Work done is not important, but the right work done is. This is the thing on which the scope of human resource management is based. The Foundation of the success of the organization is to hire people who understand the goal of the company and forward these goals to others. It is the nature and scope of human resource management to understand the monetary and nonmonetary needs of the employees and use them to increase productivity.
HRM simply is considered to be the management of employees. In which hiring, positioning, recruiting, firing, and managing them as a whole are included. It also involves training and development, compensating, appraising, encouraging, and providing benefits to the employees. (thesiswritinghelp, 2019).
The existence of HRM does not need to be justified in detail. It has an unavoidable importance in starting and growing the organization. But it may have different ideologies, styles, or managerial resources. (Boxall, Purcell & Wright, 2008).
Scope of Human Resource Management
HRM has become an important part of every organization for years because it’s a persuasive and interdisciplinary activity. The scope of the HRM has been discussed below and also we have explained why it plays an important role in organizations.
Assessment of company human resources
The primary function of HRM is an assessment of the existing human resources of the company. This means analyzing whether the existing payroll is proportional to the requirements of the work. it provides an idea of whether the required roles of the employees are missing or are additional. We can call this whole process human resource planning.
Reviewing jobs in the organization
Knowing the detailed job descriptions of each position in the company and what profile will suit best to the vacant job title are the responsibilities of human resource management. It helps build the foundation for searching for and choosing the right candidates for the company. Analysis for the job should be done very carefully, keeping in mind the financial budget of the company.
Interviewing and selection
Selecting the right candidate is the next step in the scope of Human resource management. Someone who suits the company’s culture along with academic qualifications is considered to be the right candidate.
Setting out the requirements for a specific position is one of the activities of HRM. They also decide how many steps an interview selection process should consist of.
Introduction and orientation
Introduction to the environment, ethics, and work culture is the first step after the selection of the candidate. He/she is introduced to his team with whose they will work and the supervising manager. It develops the comfort level of the new employee. It is an informal process and its main objective is to familiarize the employee with organizational values.
Remuneration and benefits
It’s the responsibility of HRM to discuss the basic salary and other benefits considering the employee’s position. They have to describe all the benefits such as medical, travel, vacation leaves, etc. These benefits make a more efficient work environment.
Employee’s growth prospects
Growth opportunities provided by the company have a huge impact on the loyalty of the employees. It’s the responsibility of the HRM to keep motivated the employees and gain their loyalty. They have all the details about the performance of the employees and who is better than the other. If a performance appraisal that is connected to the incentives and increments encourages the employees to achieve more and more targets.
Training on the job
The employee-oriented function is another name for HRM. It has to continuously provide varied learning programs to its employees. Training and development are one of the main roles of HRM. How much an employee is updated about the new ways of doing the job is the key to the success of an organization. Training programs organized by the company aim to develop and improve the skills of the employees.
It’s the responsibility of HR to take care of the health and wealth of the employees. They have to build a healthy work environment. This includes nonmonetary services like a medical, canteen, or other entertaining areas. For the efficiency of employees, the role of a safe and secure environment plays a very crucial part.
Employee’s grievance redressal system
HRM has to build a mechanism to resolve the complaints of employees making sure that confidentiality and security are carried out. It builds the trust of employees for the long term. Employees feel satisfied at a different level, realizing that their voices are being heard.
Labour and trade unions
One of the basic reasons for the success of an organization is building strong relationships within the industry. For the company to work smoothly, HRM also has to maintain healthy and strong relationships with different trade unions.
As the world is changing continuously, there should be widespread scope for human resource management. They must evolve keeping in mind the existing needs of the company. That won’t be wrong if we say that companies need to win the marketplace, to win the market. And the foundation for that is to employ a strong and adaptable HRM activity.
It will be beneficial for the students to get a specialization in HRM because of its wide scope all over the world. but the students are assigned hrm dissertation topics to write about the particular one at the college or university.
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Human resource management is responsible for the effective designing and implementation of the different policies, procedures, and programs. It is all about building and managing creativity, knowledge, and skills and using them effectively. HRM is not just limited to managing and efficiently using human intelligence but also manages the physical and emotional wealth of the employees. The scope of the HRM is increasing day by day considering the complexities involved.