HRM encompasses a variety of functions that are crucial for managing an organization's workforce effectively:
- Recruitment and Selection: This involves identifying staffing needs, attracting qualified candidates, and selecting the best fits for the organization. - Training and Development: Providing employees with the necessary skills and growth opportunities to perform their roles effectively. - Compensation and Benefits: Designing and managing employee compensation structures, benefits, and rewards systems. - Performance Management: Developing performance appraisal systems and managing employee evaluations. - Employee Relations: Managing relationships between the employer and employees, addressing grievances, and fostering a positive work environment. - Compliance: Ensuring that the organization complies with labor laws and regulations.