Purpose and roles of HRM
What is the purpose of human resource management (HRM)?
The purpose of human resource management (HRM) is to effectively manage the organization's human capital to achieve strategic goals and objectives. HRM encompasses various functions, such as recruitment, training and development, performance management, compensation and benefits, employee relations, and ensuring legal compliance. It focuses on optimizing the productivity, engagement, and well-being of employees while aligning their efforts with the business's overall goals.
What roles does HRM play in organizations?
Human Resource Management (HRM) plays several roles in organizations, including talent acquisition and recruitment, employee training and development, performance management, compensation and benefits administration, employee relations, workforce planning, organizational development, and ensuring legal compliance. HRM is responsible for managing the organization's most valuable asset—its people—and plays a critical role in aligning HR practices with organizational objectives, fostering a positive work environment, supporting employee growth and development, and ensuring compliance with employment laws and regulations. HRM also plays a strategic role in aligning the workforce with organizational goals, attracting and retaining top talent, promoting diversity and inclusion, and enhancing overall organizational performance and effectiveness.