The term HR Consultancy is very familiar to you, but you may not have a clear idea about it. Past days, HRM was defined as a function that manages activities related to workers of an organization. At present, HRM has a broad definition and scope than earlier. It associates with all the sections and departments of an organization including marketing, operations, and finance. The entire organization is responsible to gain the maximum from its employees through effective HRM. HRM is not a simple process. It is responsible to gain a high return on investment by dealing with workers and the management.
HRM is a key to success in any organization. Therefore, human resource managers implement various policies and procedures to get the maximum output from their employees. Listed below are some key functions of HRM.
Encouraging workers to accomplish organization goals though rewards and compensations
In is important to organize rewards and incentives for each and every position of the organization by considering the entire workforce. Variations should be placed according to the departments, designations, performance levels, responsibilities and the degree of achieving goals. For an example, the performance based commissions given to a sales executive can motivate him to achieve sales targets even if his basic salary is low. Therefore, HRM should satisfy all the employees through various rewarding schemes and drive them to achieve an organization's goals.
Recruiting a correct workforce
Recruiting talented employees and retaining them in the organization is a responsibility of human resource management in the organization. Qualified workers will always drive the business to its target goals. Hence, it is important to find and recruit suitable workers and keep them within the organization for a long time.
Evaluating performances
Human resource management is responsible to evaluate employee performances continuously. It will help to identify strengths and weaknesses of every employee. Then, they can use those strengths to achieve business targets and remove weaknesses through training and development. It will help to improve the productivity and get the maximum return on investment.
Controlling the workforce
Staff should be controlled and managed by rules and regulations. This is another responsibility of HRM. Introducing and implementing leave procedures, policies, behavioral rules, and other rules related to the workplace should be done by human resource managers.
Fulfilling employee expectations is another duty of human resource management. Only the satisfied employee works for the sake of the organization. People can be motivated only by fulfilling their expectations. When working for employee satisfaction, it is important to consider the organization's expectations as well. The ultimate goal of effective HRM is a successful business through totally satisfied employees.
HRM is a key to success in any organization. Therefore, human resource managers implement various policies and procedures to get the maximum output from their employees. Listed below are some key functions of HRM.
Encouraging workers to accomplish organization goals though rewards and compensations
In is important to organize rewards and incentives for each and every position of the organization by considering the entire workforce. Variations should be placed according to the departments, designations, performance levels, responsibilities and the degree of achieving goals. For an example, the performance based commissions given to a sales executive can motivate him to achieve sales targets even if his basic salary is low. Therefore, HRM should satisfy all the employees through various rewarding schemes and drive them to achieve an organization's goals.
Recruiting a correct workforce
Recruiting talented employees and retaining them in the organization is a responsibility of human resource management in the organization. Qualified workers will always drive the business to its target goals. Hence, it is important to find and recruit suitable workers and keep them within the organization for a long time.
Evaluating performances
Human resource management is responsible to evaluate employee performances continuously. It will help to identify strengths and weaknesses of every employee. Then, they can use those strengths to achieve business targets and remove weaknesses through training and development. It will help to improve the productivity and get the maximum return on investment.
Controlling the workforce
Staff should be controlled and managed by rules and regulations. This is another responsibility of HRM. Introducing and implementing leave procedures, policies, behavioral rules, and other rules related to the workplace should be done by human resource managers.
Fulfilling employee expectations is another duty of human resource management. Only the satisfied employee works for the sake of the organization. People can be motivated only by fulfilling their expectations. When working for employee satisfaction, it is important to consider the organization's expectations as well. The ultimate goal of effective HRM is a successful business through totally satisfied employees.
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