Human Resource Management (HRM) - Objectives, Functions, Definition


Human Resource Management (HRM) - Objectives, Functions, Definition

Definition: A strategic planning process of managing employees/ workers in an organization by systemically defining and carefully creating policies, systems, objectives and functions of recruitment, training and development procedures alongside overseeing employee benefits, appraisal, and performance, is known as Human Resource Management (HRM). An individual responsible for supervising and managing organizational procedures as well as people within the organization is professionally known as HR.

The purpose of appointing an HR professional for HRM is to efficiently manage human capital in an organization, preserve assets of the company, plan employees career right from recruitment to retirement, create effective and engaging policies to ensure the presence of good workplace environment, and help with the business growth. Moreover, the responsibility of recruiting, selecting, inducting employees, imparting training and development, appraising the performance of workers, finalizing compensation, motivating employees, ensuring proper relations with employee and employer, providing employees safe, equality and healthy work atmosphere, falls on the shoulders of the HR department.

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Human Resource Management Objectives

The general objectives of human resource management (HRM) are:

  • Help organization achieve success and goals by enabling the HR to procure top talents and dedicated employees
  • Help business organizations gain a competitive advantage by providing effective systems to manage workforce
  • Provide good career opportunities for hardworking and dedicated employees at the organization
  • Create a harassment-free and good corporate work culture for employees with engaging organizational ethical policies
  • Identify and modify strategies in HR Department in accordance with the business strategy
  • Establish a professional and communicative relationship between employees and employers
  • Implement innovative management systems to simply recruitment, compensation, payroll, benefits, performance, training, onboarding & offboarding, succession planning, and many more procedures
  • Build a strong, supportive, and professional workplace atmosphere for employees
  • Strengthen the employee-employer relationship
  • Maintain organizational structure and standards by properly defining positions, HR policies, roles and responsibilities, accountability, and other working relationship
  • Maintain the quality of hire by finding, selecting, recruiting, and training top and qualified talents
  • Develop organized management skills and procedures to manage workers, payrolls, information database, etc.
  • Structure an effective retirement and succession plans
  • Improve inter and intra communication between the employees and the management
  • Strategize an effective retention plan to retain hardworking and talented employees with good benefits, compensation, bonus, and salary offers
  • Create a healthy, friendly, and stress-free working environment in the organization by occasionally conducting fun activities for employees at the office
  • Come up with innovative ideas that contribute to the development and growth of the company as well as the employees

Typically, the Human resource Objectives are classified into four types, namely:

  • Societal objectives
  • Organizational objectives
  • Functional objectives
  • Personal objectives

Human Resource Management Functions

The aims and objectives of Human Resource Management (HRM) functions is to focus on structuring smart, systematic, and global strategic approaches in the HR department of an organization to manage employees in the association effectively, formulate compliable policies, and focus on maintaining the quality of hire in the organization.

  • Employee recruitment
  • Employee onboarding, offboarding and retention
  • Talent and workforce management
  • Job role assignment and career development
  • Payroll and leave management
  • Compensation and benefits management
  • HR Policies and compliance with Labour Laws
  • Performance management
  • Employee Training and development
  • Succession planning
  • Employee retirement planning
date  25 Jun 2019

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