What is human resource management? Let’s start with an example. We need some resources to accomplish any task. Our body needs food, water and oxygen to carry out various biological processes such as digestion, excretion, respiratory response and non-biological processes such as writing. Our body needs energy for that. The human body uses these resources (food, water and oxygen) to generate energy we and our body utilize to perform all the activities. However, all resources should be used in the right amount and at the right time. Drinking too much water can kill. Eating bad food can cause obesity and many other illnesses. Our body cannot function properly if we overuse or utilize these resources insufficiently. So, we need to manage these resources.
Human Resource Management
Exactly, in the same way, a business needs some resources to produce, advertise, sell, service and execute other business operations. Money, machine, manpower (human resource) and time are the most important resources every single business needs. However, a business needs to utilize the right resource, at the right time and in the right amount. So, a business needs to manage these resources. Accountants are there to take care of the money. Mechanics or technicians are there to take manage machines and human resource management is there to manage human resource or manpower.
Human resource management is a business practice. Human resource management is the management of manpower in a way that gives competitive advantages to the business while keeping the interests of the business and manpower in mind. Interests of the business are obviously prioritized. After all, it’s all about the business. Big companies have dedicated in-house human resource departments responsible for hiring, management and termination of employees. Small companies usually hire one or two human resource professionals to hire, train, deploy, manage and terminate employees. Human resource department creates policies to govern employees and employee relationships and also implements and oversees these policies.
What Are the Roles Of Human Resource Management?
The HR department gives suggestions to the higher management to strategically manage the human resource. All this is done for the participation of employees to achieve the business goals.
Be it a small-sized, medium-sized or big business, there are three levels of management in every business – top level, middle level and low level. Directors and chief executives come into the top level of the management. Departmental managers and branch managers come into the middle level of the management. Low-level management consists of section officers, foreman, superintendent, supervisors etc. Similarly, there are three levels of a business organization – organizational level, process level and activity level.
HR professionals and managers in the human resource department, they work at all levels of the organization for employee skills development. They offer their advice to managers and supervisors on assigning roles and responsibilities to employees. In addition to the skills, qualifications and sometimes preferences of the employees, the department most importantly considers the business priorities while assigning roles and responsibilities.
It is the responsibility of HR professionals to create employee commitment strategies. Their commitment to the organization is important. It starts right from the recruitment process. An organization gains maximum employee commitment by assigning roles according to the skills and qualifications and by offering employee benefits.
There is a constant shift in the competitive job market. Therefore, the needs of employers and employees change with time. Human resource management has to create strategies to address these changes and issues arising due to these changes. The human resource department also does the assessment of the cost of employee benefits. Employee benefits such as flexible working arrangements, additional vacation days, enhanced retirement plans etc. significantly improve employee retention.
The responsibility of capacity building rests on the shoulders of the human resource management. Building the capacity of the organization brings a competitive advantage. The organization can now develop better products and offer better services. With the best talent being in the side of an organization, staying ahead in the competition is easily achievable. However, the human resource department has to compete for the talent acquisition. Retaining talent is as important as acquiring talent.
While learning can change the life of only one individual, learning and sharing can change lives on many. This is what I and my hubby believe in. I am Harpreet Kaur.