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1. Importance of Human
Resource Functions
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2. HRM functions
HRM: various administrative practices
that ensure maximum utilization of the
value of organizational workforce
Systematic, organized means of
managing employees in organization
Managing varying relationships resulting
from consistent interactions among
employees
Investing in employees to ensure they
retain best talents, while devising
efficient, effective means of hiring talent
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3. HRM functions
Enables organizations to control employees’
turnover,
Reduces cost of hiring, training new
employees
Success in HRM: organizations ought to
consistently plan, scrutinize, evaluate
prevailing workforce requirements
To ascertain pressing concerns that may
inhibit quality performance.
Indicates organization should gather enough
resources to enable its HR managers to carry
out their duties effectively
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4. HRM functions
Aimed at enhancing accomplishment of
organizational short-term, long-term goals
Employees’ recruitment, selection
Obtaining the best possible workforce for an
organization
Recruitment: process of organized
identification, hiring of relevant individuals to
fill new positions, replace outgoing
employees
Starts when organization establishes need to
hire individual intended to fill vacant position,
ends when chosen person gets position
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5. HRM functions
Selection a major component of
recruitment process
Process in which suitable candidate
identified from numerous applicants to fill
position in organization
Organization should ensure an effective,
efficient, fair strategy consistently
followed to enable organization secure
competent employees capable of
effectively accomplishing their duties
Ensures reduced resource wastage
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6. HRM functions
Effective recruitment and selection approach
enables organization to significantly reduce
costs of replacing employees that might be
deemed ineffective
Also enables organization to hire flexible
workers, enhancing flexible adjustment of
organizational operations without sabotaging
employees
Employees’ flexibility can equally enable
organization to embrace modern
technologies without necessarily incurring
training cost
Further lowers level of expenditure incurred
by organization in adopting new technologies
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7. HRM functions
Utilization of human capital resources another
major function
Intended to exploit full potential of organizational
employees
Human capital resources: numerous skills,
creativity, abilities, and talents of employees that
can add monetary worth to the organization
Management enables organizations to fully utilize
human capital to achieve full potential
Enables organization to attain long-term goals
Ensures employees are always in position to
deliver expected results to enhance
organizational productivity
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8. HRM functions
Management of human capital resources can be
realized through continually equipping employees with
relevant training
Also offering them opportunities to further their
educational experience
Enables employees to offer their skills and expertise
towards promoting organizational productivity,
profitability
Utilization of human resource capital enables
organization to identify employees’ special talents and
abilities,
Ensures individuals are allocated various duties on
basis of knowledge and abilities
Enables organization to equip productive individuals
with necessary skills to maximize quality of
performance, reduce number of unproductive
individuals
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9. Other HRM functions
Balancing needs of larger organization
with those of individual employees
another important function
Involves offering workforce flexible
working shifts, including working from
home, accessing various types of leaves,
and time-off duty for workers
Advising organizational leadership on all
aspects of human resources
To equip organizational leadership with
better understanding of workforce
dynamics.
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10. Other HRM functions
Performance appraisal: regularly
reviewing performance of
organizational workforce
To establish whether they meet the set
targets
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