HRM objectives are broadly classified into four categories.
A growing organization needs specialized people in every department to help in the productivity and growth of a business. Human resource management is a contemporary, umbrella term used to describe the management and development of employees in an organization.
The need for the HR department arose when concepts such as motivation, organizational behavior, selection assessments, etc. began to take shape. Human resource management involves developing and administering programs that are designed to increase the effectiveness of an organization or business. The human resource gives a helping hand in areas that are not related to direct sales and marketing of the organization products. In a nutshell, human resource management involves overseeing all things related to managing an organization’s human capital.
1. Organizational Objectives
HRM has to prepare human resources to accomplish organizational goals. HRM to achieve the organizational objectives like to earn profit, growth, expansion, survival, diversification etc. via the HR functions namely planning, recruiting, selecting, placement, induct, train and develop the human resources and to arrange for performance appraisal of the employees. HRM serves other functional areas, so as to help them to attain efficiency in their operations and benefit the organization. HR should achieve organizational goals through the proper utilization of human resources. Succession planning is an important aspect to be taken up as a contemporary organizational objective.