In: Economics
mention the basic concepts of the function of human resource
HRM is related to acquiring services from people, development of
their skills, motivating them to the elite level and ensuring that
they continue to maintain their commitment towards the
organization.
HRM relates to the management of employees from recruitment to
retirement. There are different functions of HRM but here we will
discuss basic five functions.
i). Recruitment and Selection- The process of
fascinating, screening and selection of qualified candidates on the
basis of objective criteria for a specific job. Its aim is to
attract qualified candidates and encourage the unqualified
candidates to keep themselves out.
Companies need to execute proper staffing plans and the number of
employees needed before starting the process of recruitment. This
process is very important for every organization to reduce the cost
of mistakes like recruiting incompetent, unmotivated and
underqualified employees. Firing the unqualified and recruiting a
new employee is an expensive process.
ii). Orientation- This step helps the new
employees to adjust themselves with their employer and their new
job. The orientation program should consider the objectives and
goals of the organization and how the employees will help to
achieve long term and short term goals of the organization. This
program helps the employees to do their assigned work by taking an
active role in the organization.
iii). Good working conditions- HRM has a
responsibility to provide good working conditions to the employees
so that they get motivated towards their workplace and working
environment. HRM should provide financial and non-financial
benefits for employees from various departments. Employee welfare
promotes the satisfaction of a job which is needed to be managed by
the HR team.
iv). Employee relations management- One of the
crucial function of HRM is employee relationship that is needed to
foster good employee relations. It helps to influence behavior and
work outputs of workers. Activities should be organized by the
management that will help to know employees at a professional and
personal level. Well planned employee relations help to promote a
healthy and balanced relationship between employees and
employers.
v). Training and development- It is the
indispensable function of HRM for improving the current or future
performance of employees by increasing their ability with the help
of education and increase in skills or knowledge in the specific
subject.