Human Resource Management (HRM) is a core and central department in an organization responsible for conducting and maintaining crucial operations of the institution. The constituents of HRM, HR Managers, hold the fundamental duties of hiring, recruiting, managing, and training employees. Besides looking after the organizational operations, the HR department oversees various strategic functions of HRM that contribute to the development and growth of the company and its workers. In this article, we will see the list of HRM functions.
HRM is a strategic organizational planning process used by HR professionals in an organization to manage staff/ workers. The purpose and functions of HRM enable the representatives to focus on creating effective and systematic approaches to deal with employee’s recruitment, payroll, compensation, performance analysis, benefits, appraisal, and retirement procedures.
The Human Resource function in organizations today plays a very important and crucial role in the development and growth of the organization. The HR managers and the HR executives, responsible for implementing it in the association, have a very huge role in identifying, structuring, and planning key and effective management strategies with proper objectives and functions.
Generally, the functions of human resource management in an organization are classified into two types, namely:
Managerial functions of HRM are day-to-day responsibilities of managers to oversee, plan, & regulate common operations of an enterprise that lead to the achievement of goals of the company. It consists of various components and activities that help professionals manage employees and organization effectively.
The key activities involved in managerial function:
Operative functions of HRM are crucial and important operational activities that deal with recruitment, training, development, and analysis of employees.
The key activities involved in Operative function: