What Are Human Resources and HR Management?
Human Resource Management (HRM) manages and administers human resources within an organisation. It encompasses a wide range of activities, including:
- Recruitment and selection: Finding and hiring the right people for the right job.
- Training and development: Providing employees with the necessary skills and knowledge to perform their duties effectively.
- Performance management: Setting goals, monitoring progress, and providing employee feedback.
- Compensation and benefits: Developing and administering a fair and competitive compensation and benefits package.
- Employee relations: Ensuring a positive and productive work environment, resolving conflicts, and addressing employee concerns.
- Compliance: Ensuring compliance with legal and regulatory requirements related to employment.
Effective HRM is crucial for the success of any organisation. It helps to attract and retain top talent, build a stable and motivated workforce, and create a positive organisational culture.
Purpose of HRM
Human Resource Management (HRM) aims to manage and develop an organisation's human resources in a way that helps achieve the organisation's strategic objectives.
The specific purposes of HRM include:
- Recruitment and selection: To attract and hire qualified and suitable candidates for job positions within the organisation.
- Training and development: To develop the skills and knowledge of employees to enhance their job performance, increase productivity, and promote career growth.
- Performance management: To set performance expectations, monitor performance, and provide feedback to employees to improve their job performance.
- Compensation and benefits: To design and administer a package that attracts and retains employees and aligns with the organisation's budget and financial goals.
- Employee relations: To create and maintain a positive work environment that supports employee engagement, job satisfaction, and retention.
- Compliance: To ensure the organisation complies with relevant employment laws and regulations and manages legal risks associated with employment practices.
Ultimately, HRM aims to contribute to the organisation's success by effectively managing its human resources to achieve its strategic goals and objectives.
Basic elements of HRM
The essential elements of Human Resource Management (HRM) include:
- Human resource planning involves identifying the organisation's human resource needs and developing plans to meet those needs.
- Recruitment and selection: This involves identifying job vacancies, advertising job openings, screening resumes, conducting interviews, and selecting the best candidates for the job.
- Training and development: This involves providing employees with the knowledge, skills, and abilities they need to perform their jobs effectively and develop their careers.
- Performance management: This involves setting performance goals, monitoring performance, providing feedback to employees, and taking corrective action to improve performance.
- Compensation and benefits: This involves designing and administering a fair and competitive compensation and benefits package that attracts and retains employees.
- Employee relations involve creating and maintaining a positive work environment, resolving conflicts, and addressing employee concerns.
- Compliance: This involves ensuring that the organisation complies with all relevant employment laws and regulations and managing legal risks associated with employment practices.
- Health and safety: This involves providing a safe and healthy work environment and complying with relevant health and safety regulations.
These fundamental elements of HRM work together to ensure that the organisation has the right people in the right jobs, with the right skills and knowledge, and that they are motivated and engaged in their work.
This contributes to the organisation's success by improving productivity, efficiency, and overall performance.
A career in Human resource management
A Human Resource Management (HRM) career can be rewarding and fulfilling for those interested in working with people and helping organisations achieve their goals.
Some common career paths in HRM include:
- HR Generalist: An HR Generalist is responsible for all aspects of HR in an organisation, including recruitment, training and development, performance management, compensation and benefits, and employee relations.
- Recruitment and Selection Specialist: A Recruitment and Selection Specialist is responsible for identifying job vacancies, developing job descriptions, advertising job openings, screening resumes, conducting interviews, and selecting the best candidates for the job.
- Training and Development Specialist: A Training and Development Specialist is responsible for identifying employee training needs, developing training programs, delivering training sessions, and evaluating the effectiveness of training programs.
- Compensation and Benefits Specialist: A Compensation and Benefits Specialist is responsible for designing and administering a fair and competitive compensation and benefits package that attracts and retains employees.
- Employee Relations Specialist: An Employee Relations Specialist is responsible for creating and maintaining a positive work environment, resolving conflicts, and addressing employee concerns.
- HR Information Systems Specialist: An HR Information Systems Specialist is responsible for managing the HR information systems of an organisation, including HR software, databases, and other technologies.
To pursue a career in HRM, it is typically necessary to have a bachelor's degree in Human Resources, Business Administration, or a related field.
Some employers may also require a master's degree in HRM or a related field. Relevant work experiences and professional certifications, such as the Professional in Human Resources (PHR) or the Senior Professional in Human Resources (SPHR), can also benefit career advancement.
Salary outlook and job scope
The salary outlook and job scope for a career in Human Resource Management (HRM) can vary depending on job title, experience level, industry, and location.
According to the BLS, the median annual wage for human resources specialists was $63,490 as of May 2020. The median annual wage for human resources man For example, HR managers in the manager's e-finance and insurance industry tend to earn higher wages than those in other industries.
Regarding job scope, HRM professionals can have a wide range of responsibilities depending on their job title and the size and type of organisation they work for. HR Generalists, for example, may have responsibilities that span all aspects of HRM, while specialists may focus on a specific area, such as recruitment or training and development. HRM professionals may also be responsible for compliance with employment laws and regulations, managing employee benefits programs, developing and implementing HR policies and procedures, and liaising between employees and management.
The job outlook for HRM professionals is generally positive, with the BLS projecting that employment of human resources specialists and managers will grow by 7% and 6%, respectively, from 2020 to 2030. This growth is due to factors such as the increasing complexity of employment laws and regulations, the need to attract and retain top talent, and the increasing importance of diversity and inclusion in the workplace.
How to get started in HRM
If you are interested in getting started in Human Resource Management (HRM), here are some steps you can take:
- Obtain a degree: A bachelor's degree in Human Resources, Business Administration, or a related field is often required for entry-level positions in HRM. Consider researching colleges or universities that offer HRM programs and find one that meets your needs.
- Gain experience: While still in school, look for internships or part-time jobs in HR departments to gain practical experience. This can help you develop skills and knowledge that will be valuable when you start your career.
- Join professional organisations: Joining professional organisations, such as the Society for Human Resource Management (SHRM), can help you stay up-to-date on industry trends, network with other professionals, and gain access to job opportunities.
- Consider certifications: Earning professional certifications, such as the Professional in Human Resources (PHR) or the Senior Professional in Human Resources (SPHR), can demonstrate your expertise and commitment to the field.
- Apply for entry-level positions: Look for positions in HRM, such as HR Assistant, HR Coordinator, or Recruitment Coordinator, to gain experience and build your skills.
- Build your network: Attend industry events, join online forums, and connect with HRM professionals to build your network and gain valuable insights into the field.
Getting started in HRM requires a combination of education, experience, and networking. By taking these steps, you can gain the skills and knowledge you need to launch your career in this field.