Functions - of - HRM New
Functions - of - HRM New
Mahika Singh
Princy Agrawal
Daksh Yadav
Keshav
Shlok
Equal
Strategic HR
Employment
Management
Opportunity
Risk
Talent
Management
and Worker HRM Staffing Management and
Protection Development
Topics
Covered Employee and
Total
Rewards Labor Relations:
Introduction
• Human Resources management has an important
role to play in equipping organizations to meet the
challenges of an expanding and increasingly
competitive sector.
• Increase in staff numbers, contractual diversification
and changes in demographic profile which compel
the HR managers to reconfigure the role and
significance of human resources management.
• The functions are responsive to current staffing
needs, but can be proactive in reshaping
organizational objectives.
• All the functions of HRM are correlated with the
core objectives of HR. For example personal
objectives is sought to be realized through functions
like remuneration, assessment etc.
1. Strategic HR Management:
• In order to maintain organizational competitiveness, strategic
planning for HR effectiveness can be increased through the
use of HR metrics and HR technology.
• Human resource planning (HRP) function determine the
number and type of employees needed to accomplish
organizational goals.
• It includes creating venture teams with a balanced skill-mix,
recruiting the right people, and voluntary team assignment.
• This function analyses and determines personnel needs in
order to create effective innovation teams. The basic HRP
strategy is staffing and employee development.
2. Equal Employment Opportunity
• Compliance with equal employment opportunity (EEO) laws
and regulations affects all other HR activities.
• Equal Employment Opportunity is the concept of equal
opportunity in an organization to achieve or maintain fair
employment.
• The core EEO definition (or equal opportunity for
employment) is that all employees should be fairly treated
when regarded in different decisions on employment, such
as hiring promotion, termination, compensation etc.
• Within the context of the EEO definition, 'same opportunities'
or 'equal opportunity' refers to the fact that employers may not
use certain grounds for hiring or rejecting candidate or taking
any other employment decision.
Any potential employee, who protects his interests during all
decisions on employment, shall have a right to equal
opportunities or EEO. This includes:
Hiring and recruitment
Compensation and pay scale
Termination
Employment requests
Benefits, bonus and incentives
Conditions of employment
Demotions
Promotions/Transfers
Disciplinary measures
Attendance and leave management
Dressing and appearance
3) Staffing:-
• Compensation in the form of pay, incentives and benefits are the rewards
given to the employees for performing organizational work. Compensation
management is the method for determining how much employees should be
paid for performing certain jobs.
• Compensation affects staffing in that people are generally attracted to
organizations offering a higher level of pay in exchange for the work
performed.
• To be competitive, employers develop and refine their basic compensation
systems and may use variable pay programs such as incentive rewards,
promotion from within the team, recognition rewards, balancing team and
individual rewards etc
• This function uses rewards to motivate personnel to achieve an organization’s
goals of productivity, innovation and profitability. Compensation is also
related to employee development in that it provides an important incentive in
motivating employees to higher levels of job performance to higher paying
jobs in the organization.
• Benefits are another form of compensation to employees other than direct pay
for the work performed. Benefits include both legally required items and
those offered at employer’s discretion. Benefits are primarily related to the
area of employee maintenance as they provide for many basic employee
needs.
6)Risk Management and Worker Protection:
• HRM addresses various workplace risks to ensure protection of workers by meeting legal requirements
and being more responsive to concerns for workplace health and safety along with disaster and
recovery planning.
• There is no way to avoid risk in business. Risk management is anticipating and preparing for potential
downfalls to minimize consequences.
• Organizations have to apply risk management across their entire operations, but HR should focus on
the risks it’s uniquely responsible for.Risk management in HR means assessing and dealing with the
potential risks that come with having a workforce.
6)Risk Management and Worker Protection:
• These risks are related to how you hire, retain, and manage employees and other types of workers, as well
as employee behavior.
• HR risk management is about contemplating likely scenarios and outcomes so you can minimize
precarious situations, have adequate solutions in place, and even prevent problems from ever occurring
There are four common risk management techniques that HR can use:
Retention – Conceding the inevitability of particular Risks because avoiding them poses more cost/risk
han the loss.
Loss prevention and reduction: Containing risks that can’t be eliminated and keeping losses to a
minimum.