Human Resource Management Overview

Human Resource Management Overview

According to the assigned readings, the objective of this paper is to describe the Human Resource Management (HRM) and the primary function of HRM. In addition, this paper will also highlight the definition of strategic plan and the role HRM plays in an organization’s strategic plan. This paper will also describe the four main functions of Human Resource Management and then relate them to the main functions of management. Lastly, workforce diversity will be defined and how it affects HRM with the strategic plan will be analyzed.

HRM and Primary Functions

The administration of human capital within a corporation is known as Human Resource Management (HRM). Human resource management (HRM) is based in the efficient utilization of employees to achieve two main goals within a company or other organization. “The first is to effectively make use of the talents and abilities of each employee to meet the operational objectives that are the ultimate aim of the organization” (WiseGeek, 2014) The managers appointed under HR are accountable for the attraction, training, and payment of the future and current employees. In today’s organization, human capital is the most valuable resource and organizations keep track of the entire employees within the organization through the human resource management team.

HRM manipulates a vast area of an organization, which often includes compensation strategies, leadership skills, performance management, and motivation strategies. Other than the functions mentioned earlier the primary functions of HRM for any businesses are:

Recruitment: HR teams are responsible for post hiring ads, screening candidates, and finalize potential candidates with higher authorities.

Safety: Employers are responsible to provide safe working environment for the employees and safety is a crucial factor in the workplace. One of the prime functions of the HR is to assure safe workplace and training environment for the employees and monitor all the safety laws are maintained internally and federally

Benefits and Compensations: The benefits and compensation functions of HR is to arrange compensation structures, setting benefits, and analyzing competitive payment structure. HR looks after the health coverage, insurance payments, retirement funds, bonuses, and holiday benefits.

Employee Relations: Maintaining and sustaining a healthy positive relationship between employer and employee is a thriving factor for any business. It is the responsibility of HR team to monitor the employee relationship with the employer and senior officers. Any workplace problems, concerns, conflicts, bargains has to go through with HR team before going ot the CEO or higher authorities.

Training and Development: Employers need to provide