What Is Human Resource Management ?
HRM (Human Resource Management) refers to the management function that includes recruiting, selecting, providing training, ensuring fair compensation, monitoring performance and managing employees to maintain positive work environment in the organization. The main purposes of HRM is to improve employees performance, maintain company culture, increase productivity and to achieve long-term organizational goals.
Objectives Of Human Resource Management (HRM): Key Goals For Organizational Success
The main objectives or importance of human resource management (HRM) can be highlighted as follows:
1. To Utilize Human Resource
HRM helps to achieve the goals and the objectives of the organization by utilizing human resources effectively and efficiently. It conducts training and development programs that helps to enhance the skills and performance of employees.
2. To Provide Quality Of Work Life
HRM ensures quality of work life in the organization. It means human resource management provides respectful environment in the workstation. It provides opportunity for growth and development that helps to meet the personal goals of employees.
3. To Improve Job Satisfaction
HRM helps to increase job satisfaction by providing different opportunities and facilities to the employees. Human resource management offers compensation and benefits that helps to increase employees motivation. Therefore it helps to improve job satisfaction and morale.
4. To Build Coordination And Cooperation
Another objective of human resource of human resource management is to facilitate teamwork and collaboration among the employees. It helps to build coordination between different departments and units within the organization. Better coordination and sense of team spirit helps to achieve organizational goals more efficiently.
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5. To Ensure Better Working Condition
It ensures workplace safety and compliance with labor law of the country to provide secure working environment . So, HRM helps to maintain proper working condition in the organization that helps to improve employees' performance.
6. To Perform Recruitment And Selection Function
HRM provides competent and capable manpower to the organization with proper recruitment and selection process. It helps to identify and select competent candidate that helps to improve the productivity of the organization.
7. To Retain Top Talent
Because of better working environment, competitive compensation and benefits , opportunity for development, HRM helps to retain valuable manpower in the organization that decreases labor turnover
