hired by an organization involves employing people, designing and developing related resources and most importantly, utilizing and compensating their services to optimize business profitability via employee performance. Today, Human Resource Management operates in tune with other essential organizational requirements and co-exists with the topmost management cadre. Managing
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