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Human Resources Management (HRM) is an integral part of virtually all massive organizations. It's a department that looks into the recruitment, welfare, education and interactment of employees in accordance with the corporate policies. In other words one can safely state that human capital management is the organizational function that offers with numerous topics associated to people in an organization reminiscent of performance management, hiring, wellness, compensation, organization development, safety, benefits, worker motivation, communication, administration, and training.

Listed here are few key activities of performed by a Human Resources Management Department in a corporation:

- Organizational Design

- Performance Management and Appraisal

- Staffing

- Reward Systems, Benefits and Compliance

- Employee and Organizational Development

There are various activities which can be part of human capital management function and these activities encompass the whole organizational set up. As you may note in various organizations 'Line Managers', spend a considerable amount of time to manage a number of human resource activities, which embrace disciplining, engaging, hiring, evaluating, and scheduling employees.

Human resource management workforce or department in a company help the organization with all activities related to staffing and sustaining an effective and agile workforce. A few of the most necessary HRM responsibilities embody training and development, crew-building, job analysis, recruiting, performance management and appraisal, compensation, worker health and safety points, as well as figuring out or creating critical methods for selecting staff. Human capital Department provides the tools, data and processes which can be used by Line Managers of their human capital management element of their job.

The perform of HR department in an organization just isn't limited to hiring and managing a large work force however research has shown that progressive and highly efficient Human capital Management Practices have a major impact on corporate backside-line and center-line performance. Researchers have documented the positive impact of excellent HR practices on productivity; product and repair quality; monetary performance; and cost control. Researchers have documented the positive impact of good HR practices on productivity; product and repair quality; monetary performance; and price control.

Those who consider Human Resources department as price centre neglect the vital function played by HR department in human capital management. Managing a talented work force, keeping it gainfully employed and engaged is an efficient way in guaranteeing quality output from employees of an organization. Besides, human resources management provides competitive advantage to an organization. It refers back to the ability of an organization to formulate strategies that place it at favorable position relative to other firms within the industry.

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