Importance of Human Resource Management for Organizational success

 

Importance of Human Resource Management for

Organizational success

 

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Human Resource Management plays an important role in finding, selecting and keeping the best suitable people for the workforce of the organization. As it motivates the people to develop their skills and talents to achieve the main goals of the organization and it appraise the company business success by implementing different strategies.

Human Resource Management improves the performance of an organization by practicing four main functions of Human Resource Management assessment like,

 

·                                                *Strategic HR planning               

 

·                                                *Recruitment and selection

 

·                                               *Performance management

 

·                                                 *Remuneration

 

 

 

·       Strategic HR planning

 

Strategic HR planning Engages in systematic developing which is used to understand the current needs of the employees and the future needs of the employees. Through this analysis an organization can prevent hiring employees who are overqualified or under qualified.

 

·       Recruitment and selection

 

Recruiting is the process of choosing the right person for a particular job and there are two types of recruitment called internal recruitment and external recruitment.

Internal recruitment is making the people who are already employed aware of the prevailing job opportunities in the organization. External recruitment is the process of attracting applicants outside the organization by posting job vacancies using different media. After recruitment has done the next step is selection of the right person for the particular job post. There are three types for the sections like, background information checking, interviewing and employment tests. Using these selection methods the most suitable candidate can be selected for the job.

 

·       Performance management

 

Performance management is the process of assessing the employees work and checking how they do their job duties. It is important to measure the job performance of the employees in an organization to enhance the productivity of the company.it improves the chances of identifying the strengths and weaknesses of the employees as it directly affect the success of the company.

 

·       Remuneration

 

Remuneration is the process of deciding wages and salaries, benefits, perquisites etc. this is very important for an organization as salaries and other benefits are main sources of attracting candidates for job vacancies. Therefore remuneration plays a major role in Human Resource Management and for the development of a company.

 

Human resource Management benefits developing and managing the work related relationships of the company and motivating the working staff to drive towards the goals of the organization. For this achievement of goals, there should be proper training programs for the employees and orientation programs for the fresher. Also the employees should be provided with good as the employees job satisfaction is directly affect the company success. There should be a good employer – employee relationship to achieve the company goals and for the company success.

When the Human Resource Management policies and strategies are practiced in an organization, it could be really benefited for the success of the organization. It is not only about recruiting selecting managing and developing, but also it benefits the company with positive human relationships which are vital for the business success and go for the targets of the company as a group.

 

 


References

 

https://www.grin.com/document/494500

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiAuvO80OP2AhXtr1YBHZqIDTcQFnoECAQQAQ&url=https%3A%2F%2Fwww.managementstudyguide.com%2Fimportance-of-hrm.htm&usg=AOvVaw13dUlO1ibUF_6OFq7fsV4z

https://www.managementstudyguide.com/processes-in-human-resource-management.htm[P1] 

https://smallbusiness.chron.com/10-reasons-hr-important-organization-22424.html

 

 [P1]

 

 

 

 


Comments

  1. Anushka Rodrigo27 March 2022 at 12:27

    Information gathering is very important here. Internal info as well as external info. Further external info should be accurate and trustworthy. Where organization HRM needs to put additional effort.

    ReplyDelete
  2. Zaman27 March 2022 at 19:56

    The people aspect is hightly important to reach the organization’s ultimate objectives.. in your article you have given an clear description about the key functions of HRM..
    All the best !

    ReplyDelete
  3. Sachini Gamage27 March 2022 at 22:40

    Human Resource Management is very important to the organization as well as employees of the organization. You have clearly describe the four main functions of the HRM. Good Luck!

    ReplyDelete
  4. MANOJ27 March 2022 at 23:53

    You have well described about the Importance of Human Resource Management for Organizational success. well done.!

    ReplyDelete
  5. Uditha Arawpola28 March 2022 at 10:36

    HRM is one of the most essential requirements in an organization, and effective HR management is vital to the organization's success. This article covers the role of human resources in detail. Well Done Shashitha!!!!

    ReplyDelete
  6. Venushka Bandaranayake30 March 2022 at 22:59

    Finding suitable people for suitable job roles are the most important function of HRM. You have clearly explained the main functions and importance of HRM. Good Luck..

    ReplyDelete
  7. H.M.W.IRESHA MBA241 April 2022 at 09:59

    very clear explanation of the whole HR Process, HR strategy should be maintained by data and evidence Get comfortable & proven by reports, and also reviewing and analyzing data, ensure that HR policies, processes, and governance are in line with the overall vision. all the best!!

    ReplyDelete
  8. Tharindu L Bandara3 April 2022 at 04:12

    The impact of HRM on the success of an organization is well explained. This is a good start for newcomers. You have given a good idea of the overall one. All the best!

    ReplyDelete
  9. FuardMBA243 April 2022 at 11:20

    HRM exists to maintain a balance between employee needs and satisfaction and a company's profitability and ability to achieve its objectives.
    Well done

    ReplyDelete
  10. Mafaz3 April 2022 at 12:10

    Hi Shashitha,
    A very good post that highlights the importance of HR for an organization's success. You have explained well how positive human relationships can lead to success.

    ReplyDelete
  11. Chamila Thilakaratne (LMU, ESOFT MBA Batch #24)30 April 2022 at 23:52

    HR management is a essential function in any organization. Companies would be unable to effectively recruit and retain employees, improve and enhance the organization, and maintain a healthy, accepting workplace culture and environment if human resources management was not in place.Good writting

    ReplyDelete
  12. Prageeth MBA2 May 2022 at 06:55

    The function of Human Resource Management contributes an important role in assuring employee satisfaction, develop business productivity and performance. It can also provide the organization with a clear vision of competitive advantage and contribute affectively to the organizational success in general
    Good luck 👍

    ReplyDelete

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