What is the hrm function?

Human Resource management performs quite a few useful Function in order to achieve its objectives. These functions have been categorized by Decenzo and Robins as:

Acquisition: The acquisition function begins with Human Resource Management  planning. Relative to human resource requirements, we need to know where we are going and how we are going to get there. This includes the estimation of demands and supplied of labor.

Development: The Development function can be viewed along three dimensions and the Development is one of the most important function of  Human Resource Management (HRM). The first is employee training, which emphasizes skill development and the changing of attitudes among workers. The second is management development, which concerns itself primarily with knowledge acquisition and the enhancement of an executive’s  conceptual abilities. The third is career development, which is the continual effort to match long-term individual and organizational needs.

Motivation: The Motivation function creates an inner urge to perform and begins with the recognition that individuals are unique and that motivation techniques must reflect the needs of each individual. Within the motivation function, alienation, job satisfaction, alienation, job satisfaction, performance appraisal, behavioral and structural techniques for stimulating worker performance, the importance of linking rewards to performance, compensation and benefits administration, and how to handle problem employees are reviewed.

Maintenance: The final function is maintenance. Its the also most important function of  of Human Resource Management (HRM). In contrast to the motivation function, which attempts to stimulate performance, the conditions that employees believe are necessary in order to maintain their commitment to the organization.

Within the confines of the four functions - Acquisition: Development: Motivation: Maintenance—many changes have occurred over the years. What once was merely an actitivity to find a warm body to fill a vacancy has become a sophisticated process of finding, developing, and retaining the best qualified person for the job. But this metamorphosis did not occur overnight. It is the result of many changes in management thought, society, and the workers themselves.

Diagrammatically the Human Resource Management functions may be demonstrated as under:

WHAT IS HRM?

 

 http://www.youtube.com/watch?v=HqlbYEMjZfo

 

“Management of human resources is that function of all enterprises which provides for effective utilization of people to achieve both the objectives of the enterprise and the satisfaction and development of the  employees.”

We may, therefore, view human resource management as human capital formation and managing its use in the development process of the firm. Economists view capital formation as an addition or increment to the existing stock of capital assets of a firm or of a nation. In the language of the Economists, “Capital is the produced means of Production.” A capital asset is something which can be used as instrument of production or distribution. Administrative capital formation (administration and management skills are two terms used in Management literature interchangeably) means formation or creation of skill, knowledge, ideas, values and desires in the people posted in administrative or managerial positions requiring serious contemplation, commitment and devotion for effective planning, organizing, directing, leading, controlling and co-ordination activities designed to achieve goals and objectives of their organizations. Any man or woman can not assemble material and human resources Management  and husband them effectually without needs skills and knowledge. A person develops when he is inducted into the growth process. Social conditioning is needed for fitting him into the organization. This growth process emanate from contact with new  Ideas.

Western nations have taken the words of john kenneth Galbraith who got interested in human resource Management / development and stated categorically that a well trained and well-educated workforce is a nation’s greatest form of capital. Conclusions of Galbraith and schultz were corroborated by the research finding of Eli Ginberg of Columbia University.

Ingredients of our Human resource Management like inherent abilities, skills, experiences, knowledge and other attributes are partly wasted due to poor personnel practices. Need for effective use of human resource is apparent.