Role of HRM in today’s corporate world

Human Resource Management (HRM) of any company now works like a business partner of the company or organization.  Days are gone when HR is only limited to recruiting , induction, Personnel file management, appraisals etc.  Now, HRM domain is wide open and it is a necessity to sustain in today’s competitive world.

HRM is now having a pivotal role in the growth of the company. The modern companies are now focusing on aggressive growth, Innovations and struggling to make a niche in market and want to be no.1 in the market.  So, HRM has to play a key role in the growth of the organization.  The key factors are :

-          Gap analysis with existing and future requirement.

-          Hiring of the best talent.

-          Retention of the best talent.

-          Succession planning.

-          Plan the career growth for employees.

-          Timely Rewards and recognition.

-          Building diverse team.

-          Plan for employee training and skill up-gradation.

-          Emotional Intelligence in handling the employee grievances.

Human Resource Management is now creating the human capital for the organization / company.  All HR professional should play strategically well in achieving the targets of HRM. 

The Future of HRM also covers many things.