What Are The 7 Roles Of Human Resource Management?
human resource management (hrm) Singapore
1. Human Resource Management (HRM) is defined as the strategic planning and coordination of people’s work activities throughout their careers with the aim of ensuring organizational success.
2. HRM encompasses all aspects of the role of the manager in relation to employee relations, compensation, training, performance management, job design, recruitment, selection, retention, termination, career planning, succession planning, compensation, benefits, and related issues.
3. HRM should not be confused with personnel management. Personnel management focuses on the administrative and operational tasks associated with employing individuals. In contrast, HRM is concerned with the strategic planning and coordination necessary to ensure organizational success.
4. According to Bagozzi & Yi-Hui (2006), HRM includes five core components:
a. Recruitment and Selection
b. Hiring and Managing Talent
c. Compensation and Benefits
d. Training and Development
e. Performance Appraisal
5. HRM involves working closely with those who recruit, hire, manage, train, develop, evaluate and compensate employees.
6. HRM has three levels of application:
• Strategic level — where the focus is on strategy alignment with business goals;
• Operational level — where the focus lies on how the organization implements its strategies across individual teams;
• Tactical level — where the focus falls on day-to-day activities within an organization.
7. It keeps track of employees’ performance and evaluates their effectiveness. It promotes ethical conduct among employees and managers.
Source: Human resource management system Singapore
Benefits of human resource management
Human Resources Management (HRM) is defined as the practice of managing people to improve organizational performance and help them achieve their work goals.
HRM deals with the effective use of human assets, including employees, managers, supervisors, and others who have a role within the organization.
These people are considered as “human capital” because they possess unique skills, knowledge, and abilities that contribute to the success of any business organization.
The most common types of human resources management that occur in organizations are recruitment, selection, training, compensation, promotion, employee relations, career planning, and succession planning.
Human Resource Management helps the company to create and develop its workforce and ensure that the right people are hired for specific positions in order to meet organizational objectives effectively.
Organizations can hire skilled employees from outside or hire internal candidates based on their competencies and qualifications.
This process involves several steps, starting from the development of job description, assessment, recruitment, selection, interviewing, placement, and finally monitoring and evaluation.
While developing these processes, HRM helps the organization to align its staffing strategy and objectives with the operational strategy and objectives, provide proper training to its employees, and plan their career paths accordingly.
In addition, HRM ensures that the organization has the right number of staff for each position, provides fair compensation and employment terms as well as benefits, makes sure that the organization hires the right person for the job, and ensures that the employees are satisfied with the working conditions at the workplace.
Human Resource Management helps companies to reduce costs and boost productivity through the following ways:
• Hiring the best-qualified individuals and ensuring that the right people are employed for the right roles. This helps to avoid errors and omissions related to hiring and firing.
• Ensuring that the workers receive appropriate training, both formal and informal, throughout their employment period. This helps them develop their capabilities and potential, enabling them to perform better at work.
• Providing the necessary resources, tools, equipment, facilities, and support systems. This creates a conducive environment where the employees feel comfortable and productive and helps them to deliver their best performance consistently.
It is evident that Human Resource Management is not a simple task, but rather it requires great attention and care. Therefore, businesses need to understand their own strengths and weaknesses before they implement a successful human resources management system. Without understanding these aspects, it would be extremely difficult for organizations to manage properly.
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