Why HRM is Important ?

WHY HUMAN RESOURCE MANAGEMENT NEED?

1. Formulation of HR policies: For the proper formulation of human resource policies knowledge and efficiency on human resource management required.
2. Implementation of HR Policies: Not only formulation rather an implementation of HR policies signify the importance of HR management in an industrial organization.
3. Review of employee needs: human resources management suggest proper action by reviewing employee need. And it increases the efficiency of an organization.
4. Development of social welfare | Social Gatherings : If human resource management (HRM) is welfare-oriented for employees, some development of social welfare may take place.
5. Utilization of Human Resources: HRM can show it’s important by proper utilization of human resources after getting everything done by employees.
6. Development of Labour-Management Relations:?Good labour-management relation is essential for a peaceful working environment. Human resources management can ensure it.
7. Overall development of organization: Human Resources management can play a significant role in achieving productivity and profitability targets. Thus it can help the overall development of the organization.
8. Development of Employee Engagement Activity: Human Resources management can play a significant role to engage employee.

IMPORTANCE OF HRM FOR ORGANIZATIONAL SUCCESS

The practice of HRM must be observed through the prism of overall strategic goals for the organization success. The idea here is to adopt a universal perspective towards HRM that ensures that there are no haphazard strategies and the HRM policy enmeshes itself fully with those of the organizational goals. For example, if the training needs of the employees are simply met with routine trainings on edition topics hence, the organization that takes its HRM policies seriously will ensure that training is based on focused and topical methods.

In inference, the practice of HRM needs to be incorporated with the overall strategy to ensure effective use of people and provide better returns to the organizations in terms of Return on Investment. Unless the HRM practice is designed in this way, the firms stand to lose from not utilizing people fully. And this does not bode well for the success of the organization.

An organization cannot build a good team of working professionals without good Human Resources. The key functions of the Human Resources Management (HRM) team include recruiting people, training them, performance appraisals, motivating employees as well as workplace communication, workplace safety, and much more. The beneficial effects of these functions are discussed here:

Recruitment and Training

This is one of the major responsibilities of the human resource team. The HR managers come up with plans and strategies for hiring the right kind of people. They design the criteria which is best suited for a specific job description. Their other tasks related to recruitment include formulating the obligations of an employee and the scope of tasks assigned to him or her.

?Performance Appraisals

HRM encourages the people working in an organization, to work according to their potential and gives them suggestions that can help them to bring about improvement in it.

Maintaining Work Atmosphere

This is a vital aspect of HRM because the performance of an individual in an organization is largely driven by the work atmosphere or work culture that prevails at the workplace. A good working condition is one of the benefits that the employees can expect from an efficient human resource team. A safe, clean and healthy environment can bring out the best in an employee. A friendly atmosphere gives the Employee a job satisfaction as well.

Managing Disputes

In an organization, there are several issues on which disputes may arise between the employees and the employers. You can say conflicts are almost inevitable. In such a scenario, it is the human resource department which acts as a consultant and mediator to sort out those issues in an effective manner.

Developing Public Relations & IR

The responsibility of establishing good public relations lies with the HRM to a great extent. They organize business meetings, seminars and various official gatherings on behalf of the company in order to build up relationships with other business sectors. Sometimes, the HR department plays an active role in preparing the business and marketing plans for the organisation too.

The Developing Business Model

One of the factors behind organizations giving a lot of attention to their people is the nature of the firms in the current business environment. Given the fact that there has been a steady movement towards an economy based on services, it becomes important for firms engaged in the service or manufacturing sector to keep their employees motivated and productive.

Strategic Management and HRM

There is a need to align organizational goals with that of the HR strategy to ensure that there is alignment of the people policies with that of the management objectives. This means that the HR department can no longer be viewed as an adjunct of the firm but instead is a vital organ in ensuring organizational success.

CONCLUSION

Any organisation, without a proper setup for HRM is bound to suffer from serious problems while managing its regular activities. For this reason, today, companies must put a lot of effort and energy into setting up a strong and effective HRM.