Human resource management is an organizational function that manages all issues related to people in the organization. This includes, but is not limited to, compensation, recruitment, employment, performance management, organizational development, health and safety, benefits, employee motivation, communications, policy management, and training.
What is Human Resource Management?
Human resource management is also a strategic and holistic approach to managing people and the culture and environment of the workplace. When implemented well, it enables employees to contribute effectively and productively to the overall direction of the company and achieve the organization’s goals and objectives.
Members of the department provide the knowledge, tools, training, administrative services, legal and administrative guidance, and oversight of talent management that the rest of the organization needs to ensure its successful operation.
Alternative Name: Human Capital Management
Abbreviation: Human Resource Management (HRM)
How Does Human Resource Management Work?
Members of the human resource management team bear a partial responsibility to ensure that the organization has a shared vision, values, and overall mission that provides a common reason for employees to want to work for the organization. These elements can be inspirational and help employees feel they are part of something bigger than themselves.
Additional activities sponsored by human resource management can include outreach to employees and the community. They act as recurring mentors and members of employee teams that are involved in charitable giving, public engagement activities, and events that involve employees’ families.
Note: Human resource management has evolved over the years, and now typically includes contributing to the strategic direction of the company and using metrics to measure efforts and demonstrate value.
Human resource management functions are also performed by line managers who bear direct responsibility for the engagement, contribution, and productivity of their reported team members. In a fully integrated talent management system, managers play a significant role and carry the responsibility of the hiring process. They are also responsible for the continuous development and retention of top-performing employees.
Human resource management is moving away from traditional roles of employee management and transactions, which are being increasingly delegated. The HR function is now expected to add value to the strategic use of employees and ensure that recommended and implemented programs positively impact the business in measurable ways.
HR staff should also help maintain the safety of the employer and the company from lawsuits and workplace chaos resulting from them. They must serve as a balance to serve all stakeholders in the organization: customers, executives, stakeholders, employees, and shareholders.
Entry Requirements for Human Resource Management
Individuals looking to enter the field of human resource management typically need at least a bachelor’s degree in human resources or a related field such as business administration. Some employers may also require candidates to hold a master’s degree in business administration, human resources, or labor relations.
Obtaining a certification is often not necessary for a job in human resource management but can help distinguish candidates and may be required by some employers. Many professional associations offer these certifications, such as:
- The Society for Human Resource Management (SHRM) offers programs for certified HR professionals and senior certified HR professionals.
Source: https://www.thebalancemoney.com/what-is-human-resource-management-1918143
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