Human resource management (HRM) is the management of an organization's workforce or human resources. It is responsible for attraction, selection, training, assessment and rewarding of employees, while also overseeing organizational leadership and culture and ensuring compliance with employment and labour laws. In order to do all the work effectively, training and development in human resource management is the most important aspect.
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Scope Of Human Resource Management
The objectives of the HRM span from the manpower needs assessment to management and retention of the same. Human resource management is responsible for effective designing and implementation of various policies, procedures and programs. It is all about developing and managing knowledge, skills, creativity, aptitude and talent and using them optimally. It also focuses on managing the physical and emotional capital of employees. HRM can be classified into the following areas:
HRM IN personnel management: it is direct manpower management that involves manpower planning, hiring (recruitment and selection), training and development, induction and orientation, transfer, promotion, compensation, layoff and retrenchment, employee productivity.
It also includes performance appraisal, developing new skills, disbursement of wages, incentives, allowances, travelling and policies and procedures.
HRM in Employee Welfare: This includes working conditions and amenities at the workplace such as safety services, health services, welfare funds, social security and medical services. It also covers the appointment of safety officers, making the environment worth working, eliminating workplace hazards.
HRM in Industrial Relations: It deals with careful interactions with labour or employee unions, addressing their grievances and settling the disputes effectively in order to maintain peace and harmony. It also deals with union-management relations, joint consultation, disciplinary procedures, solving problems with mutual efforts and settlement of disputes.