Key Functions of Human Resource Management

Figure: Key Functions of Human Resource Management

Human Resource Management plays a vital role in managing an organization’s workforce efficiently in an effective manner. The key functions of Human Resource Management consist of:

1. Recruitment and Selection

Human Resource Management is responsible for attracting, identifying, and hiring the right talented employee for the organization. This process involves job analysis, advertising vacancies, screening applicants, conducting interviews, and finally selecting the best candidates suited for the organization (Dessler, 2020).

2. Training and Development

Organizations invest in training programs to enhance and upgrade employees' skills and knowledge and assure Continuous Professional Development (CPD). Human Resource Management oversees employee training, career development, and leadership sessions to advance performance and job satisfaction of employees in the organization (Armstrong & Taylor, 2020).

3. Performance Management

Human Resource Management set up performance evaluation systems to assess employee productivity. It comprises setting performance expectations, conducting appraisals, and providing feedback to boost the employee contributions towards achieving organizational goals (Aguinis, 2019).

4. Compensation and Benefits

Human Resource Management constructs and administers compensation structures, including salaries, incentives, and benefits packages to ensure competitive and fair remuneration for employees. This function helps in attracting and retaining top talented employees within the organization (Milkovich, Newman, & Gerhart, 2019).

5. Employee Relations and Labor Law Compliance

Human Resource Management assures a positive work culture by addressing employee grievances, promoting workplace ethics, and ensuring compliance with labor laws and regulations (Brewster, Chung, & Sparrow, 2016).

6. Workforce Planning and Strategic HRM

Human Resource Management contributes to long-term business goals by analyzing workforce needs, succession planning, and aligning HR strategies with organizational goals (Boxall & Purcell, 2022).

7. Health, Safety, and Well-being

Assuring workplace safety and employee well-being is another crucial function of Human Resource Management. It engages implementing health and safety policies, conducting risk assessments, and promoting wellness sessions for employee well-being (Goetsch & Davis, 2021).

References

• Aguinis, H. (2019). Performance management. Chicago Business Press.
• Armstrong, M., & Taylor, S. (2020). Armstrong’s handbook of human resource management practice. Kogan Page.
• Boxall, P., & Purcell, J. (2022). Strategy and human resource management. Macmillan International Higher Education.
• Brewster, C., Chung, C., & Sparrow, P. (2016). Globalizing human resource management. Routledge.
• Dessler, G. (2020). Human resource management. Pearson.
• Goetsch, D. L., & Davis, S. B. (2021). Occupational safety and health for technologists, engineers, and managers. Pearson.
• Milkovich, G. T., Newman, J. M., & Gerhart, B. (2019). Compensation. McGraw-Hill Education.