Human Resource Management (HRM) is a vital function in any organization. It is responsible for managing the organization's most valuable asset – its people. The HRM process is a series of activities that are designed to help an organization achieve its goals by effectively managing its workforce.
The following are the key functions of HRM in practice:
Human resource planning: This function involves forecasting the organization's future workforce needs and determining the actions necessary to meet those needs. This includes identifying the number of employees needed, the skills they should possess, and the timing of their arrival.
Attraction – also called as recruitment: This function involves identifying and attracting a pool of qualified candidates for available job openings. The organization must ensure that it is reaching out to the right candidates and that the recruitment process is fair and equitable.
Selection: This function involves evaluating the pool of candidates and selecting the most qualified individuals for the available job openings. The organization must ensure that the selection process is fair, objective and job-related.
Directing: This function involves communicating with employees about their roles and responsibilities, providing guidance and direction, and taking corrective action if necessary. This includes setting performance expectations, providing feedback, and coaching employees to help them improve their performance.
Training and development: This function involves providing employees with the skills, knowledge, and abilities they need to perform their jobs effectively. This includes both on-the-job training and formal training programs.
Performance appraisal: This function involves evaluating employees' job performance and providing them with feedback on their strengths and areas for improvement. This helps employees understand how they are performing and what they need to do to improve.
Promote, demote or transfer regarding to performances: This function involves making decisions about employees' career development and advancement within the organization. This includes promoting employees who have demonstrated high levels of performance, demoting employees who have not performed up to expectations, and transferring employees to different roles within the organization.
In conclusion, HRM is a vital function that helps organizations meet their goals by effectively managing their workforce. It's a process that involves multiple activities such as human resource planning, attraction, selection, directing, training and development, performance appraisal, and promoting, demoting, or transferring based on performance. By understanding and implementing these key functions, organizations can create a strong, engaged and motivated workforce that can help them achieve their goals.