Human Resource Management
Human resource management deals with programs that help manage the employees that work in a company or organization. Human resource management might be known by different names depending on the employer. For example it is not uncommon for human resource management to be called the personnel department, employee development, or industrial relations (Ivancevich, 2010). However, the name does not matter as much as the many functions that human resource managment performs, which makes this department strategically important for any company or organization. Many employees may think that human resources is simply there for record keeping and filing, but they are ...view middle of the document...
This function ties into and works together with the first function of human resource management that we discussed because their recruitment and selection of employees must follow all Equal Employment Commission laws. Human resource management is responsible for filling job vacancies with qualified people that want the job (Ivancevich, 2010). Human resource management must also plan ahead for company growth to ensure that enough employees are hired to do the job effectively before the work explosion hits leaving the company with too few employees to get the work done. Recruitment is the organizational activities that influence the number and types of applicants who apply for a job and whether the applicants accept jobs that are offered (Ivancevich, 2010). Once qualified applicants are found, it is up to human resource management to comb through the applicants and select the highest qualified for the positions using a predetermined selection process (Supriya, 2005).
Human resources development is another important function of human resource management. Employee development is an effective way of creating a stronger workforce within a company and many times companies or organizations will use on the job training or off the job training to increase employee skills. Human resource management must have a working knowledge of the various types of training and development resources including multimedia training, distance learning, lectures, internet and intranet based materials, and virtual reality just to name a few (Ivancevich, 2010).
Human resource management also sets goals for the employee or management development training and career goals or objectives. Having human resource management help with goal setting is a very important function because it sets out an action, which the employee seeks to accomplish (Ivancevich, 2010). It may seem like a simple task that would not require human resource management assistance; however, is requires systematic diagnosis, development of a program to follow, and the mobilization of resources needed to accomplish the goals like trainers and teaching aids (Ivancevich, 2010).
Another important function of human resource management is overseeing the compensation and benefits of employees within an organization. Compensation is the human resource management function that deals with every type of reward individuals receive in exchange for performing organizational tasks (Ivancevich, 2010). Compensation consists of direct and indirect of which direct compensation means wages or salary and indirect consists of benefits. Most employees’ main reason for working is to get a paycheck and human resource management is responsible for ensuring that employee pay is adequate, equitable, cost-effective, and incentive providing. Many companies use performance bonuses to incentivize their employees to work hard since their bonus will be based on their performance.
Compensation and benefits are probably the most...