The purpose of Human Resource Management lies in successful utilization of people to attain specific as well as organizational goals. This includes both the personnel (i.e., hiring employees and upholding employee information); and payroll function (retaining the employee information associated with employee payment). Human Resource Management typically means to engage, improve and preserve sufficiently capable employees, to implement the activities essential to achieve organizational aims.
4 Main objectives of HRM
1. Defining Organizational structure and driving productivity
Human Resource Management is a method to realize competence and drive efficiency in organizational work. Therefore, its chief determination remains in accomplishing organizational goals. It has to benefit organizations by outlining clearly defined aims and achieving them.
Apart from meeting the organizational goals, Human Resource Management also describes the key problems to be taken care of and governs rules and urgencies. It engenders organizational efficacy, by hiring efficient people, training them and effectively employing the workers.
It should also develop the service that organization provides to the society through structuring employee confidence in a positive direction, which is at the front of effectual individual and group performance.
2. Building coordination between organizational departments
Human Resource Management is responsible for coordination and harmonious functionality within, and between different departments. The resources are organized to achieve business objectives. Also, it is to be made certain that there is functional utilization and all-out growth of human resources.
Human Resource Management should aim at making effective use of the workforce through proper direction of the organizational sectors. This includes refining the conditions for successful outcomes, by making appropriate decisions about human resource planning, recruitment, evaluation, rewards, training and improvement and staff associations that are reliable and sustain the business strategy.
3. Offering Employee satisfaction
It has become harder than ever for companies to hire and sustain capable people because of the rising global competition. Add to it, the lack of sufficiently skilled personnel. As such, it becomes an undeniable priority for Human Resource Management to hire and train the right talent.
It should be ensured that there is an environment of respect among people in the organization, and individual needs are catered to. The HR strategies, policies and ideas for individual improvement must be cohesive with the organization’s strategic goals.
It should gratify individual objectives of employees so that personal and organizational objectives can be aligned, conducive to reaching maximum productivity and establishing a certain competitive edge.
4. keeping up with the societal and ethical models
It must be the responsibility of Human Resource management to ensure that legal, ethical, and social environmental issues are suitably dealt with. It must make sure that the human resources are officially and compliantly coped with and their requirements are recognized and fulfilled. It should also consider the societal ethics and undertake social responsibility.
It must also try to enhance organization’s competitive advantage through social strategies, by pitching in ethically to the necessities and challenges evolving in the society. The societal objectives also involve legal issues such as equal opportunity and equal pay, which should be given due concern.