Human Resources Management

1305 Words6 Pages
Human Resource Management (HRM) is the calculated and reasoned method of managing for an organization’s most valued assets. They are responsible for the people working and ensuring the achievement of the role for the organization’s goals and objectives. What is Human Resource Management (HRM)? HRM is always a leadership, financial, and management issue. Employee costs usually consume 70 to 80 percent of the budget of most organizations. By managing

human resources effectively and efficiently, you will know that your workers are

satisfied and motivated, willing to perform their duties to the best of their abilities.

Effective human resource management should help employees find meaningful work

and try to provide them with career satisfaction. It may also help an organization to

improve its performance and increase success. The responsibilities that encompass Human Resource Management include a multitude of various activities, among these tasks are deciding factors of whom to hire and the whereabouts of finding quality employees, recruiting and training the best candidates. Other important aspects that need to be carefully monitored are the performance of all employees and conformity of practice regulations. Managing the approach to employee benefits and compensation, employee records and personnel policies are also included in the activities of HRM.

The efficiency of any business or organization is within the powers of HRM. The decision of whom to hire the amount of employees and the productivity level is one of the most important duties of any HRM. There are critical issues in over and understaffing. To under staff can result in major losses in revenue, scale and speculation, customers and profits. On the other end o...

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...y. Human Resource Management do so by advising upper management of the principles and objectives of the evaluation system and its specific design for the organization and environment. The system developing includes consultations with all managers, supervisors, and staff representatives. Once the system is set in place and objectives are set it is required that all managers and supervisors are correctly trained to carry out appraisal and evaluations. Not only are procedures and principles sought for, but human relations skills are necessary as well. Basically an evaluation / appraisal scheme is a formalization of what is done in a more casual manner anyway . Most managers approve merit payment and that too calls for evaluation. Made a standard routine task, it aids the development of talent, warns the inefficient or uncaring and can be an effective form of motivation.
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