Human Resources Management (HRM) is a fundamental part of almost all large organizations. This is a department that looks into the recruitment, welfare, education and engagement of employees in line with the company policies. In other words you can safely suggest that human capital management will be the organizational function that handles various topics related to folks a company including performance management, hiring, wellness, compensation, organization development, safety, benefits, employee motivation, communication, administration, and training.
Allow me to share few key activities of done by a Human Resources Management Department in an organization:
– Organizational Design
– Performance Management and Appraisal
– Reward Systems, Benefits and Compliance
– Employee and Organizational Development
There are numerous activities that happen to be element of human capital management function and these activities encompass the total organizational put in place. You might note in several organizations ‘Line Managers’, spend a large amount of time to manage numerous hr activities, which include disciplining, engaging, hiring, evaluating, and scheduling employees.
Hr management team or department in a organization assist the organization with activities relevant to staffing and maintaining an efficient and agile workforce. Some of the most important HRM responsibilities include training and development, team-building, job analysis, recruiting, performance management and appraisal, compensation, worker safety and health issues, in addition to identifying or developing critical strategies for selecting staff. Human capital Department supplies the tools, data and processes which are used by Line Managers in their human capital management element of their job.
The fonction RH within an organization will not be limited to hiring and running a large work force but research has revealed that progressive and highly effective Human capital Management Practices 77dexqpky a serious effect on corporate bottom-line and middle-line performance. Researchers have documented the positive impact of excellent HR practices on productivity; product and service quality; financial performance; and expense control.
Individuals who consider Human Resources department as cost centre forget about the vital role played by HR department in human capital management. Managing a talented work force, keeping it gainfully employed and engaged is a wonderful strategies ensuring quality output from employees of an organization. Besides, human resources management provides competitive benefit to an organization. It signifies the ability of any organization to formulate strategies that position it at favorable position relative to other manufacturers in the business.