HRM: Power of the People Since the beginning of time, people have been the most valuable resource available. Regardless of the goal or task, some level of human resource is required. This simple fact has created a vital need for effective Human Resource Management (HRM). Human Resource Management is a function performed in organizations that facilitates the most effective use of people to achieve organizational and individual goals (Ivancevich, 2010). As society and organizations grow and become more complex, HRM functions continue to expand into many areas vital to organizational growth and success. The journey to understanding and applying human resource functions covers Equal Employment Opportunity (EEO) and Affirmative Action, Human …show more content…

Generally speaking, the larger the organization; the higher the pay (Ivancevich, 2010). Benefits are another form of compensation that adds to the attraction and retention of many employees. In addition to basic pay compensation, organizations generally add nonwage benefits as well. There are mandated benefits and benefits that the organizations offer for attraction and retention. An example of mandated benefits would be Unemployment Insurance and Social Security. Non-mandated benefits include paid holidays, paid vacations, health care plans, and so on. Some services that are offered my employers include: stock ownership, education programs, preretirement programs, and child care. Another very important function of human resource management is HR development. Starting with initial orientation, employers familiarize new employees with the basics of their organizations. This serves as a tool to ease tension, provide expectations, and prepare the employee for a smooth transition to the environment. Along with orientation, many organizations will put their new members through a training program where they will learn how to perform task in the manor desired by the organization. Properly managing a training program helps determine the training needs of employees as well as providing objectives to meet. Providing good training to employees benefits the organization