kithsiri

  The Changing Role of the HRM Function Of all the support functions, the HRM (Human Resource Management) function is a critical component of any organization . Apart from finance, which serves as the lifeblood of the organizational support functions, the hem function more than any other support function has the task of ensuring that the organizational policies and procedures are implemented and any grievances of the employees are taken care of. For instance, it is common for the HRM function in many organizations to combine hiring, training, providing assistance during appraisals, mentoring employees, and deciding on pay structures and grades. This means that the HRM function has its task cut out wherein it has to take care of the “people” side of the organizational processes. Considering the fact that the ascent of the services sector (IT, Financial Services, BPO) has meant that people are the key assets for organizations, the importance of the HRM function has grown by leaps...

       What Are Human Resources? Learning Objectives Explain the role of HRM in organizations. Define and discuss some of the major HRM activities. Every organization, large or small, uses a variety of  capital  to make the business work. Capital includes cash, valuables, or goods used to generate income for a business. For example, a retail store uses registers and inventory, while a consulting firm may have proprietary software or buildings. No matter the industry, all companies have one thing in common: they must have people to make their capital work for them. This will be our focus throughout the text: generation of revenue through the use of people’s skills and abilities. What Is HRM? Human resource management (HRM)  is the process of employing people, training them, compensating them, developing policies relating to them, and developing strategies to retain them. As a field, HRM has undergone many changes over the last twenty years, giving it an...

  The primary objective of HRM is to ensure the availability of a competent and willing workforce for an organization. Beyond this, there are other objectives too. Specifically, HRM objectives are fourfold: Societal, Organization, Functional and personal.       Personal Objectives: To assist Employees in achieving their personal goals, at least in so far as these goals enhance the individual’s contribution to the organization. Personal objectives of employees must be maintained, retained, and motivated. Functional Objectives To maintain the contribution of the department at an appropriate level organization should fulfill the needs. Resources are wasted when HRM is either more or less sophisticated to suit the organization's demands. Organizational Objectives: To recognize the role of hem in bringing about organizational effectiveness, HRM is not an end in itself but is only a means to assist the organization with its primary objectives organization. Societal Ob...