What is Human Resource Management?- A human resource manager is responsible for managing the human resources of the organization by implementing policies, programs and practices in the organization for an productive and motivated workforce. Human resource management also called as HRM, or HR involves the management of an organization’s employees. Various functions that HRM oversees are:
- Talent planning, acquisition and selection
- Employee training
- Employees wages and salaries management
- Employee performance assessment
- Providing benefits and incentives to employees
- Compliance with local employment and labor laws
- Dispute resolution with or amongst employees
- Acting as an communication channel between organization and employees
HRM acts as an interface between the company and it’s employees.
In an organisation objectives are set in order to achieve predefined results by effectively utilizing the available pool of human resources. The basic objective of any organisation is to ensure that the employees work positively and efficiently direct their energies towards the realization of organisational objectives.
Some of the major objectives of HRM are as follows:
- Achieving organisational objectives by ensuring the availability of adequate number of employees
- Optimal utilization of available resources
- Establishing and maintaining sound organisational structure
- Maintenance of productive and self-respecting working relationship among all the employees of the organisation
- Enhancing productivity by identifying and satisfying employees needs through financial and non-financial motivators
- Maintaining high employee morale
- Proper training and development of employees on regular basis to match in the competitive business environment
- Efficient leadership, supervision and guidance to employees
- Favourable work condition and appropriate work environment for employees
- Hiring the right person for the right job depending on the job profile and work experience
Practice Questions
Q1. What is the primary purpose of performance appraisals?
a) To determine promotions
b) To determine compensation increases
c) To provide feedback to employees
d) To determine terminations
Correct Answer: c) To provide feedback to employees
Q2. What is the process of attracting and selecting qualified candidates for a job?
a) Recruitment
b) Performance appraisal
c) Training and development
d) Employee engagement
Correct Answer: a) Recruitment
Q3. What is the process of identifying and addressing employee performance issues?
a) Performance appraisal
b) Training and development
c) Employee relations
d) Performance management
Correct Answer: d) Performance management
Q4. Which of the following is a type of compensation?
a) Base pay
b) Bonus pay
c) Health insurance
d) All of the above
Correct Answer: d) All of the above
Q5. What is the process of providing employees with the knowledge and skills they need to perform their job?
a) Performance appraisal
b) Training and development
c) Recruitment
d) Compensation and benefits
Correct Answer: b) Training and development
