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The Ultimate Guide to HRM: Covering the Basics

Some may know them as “the people whisperer”. That’s right, the human resource professionals manage the employees and maintain the balance between them and the organisation. Now, it’s not easy being an HR manager, you have to oversee an entire team, plus the employees, plus the senior management and things can get complicated. This is the human resources courses online come into play. By equipping professionals with market-ready education and skills, these human resources courses online provide a complete understanding of the complex world of HR. However, let’s try and make this easy for you. Here’s the ultimate guide to human resource management (HRM), which can get you started.

 

An Introduction to Human Resources Management

HRM is the process that is concerned with everything even remotely related to employees – their tasks, activities, job roles, policies in the organisation, essential procedures, recruitment, training, development, compensation, etc. Pretty simple, right?

 

HRM is like an iceberg; no one knows how deep it goes underwater.

So, let’s get you acquainted with some basic concepts of HRM.

Importance of Human Resources Management

Over the last two decades, the importance and need for personnel management have increased exponentially. Since the roles have become multifaceted and millennials have taken over the majority of the workforce, the HR domain has been going through a rough patch.

Considering the dynamic workplace environment, it’s crucial that the work conducted by the HR team is fully integrated into the organisation and actively contributed to helping it achieve its mission and vision. Whether it’s in the form of formulating strategies, implementing policies or making changes across the board, HRM has moved away from being a process-oriented function to a significant strategic one.

In today’s modern workplace, it has become essential for HR professionals to hone their skills and strategies continuously. This is where human resources courses online lend a hand. These courses not only help you build on your people management skills but also provide you with an understanding of the global environment.

 

The History of Human Resources Management

 Did you know that HRM was first introduced almost 187 years ago?

That’s right; even during ancient times, only the best soldiers were recruited to back the royal armies, and the same ethos stands today when it comes to recruitment. Nonetheless, the concept dates back to the time human being first started following an organised way of life.

 

Human Resources Management Process

Here’s the entire human resource management process is broken down into nine key steps that you must follow to ensure the employee-managing process is handled correctly.

  • Recruitment

The first point of contact for any candidate to an organisation is through the recruitment process. This facet of the HR domain encompasses a range of tasks from managing a potential vacancy, to an offer of employment, and successful on-boarding of the candidate. The role of HR here is to write up the job description for all such vacancies and making sure that the ethics, policies, and rules are being clearly communicated before the new employee comes on board.

  • On-boarding

On-boarding is concerned with the process wherein the new employee is introduced with the organisation’s culture, values, and resources. However, it must be noted that on-boarding is not a singular event; it is multifaceted. It covers a lot of ground from writing up and sending out the employment contract to employee induction, training, and following up on their progress.

  • Talent Management

Talent management, vital to an organisation’s success, this process can prepare a company for many challenges through creating a robust talent strategy. This strategy ensures that the workforce is ready and equipped with the right skills as well as tools to meet the challenges of the future.

  • Regulatory Compliance

One of the HR team’s primary function is to ensure that all members adhere to the employment laws and regulations. These laws are related to several aspects, such as health, safety, employee relations, benefits, leave, and pay.

  • Compensation and Benefits

When it comes to payroll and benefits, the HR team takes on a more administrative role. The HR team here is responsible for administering and running the payroll, introducing benefit and bonus schemes, etc. To gain prowess in this domain, consider enrolling for human resources courses online. These courses equip you with the knowledge and skills so you can deploy these strategies effectively in line with the organisation’s long-term goals.

  • Performance Management

Another critical step of the HRM process is performance management. During this stage, the HR team not only sets the parameters and strategies for evaluating the performance of employees but also empowers the staff to drive their own career by offering feedback.

  • Learning and Development

Employees are the ones who are challenged to come up with innovative ideas, designs, or sourcing initiatives. However, if they are not trained or groomed in line with the changing business environment, how are they supposed to keep pace? This is where HR team lends a hand. By evaluating the need for each employee, the HR team sources credible training courses, coaching, mentoring programs, and other initiatives that boost performance as well as engagement.

  • Engagement and Retention

Businesses have started to realise the importance of happy and motivated employees. The HR staff is responsible for gauging employee morale and designing strategies to improve employee engagement and retention.

  • Succession Planning

A critical part of HRM is identifying essential positions in the organisation which, if left empty, can be disastrous. HR professionals are responsible for creating a talent pipeline wherein these positions and roles can be filled as soon as anyone leaves the organisation.

 

Bottom Line

Keeping all this in mind, it’s pretty evident that HRM has come a long way from its primitive beginnings and rocky start. This is why honing your skills and updating the knowledge quotient is the only way to survive and thrive in this domain. The ideal way to do that is by pursuing credible human resources courses online. One such online course you can pursue is the talent management course from XLRI. Offered on the Talentedge platform, the talent management course from XLRI boasts of quality education and market-ready skills. So rest assured, after completing the talent management course from XLRI, you’ll be well equipped to face and overcome any challenge concerned with the human resources.

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