Aims of Human Resources Management:

The overall purpose of HRM is to ensure that the organization is able to achieve success through people. As Ulrich and Lake have remarked: “HRM system can be the source of organizational capabilities that allow firms to learn and capitalize on new opportunities”.

Specifically, HRM aims to:

• enable the organization to obtain and retain the skilled, committed and well-motivated workforce it needs,
• enhance and develop the inherent capacities of people: their contributions, potential and employability, by providing learning and continuous development opportunities,
• develop high-performance work systems that include “rigorous recruitment and selection procedures, performance-contingent incentive compensation systems, and management development and training activities linked to the needs of the business”,
• develop high-commitment management practices that recognize that employees are valued stakeholders in the organization and help to develop a climate of cooperation and mutual trust’
• create a climate in which productive and harmonious relationships can be maintained through partnerships between management and employees,
• develop an environment in which teamwork and flexibility can flourish,
• help the organization to balance and adapt to the needs of its stakeholders (owners, government bodies or trustees, management, employees, customers, suppliers and the public at large),
• ensure that people are valued and rewarded for what they do and achieve,
• manage a diverse workforce, taking into account individual and group differences in employment needs, work style and aspirations,
• ensure that equal opportunities are available to all,
• adopt an ethical approach to managing employees that is based on concern for people, fairness and transparency,
• maintain and improve the physical and mental well-being of employees.

REFERENCES:

Armstrong M., Strategic Human Resource Management. A Guide to Action., Kogan Page Ltd 2008

Read more: Strategic Human Resource Management

Becker B., Huselid M., Pickus P., Spratt M., HR as a Source of Shareholder Value: research and Recommendations [in:] Human Resource Management Journal, Vol 31(1), Spring1997

Read all article: HR as a Source of Shareholder Value

Ulrich D., Lake D., Organizational capability: competing from the inside out, John Wiley and Sons 1990

Read more: Organizational capability: competing from the inside out