What is Human Resource Management?

Human resource management is the concept that advocates that how efficiently human resources or individuals working in a company can be managed to achieve the organizational or business goal within a period time. 

 If the management of human resources is done correctly, then it can be assumed that the employees will productively and efficiently contribute to the overall company or organization to achieve the goals and objectives of the company or institution. 

The human resource members, who will recruit and manage people along with maintaining the work culture and environment of the company, should have perfect knowledge of managing people, using the essential tools required to manage the human resources, have the ability to coach and guide the employee to bring the effective results, they also should have some idea regarding the legal and management advice, they should also have some insight regarding the talent management which is required by the company from time to time. 

What are the Roles and Responsibilities of a Human Resource Manager?             

The members of the human resource management staff are partly responsible to ensure that the organization is having some kind of mission common vision and values based on which the company operates. Also, it is important to keep in mind that the mission and vision of the organization should be such for which the employees will be willing to work for the organization.

The above-mentioned elements can be motivational, inspirational, or something of that sort that will help the employees realizes that they are an integral part of the company. Some of the other activities which are an important part of human resource management working are that it is responsible for the development of the employee which will be beneficial for them to effectively increase their productivity for achieving the goals of the company. Such functions include developing training programs, employment development programs, and activities that will help the employees to enhance their knowledge about their particular domain. 

Some of the major functions involved in human resource management include talent management which is done by the recruiters, performance management which is to look after the performance of the employees from time to time, recruiting new hires, deciding the manager salaries, also taking care of the personnel management which aims at employee development and ultimately the organizational development.  Some of the other important function also includes that the human resource manager will look after the work environment of the company or organization, to evaluate and analyze that how resource management or how the allocation of resources can be made in the company to get the optimal output.

What are the Functions of Human Resource Management?

Some of the most important functions performed by the human resource management members or the human resource managers are: 

• The first function performed is to plan the human resources. For this, the human resource manager needs to have an idea regarding the organizational goals that the organization or the company wants to achieve. Therefore, to achieve those goals what kind of people are required in a company and how many of them are required in a company, is the job of the human resource manager, or is one of the most important functions of human resource management. 
• The second most important function is to recruit and do new selection or in other words, it can be said that new hiring for the company is to be done. Attracting people towards the company initiates with the employee brand. If the employer is attractive from the aspect of providing a lot of advantages, then the process of recruitment and selection becomes easier for the fact that people will be attracted to work in that particular company or organization. 
• Managing the performance or performance management is important for ensuring that the employee will be still engaged in the work and also productive at the same time in the work what he or she is doing. Top-notch performance management involves the leadership skills to be efficient enough and also set prominent and clear goals and also should be open to any kind of feedback. For example, if an employee is having difficulty in communicating. Then it is the responsibility of the HR manager to put him or her into such a program that will enhance the communication skills of that particular employee. 
• One of the most important functions of the human resource manager is to enable the employees to develop the skills which they need in the future for enhancing productivity. This helps in bridging the gap between the workers of the organization and the workforce that is being required in the future.  It also involves that the HR manager looks after the work activities of all the employees.  For example, if an employee is having difficulty in communicating. Then it is the responsibility of the HR manager to put him or her into such a program that will enhance the communication skills of that particular employee. 
•  Maintaining industrial relations and cultivating relationships with the Labour union is another important function of the human resource manager. It is important to build a good relationship with the Labour union so that the employees stay satisfied with whatever rewards being given to them and also there is an absence of conflict between the employee and the employer. 
• Since the employees work hard to earn their livelihood, the human resource manager needs to have a strategy as a part of a strategic management procedure for rewarding employees from time to time for the work that they do. Rewards not only include salary but also the growth of career opportunities, status, recognition, to provide performance appraisal, and so on. The rewards can be in terms of cash or kind. 

Therefore, from the above discussion, we can conclude that the most crucial function played by the human resource manager or what comes under human resource management is the business management as a whole. As because all of the functions mentioned above, are a part of the business management. The HR Strategy should be such that the human resource development is also done through various programs and learning procedures of the employee which will subsequently help the organization to achieve its vision, mission, and goals. 

Context and Applications:

This topic is significant in the professional exams for both undergraduate and graduate courses, especially for        

• B.COM
• BBA
• MBA