Top 10 Functions of a Human Resource Management(HRM)

The functions of HRM hold great significance in the growth and overall development of organizations. After all, when the employees grow and develop their skills, the organization will automatically experience growth and expansion.

Some of the key objectives of HRM include; 

1. Human resource managers are in charge of organizing activities, events, and celebrations inside the organization, which provide possibilities for team development. Furthermore, it increases employee engagement and fosters a sense of confidence and regard among colleagues.
2. HR managers strive to reduce expenses, such as retaining employees. HR specialists are taught to conduct effective negotiations with potential and current workers, as well as to be knowledgeable about employee perks that are likely to attract excellent applicants and keep current employees.
3. HR managers play an important role in developing employer-employee relationships since they contribute considerably to training and development. This leads to staff development inside the organization, hence, increasing employee happiness and productivity.

Functions of HRM

1. Job design and job analysis
2. Employee hiring and selection
3. Employee training & development
4. Compensation and Benefits
5. Employee performance management
6. Managerial relations
7. Labor relations
8. Employee engagement & communication
9. Health and safety regulations
10. Personal support for employees
11. Succession Planning
12. Industrial Relations

 

1. Job Design and Job Analysis

To hire the right employees based on rationality and research, it is imperative to identify the traits of an ideal candidate who would be suitable for the job. This can be accomplished by describing the skills and character traits of your top-performing employee. Job analysis involves describing the job requirements, such as skills, qualifications, and work experience. 

2. Employee Hire and Selection

Recruitment is one of the primary functions of human resource management. HRM aims to obtain and retain qualified and efficient employees to achieve the goals and objectives of the company. All this starts with hiring the right employees out of the list of applicants and favorable candidates.

3. Compensation and Benefits

The primary objective of the benefits and compensation is to establish equitable and fair remuneration for everyone. Therefore, one of the core HR department functions is to lay down clear policies and guidelines about employee compensation and their available benefits. 

 

4. Employee Training and Development

The role of HR should be to ensure that the new employees acquire the company-specific knowledge and skills to perform their tasks efficiently. It boosts the overall efficiency and productivity of the workforce, which ultimately results in better business for the company.

5. Employee Performance Management 

The next activity on the HR functions list is effective employee performance management. Effective performance management ensures that the output of the employees meets the goals and objectives of the organization. Performance management doesn’t just focus on the performance of the employee. It also focuses on the performance of the team, the department, and the organization as a whole.

 

6. Managerial Relations 

Relationships in employment are normally divided into two parts — managerial relations and labor relations. Managerial relations determine the amount of work that needs to be done in a given day and how to mobilize the workforce to accomplish the objective. It is about giving the appropriate project to the right group of employees to ensure the efficient completion of the project. At the same time, it also entails managing the work schedules of employees to ensure continued productivity. It is essential that HR handles such relations effectively to maintain the efficiency and productivity of the company.

7. Labour Relations 

Cordial labor relations are essential to maintain harmonious relationships between employees at the workplace. It is crucial for an HR to provide proper rules, regulations, and policies about labor relations. This way, the employees have a proper framework within which they need to operate. Therefore, every employee will be aware of the policies which will create a cordial and harmonious work environment.

8. Health and Safety Regulations 

Integrating health and safety regulations with company procedures or culture is the right way to ensure the safety of the employees. Making these safety regulations part of the company activities is one of the important functions of HRM.

9. Succession Planning 

An employee leaving the organization can prove to be disruptive and expensive. Therefore, succession planning is a savior of some sort, as it helps identify the next person who is just right to replace the outgoing individual.

10. Personal Support for Employees

Along with discharging administrative responsibilities, HR departments also help employees in need. Since the pandemic, the need for employee support and assistance has substantially increased. HRM assists employees when they run into personal problems which may interfere with the workflow.