What is Human Resource Management?
Human Resource Management is the field of recruiting, hiring, deploying and managing employees for/within an organization. This includes, for example, training and development, performance appraisal , compensation, motivation and well-being. Human Resource Management is often referred to as "HRM," "HR" or "Human Resources. Within the HRM department are various functions such as payroll, personnel administration, recruitment and selection, induction, training and development, assessment and reward. The HR department is usually responsible for creating, implementing and managing employee policies and the organization's relationship with its employees.
Why is the HRM department important within an organization?
Behind the production of every product and service are the efforts of a human being. Until now, no product or service can be developed or improved without the help of humans, and so humans are the most important working capital of an organization. HRM is very important to ensure that employees come in, feel good, can be engaged in growth and development, can perform at their best, and that everything for the staff is well organized. In addition, Human Resource Management departments are often also responsible for the culture and development of the organization. They must ensure that the organization's mission, vision and values are lived and lived out by employees. Is this successful? If so, this will result in more engagement among employees and ultimately less turnover.
The changing role of Human Resource Management
In recent years, the HRM department has taken on a more important role within many organizations. Previously, the tasks of this department were determined by the people on the shop floor. Due to the tightening labor market, employees want more and more customization and to be more involved in their personal development. Today, HR departments are therefore less and less operational and administrative. Human Resource Management needs to add more and more value, which is why they are increasingly sitting at the boardroom table themselves and discussing processes and business solutions that improve the organization. It is the task of Human Resources to recognize the talent available, to deploy it in the right place and to develop it in the direction of the organizational goals. To achieve this, it is important that the HR policy is inextricably linked to the strategic policy of the organization. In addition, this new role requires statistics and figures. With emerging technology within HRM, the human side is becoming increasingly important. After all, it is people who are central to business success. By using Performance Management Software , you combine the best of both worlds. Performance Management Software provides insight into growth, development, talent and potential of employees and supports the identification of peculiarities. This allows you to respond much faster to innovations and changes.