Commercial Applications

Human Resource Management is the management of people at work. With reference to the above statement explain the role of Human Resource Management in an organisation.

Human Resources

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Answer

Human Resource Management is the management of people at work. It is concerned with managing all types of people at all levels — workers, supervisors, officers, managers and other personnel. The role of HRM in an organisation is highly significant and is explained below:

  1. Attracting and Retaining Talent — HRM helps in attracting and retaining the required talent through effective human resource planning, recruitment, selection, placement, orientation, compensation and promotional policies.

  2. Developing Skills and Attitudes — HRM develops the necessary skills and right attitudes among employees through training, executive development and performance appraisal.

  3. Securing Willing Cooperation — HRM secures willing cooperation of employees through motivation, participation in decision-making, grievance handling and effective communication.

  4. Effective Utilisation of Human Resources — HRM ensures that the available human resources are utilised effectively to maximise productivity.

  5. Ensuring Future Talent — HRM ensures that the enterprise will have in future a team of competent and dedicated employees by planning succession and conducting career development programmes.

  6. Improving Quality of Work Life — Through fair compensation, sound grievance handling and welfare measures, HRM improves the quality of work life.

  7. Building Sound Human Relations — HRM helps build healthy relationships between individuals and different work groups, fostering team work and harmony.

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