Recruiting Management (HRM) is an integral part of just about all large organizations. It is a department that appears in to the recruitment, welfare, education and engagement of employees in accordance with the company policies. In other words one can safely state that human capital management is the organizational function that deals with various topics related to people in an organization such as performance management, hiring, wellness, compensation, organization development, safety, benefits, employee motivation, communication, administration, and training.
Here are few key activities of done by a Human Resources Management Department in an organization:
- Organizational Design - Performance Management and Appraisal - Staffing - Reward Systems, Benefits and Compliance - Employee and Organizational Development
There are numerous activities that are part of human capital management function and these activities encompass the complete organizational setup. As you may note in various organizations 'Line Managers', spend a great deal of time for you to run a quantity of hr activities, which include disciplining, engaging, hiring, evaluating, and scheduling employees.
Human resource management team or department within an organization profit the organization with all of activities associated with staffing and looking after an effective and agile workforce. Some of the most important HRM responsibilities include training and development, team-building, job analysis, recruiting, performance management and appraisal, compensation, worker safety and health issues, in addition to identifying or developing critical methods for selecting staff. Human capital Department provides the tools, data and procedures that are used by Line Managers in their human capital management component of their job.
The function of HR department within an organization is not restricted to hiring and managing a large work force but research has shown that progressive and impressive Human capital Management Practices possess a major impact on corporate bottom-line and middle-line performance. Researchers have documented the positive impact of good HR practices on productivity; product and repair quality; financial performance; and cost control. Scientific study has documented the positive impact of excellent HR practices on productivity; product and service quality; financial performance; and cost control.
People who consider Recruiting department as cost centre forget the vital role played by HR department in human capital management. Managing a talented work force, keeping it gainfully employed and engaged is an efficient way in ensuring quality output from employees of the organization. Besides, human resources management provides competitive advantage to an organization. It refers to the ability of an organization to formulate strategies that put it at favorable position in accordance with other companies in the market.