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Tuesday, 18 April 2023

HR Connect with Upali Rathnayake

How HRM process helps an organization success


What is Human Resource Management (HRM)?

HRM is an abbreviation for Human Resource Management. It is the process of successfully and efficiently managing people inside an organisation to achieve its goals. Recruitment, selection, training and development, performance appraisal, remuneration and benefits, employee relations, and legal compliance are all part of human resource management.

The basic goal of human resource management is to ensure that an organisation has the right people with the right skills, expertise, and experience to meet its strategic goals. It also entails fostering a healthy work atmosphere in which people are motivated, engaged, and dedicated to the organization's objectives.

HRM is a critical role in any organisation since it assists in the management of the organization's most precious resource, its people. An organization's productivity can be increased by successfully managing its people resources.

Source: Google 

What is Strategic Human Resource Management (SHRM)?

Strategic Human Resource Management (SHRM) is a human resource management method that connects an organization's employees to its key strategy, objectives, and goals. It focuses on the following aspects of human resource management:

·         Ensuring practises that promote flexibility and provide the organisation with a competitive edge.

·         Making the organization's culture fit.

·         Ensureing exceptional business performance.


Benefits of HRM

Human Resource Management (HRM) is providing many advantages to an organisation. Also, it act a major role to run a company smooth manner. Some of the advantages of HRM are given below,

·         Recruiting and retaining top talent: Human resource management may assist organisations in attracting and retaining outstanding individuals by providing competitive salaries, benefits, and career development opportunities.

·         Developing a trained workforce: HRM may provide employees with training and development opportunities to assist them improve the skills and knowledge required to thrive in their roles.

·         Improving employee satisfaction and morale: Human resource management may foster a happy work environment by encouraging open communication, recognising employee accomplishments, and giving chances for growth and development.

·         Enhancing organizational effectiveness: HRM may assist organisations in aligning their human resources with their business goals, improving employee productivity and performance, and maximising efficiency.

·         Ensuring legal compliance: HRM may assist organisations in complying with labour laws, regulations, and industry standards, reducing the risk of legal issues and improving the organization's overall reputation.

·         Adopting diversity and inclusion: HRM can encourage diversity and inclusion by ensuring that all employees, regardless of colour, gender, ethnicity, or other personal qualities, are treated fairly and equitably.

 Overall, human resource management (HRM) plays a key role in assisting organisations in achieving their strategic goals by efficiently managing their most valuable asset.

 

 

References:

§   https://www.linkedin.com/pulse/significance-human-resource-management-organization-varsha adhikari?trk=pulse-article_more-articles_related-content-card. 

§  https://open.lib.umn.edu/humanresourcemanagement/chapter/1-1-what-is-human-resources/#:~:text=Human%20resource%20management%20(HRM)%20is,important%20role%20in%20today's%20organizations.
 
§  https://www.vecteezy.com/vector-art/13079472-hrm-icon-vector-illustration-hrm-human-resource-management-strategic-objective-employee-training-recruitment-infographic-template-concept-banner-pictogram-icon-set-icons
 
§  https://emeritus.org/in/learn/what-is-strategic-human-resource-management-shrm/
 
§  https://www.techtarget.com/searchhrsoftware/definition/HR-automation
 
§  https://www.youtube.com/watch?v=jSh2dKHZpo4&t=189s

 


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10 comments:

  1. Amila Indika18 April 2023 at 04:07

    It's good explanation about HRM. In the modern world many companies started to believing the importance of HRM and it's role. In your blog you have nicely covered most of the areas that we should covered. Well done Upali

    ReplyDelete
    Replies
    1. Upali Rathnayake18 April 2023 at 16:16

      Many thanks Amila. Appreciated Your commitment

      Delete
  2. Iresha Udari18 April 2023 at 07:29

    HRM is everything to talk about. It is the strategic approach to manage an organization's workforce and involves creating and implementing policies and practices that align with organization's goals and objectives. Further, HRM makes sure that the organization's human capital is effectively utilized and managed to achieve business success. Good informative article.

    ReplyDelete
  3. Tharanga Jayasundara18 April 2023 at 09:30

    In conclusion, I would like to add my comment based on my review: To ensure effective use of people and deliver greater returns to the companies in terms of ROI (Return on Investment) for every dollar or rupee spent on them, HRM practices need to be linked with the entire strategy. Without such a design, enterprises risk losing out on the potential of their human resources. And this is not encouraging for the organization's future development.

    ReplyDelete
    Replies
    1. Upali Rathnayake18 April 2023 at 16:22

      Fully agreed with you Tharanga. Many thanks for your feedback

      Delete
  4. M.Kamal Priyashantha19 April 2023 at 12:01

    Good article Upali,
    Organizations that do not have a proper HRM process can face several issues that can impact their overall performance and success. These include high employee turnover rates, low employee morale, legal issues, and lack of diversity and inclusion. High employee turnover rates can be costly, as the cost of replacing an employee can range from 50% to 200% of the employee's annual salary. Low employee morale can impact employee motivation and job performance, while legal issues can lead to wrongful termination lawsuits. Lack of diversity and inclusion can also impact employee morale and creativity, as companies in the top quartile for gender diversity on executive teams are 25% more likely to have above-average profitability.
    Well done !!!

    ReplyDelete
  5. Tharanga Wanigasundara20 April 2023 at 00:55

    The HRM process plays a crucial role in an organization's success by ensuring that the organization has the right people, with the right skills, in the right positions, and by providing them with the support and development they need to perform at their best. Well done.

    ReplyDelete
  6. Lalindu Wijesinghe20 April 2023 at 07:08

    This article provides a concise and informative overview of Human Resource Management (HRM), highlighting its key components and objectives. It emphasizes the importance of HRM in ensuring an organization has the right people with the right skills and expertise to achieve its strategic goals. The article also emphasizes the significance of fostering a positive work environment where employees are motivated and engaged in the organization’s objectives. Overall, this article serves as a useful introduction to HRM for those who are new to the field. Well done!!!

    ReplyDelete
  7. Dhanushka Jayanath 20 April 2023 at 12:16

    Employing top talent, ensuring employee satisfaction, and enhancing business efficiency and performance are all ways that HRM greatly improves an organization's performance. It can also significantly enhance organizational success overall and give the business a clear understanding of its competitive advantage.
    Nice Article and well done

    ReplyDelete
  8. W.J. Chrishan Fernando.20 April 2023 at 17:44

    This article provides an excellent overview of Human Resource Management (HRM) and its importance in organizational success. The author explains how HRM encompasses a range of activities such as recruitment, training, performance appraisal, and legal compliance. Furthermore, the article outlines the benefits of HRM, such as attracting top talent, improving employee satisfaction and morale, and ensuring legal compliance. The emphasis on Strategic Human Resource Management (SHRM) is particularly noteworthy, as it highlights the importance of aligning an organization's employees with its key strategy, objectives, and goals. Overall, this article provides valuable insights into HRM and how it can contribute to organizational success. Well done .. !! Upali .

    ReplyDelete

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