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Have you ever wondered how aligning your workforce’s skills with your organization’s objectives can drive long-term success? This is exactly what the Human Resource Management (HRM) department does, in an organization.
Moreover, the performance of an organization depends on the way in which the HR is handled. In the long term, an organization is likely to expand and become sustainable if HRM ensures that the abilities of its workforce are in agreement with its set objectives.
The article will look into today’s business environment by exploring the top 12 objectives of human resource management that are very crucial to human capital management.
Also Read: Career opportunities with Human Resource Management
Objective #1. Effective utilization of the people as a resource
One of the main duties of HRM is to ensure that an organization utilizes its most valuable asset efficiently – people. HR professionals perform this function by identifying where best to deploy various resources so that employees’ abilities and talents are fully harnessed towards meeting the company’s aims.
Objective #2. Carrying out the process of recruitment and talent acquisition
Attracting the right talent to an organization is one of HRM’s most crucial functions. This objective aims to identify, assess, and onboard individuals whose values, culture, and strategic goals align with those of the organization. It ensures that companies remain competitive within their respective industries.
Objective #3. Working towards enhancing employee productivity
HRM is focused on creating conditions that will motivate employees to perform at their best. By setting clear goals through performance management systems which give continuous feedback, HR ensures that employees facilitate the attainment of organizational objectives of human resource management.
Objective #4. Promoting employee development
Continuous learning and growth are also major concerns for HRM. HR provides training programs, workshops and also developmental opportunities that help workers upgrade their careers and achieve their professional goals.
Objective #5. Building and maintaining a positive work culture
Employee satisfaction and retention depend on the existence of good workplace relations. HRM contributes towards growing a collaborative, inclusive, and respectful company culture where every single employee feels valued and is motivated towards his or her job responsibilities.
Objective #6. Ensuring legal compliance
HRM has to deal with the complex issue of labor laws and regulations. It is through compliance with Employment laws such as the Occupational Safety and Health Act, Equal Pay Act, Age Discrimination Employment Act, etc., that a company can avoid penalties (legal liabilities), and this will lead to equality in the workplace.
Objective #7. Managing employee relations
The aim of Human Resources Management (HRM) is to promote positive relationships between employees and employers. This can be done by resolving any disputes, encouraging open communication channels, or mediating between conflicting parties in a bid to create a more cohesive team working environment.
Objective #8. Supporting organisational change
In the current dynamic business environment characterized by constant changes, it is important for organizations to adopt new strategies from time to time. These might be in the form of mergers, restructuring, changes due to technological advancements or other forms. HR helps to guide employees through such changes so as to minimize disruptions that may arise from within the company.
Objective #9. Strategic workforce planning
Successful human resource management requires predicting future staffing requirements and developing plans for meeting those needs. This may include succession planning, workforce analytics and addressing skills gaps which ensure the organization is changing and evolving.
Objective #10. Driving employee engagement
Engaged employees are more productive in a company. They determine the formulas relating to employee engagement, such as recognition programs that really work for employees, work-and-life balance concepts as well, and possibilities for meaningful contributions.
Objective #11. Managing compensation and benefits
HRM is responsible for paying employees fairly to get and keep good workers. Human resource planning ensures that salaries, bonuses and benefits are designed in accordance with industry standards and meet employees’ needs, encouraging loyalty and leading to an increased level of satisfaction.
Objective #12. Supporting organizational goals
In conclusion, HRM has been described as the process of aligning its functions with an organization’s objectives of HRM. Every aspect of workforce management contributes to the organization’s success as human resources strategies are integrated into business goals.
You may also like: 7 Human Resource Management Basics Every HR Professional will learn from an MBA
Why choose Online Manipal for HR education
Specialized education is necessary for individuals who want to excel in HRM. Different career ambitions are well catered for by various comprehensive programs in human resource management that are offered by prestigious universities at Online Manipal. UGC-entitled, NAAC-accredited courses from leading Institutions are available to the students via Online Manipal and include:
Online MBA in Human Resources from Sikkim Manipal University (SMU):
It teaches HR essentials like talent acquisition, performance management and organizational development. The program suits those who aspire to make an impact as future HR professionals.
Online MBA in Human Resource Management from Manipal Academy of Higher Education (MAHE):
This qualification is designed for working adults seeking to keep abreast of the most recent trendsetters in human resource management (HRM). The primary topics covered under this online MBA program are HR analytics and employee retention mechanisms, among others, concerning performance appraisal processes.
Online MBA in Human Resource Management from Manipal University Jaipur(MUJ):
Overarching leadership attributes plus some strategic management areas such as compensation and benefits, which pertain towards organizational behaviour, fall under these parameters.
Online BBA in HR Management from Manipal University Jaipur (MUJ):
It lays the foundation for employee engagement and performance management. This course is so important for human resource managers.
Flexible learning schedules, together with the relevant curriculum, ensure that the individuals who study at this institution are adequately prepared for leadership roles.
The bottom line
Any organization that seeks lasting growth and satisfies its staff must understand what HRM entails. It includes but is not limited to proper use of resources and creating conducive working conditions, among others.
To those aspiring for a career or upskilling in Human Resource Management (HRM), exploring online HR programs through Online Manipal may be a wise move.
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