Human Resource Management is a function within an organization devoted to helping companies regarding the hiring and development of employees. HRM’s main goal is to make their resource value for the business. HRM focuses on the management and recruitment of the people who work in the company. HR Department provides direction to the workforce.
They also set smart goals for employees. You can refer to HR Resource Guide in order to get more information about smart goal setting by the HR Department for employees.
Human resource management includes hiring the right people for the work, training them according to the requirements of the business, evaluating and recognizing performance of employees, managing of salary packages and communicating with every person in the company. Disputes within the company are also solved by the HR department.
Strategic human resource management focuses on the organization level while traditional human resource management focuses on individual performance. It includes providing strategies to solve business problems rather than an individual person’s problems. It is more than just a system. SHRM’s aim is to integrate firms’ HR practices with their performance. SHRM works with the company’s expertise and employee’s skills to gain a competitive advantage.
HRM develops strategies to improve organizational effectiveness. Their objective is to create a place where everyone wants to work. Creating a place where relationships can be built and maintained between management and employees. HRM aims to manage the diverse employees, taking into account that every person comes from a different background, they have different personal needs and have different working styles.
Equal opportunities must be provided to all employees. The workforce is one of the important resources through which companies achieve a competitive advantage. Employees need to be recruited and trained in a way that benefits the organization.
The strategy is differentiated on three different levels of an organization; corporate, business and functional. The corporate level strategy comprises of the overall direction of a corporation towards growth and management of business units. The functional level strategy focuses on the functional operations of the business such as research, marketing and HR department.