Functions of Human Resource Management Quiz

Study Notes

Human Resource Management (HRM)

Overview

Human Resource Management (HRM) refers to the systematic approach of managing an organization's human resources to optimize individual and collective performance. According to the definition outlined by Coursera, an HRM department is responsible for various key functions, including recruitment, administration, compensation and benefits, training and development, and employee relations and performance management.

Functions of Human Resource Management

Planning

Planning involves setting goals, developing strategies, and determining the resources needed to implement these strategies effectively. This includes identifying the skills, competencies, and behaviors required for successful performance and alignment with the overall organizational strategy.

Staffing

Staffing entails filling positions within the organization through recruitment, selection, induction, and orientation processes. This ensures that the company employs individuals who possess the necessary qualifications, skills, and aptitude to perform their roles effectively.

Employee Development

Employee development refers to ongoing efforts to enhance employee capabilities and potential, leading to improved performance and increased job satisfaction. This may involve providing training, coaching, mentoring, and career development opportunities.

Employee Maintenance

This function is focused on ensuring employee well-being and addressing their needs through various policies and programs. Employee maintenance includes matters such as health, safety, welfare, counseling, and employee assistance schemes.

Benefits of Human Resource Management

Effective HRM contributes significantly to an organization's success by ensuring a skilled and engaged workforce, promoting a positive work environment, maintaining compliance with labor laws, and fostering strong employee-employer relationships.

Conclusion

Human resource management plays a crucial role in enhancing organizational performance. By focusing on employee acquisition, development, and welfare, HRM enables organizations to leverage their human resources effectively to achieve their strategic objectives.